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    1276 Old Highway 40 Odessa, MO 64076

    Sponsored
    For Sale
    $1,900,000

    High-yield multi-unit property, prime location.

    Property size:
    47,740 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 47,740 square foot, Class B multi-use building situated on 5-7 acres in Odessa, Missouri. The property, built in 1995, features seven units currently at 21% occupancy, with a projected full occupancy date of November 13, 2024. The building boasts a 16-foot ceiling height and offers flexible space suitable for industrial, warehouse, distribution, flex, office, and retail uses. With a total asking price of $1,900,000 ($39.80/sq ft and $271,428.57 per unit), this value-add investment presents significant upside potential. The property includes four parking spaces. Currently, a medical office occupies two of the seven units. This single-story building offers 100% ownership with no ground lease. The property is for sale by owner and features no loading docks or dock-high doors. There are no rent bumps or gas pumps on the property. Note that the tenant credit rating is not available.

    Property Features for 1276 Old Highway 40

    General Information

    Property type
    Self storage facilities
    Square Feet
    47,740 SF
    Class
    B
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1
    Units
    7

    HighLights

    • $1,900,000 asking price for a 47,740 SF industrial building in Odessa, MO.
    • Multi‑tenant property with seven units, currently 21% occupied.
    • Value‑add investment opportunity with a price per square foot of $39.80.
    • Building features 16' ceilings and sits on 5‑7 acres.
    • Property includes a mix of flex, manufacturing, and warehouse space, suitable for various uses.
    • Class B building constructed in 1995, offered for sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Nail Salon Hotel & Motel Gym & Fitness Auto Parts Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.971907122617
    Latitude
    39.005526120989

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    FAQs

    What type of property is this?
    Self storage facility - High-yield multi-unit property, prime location.
    Where is this self storage facility located?
    The property is located at 1276 Old Highway 40 Odessa, MO.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price for a 47,740 SF industrial building in Odessa, MO.; Multi-tenant property with seven units, currently 21% occupied.; Value-add investment opportunity with a price per square foot of $39.80.
    Request Owner's contact information
    1276 Old Highway 40 Odessa, MO 64076
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    Odessa, MO 64076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1276 Old Highway 40 Odessa, MO 64076
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