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    1212 Hwy Odessa, MO 64076

    For Sale
    $1,480,000

    37,000 SF Vacant Building, Multiple Uses

    Property size:
    37,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 37,000-square-foot commercial building, located at 1212 U.S. Hwy 40 in Odessa, Missouri, presents a compelling value-add investment opportunity. Built in 1995, this single-story, Class C property sits on a 5-7 acre lot and offers significant potential for redevelopment. Currently vacant, the building previously served as a grocery store and is adaptable to a variety of uses, including industrial, office, retail, or flex space. The high 16-foot ceilings provide ample vertical space. The property boasts excellent visibility and accessibility, with direct access to I-70 and monument signage. The asking price is $1,480,000, translating to $40 per square foot. This is a 100% ownership opportunity with no gas pumps, loading docks, or dock-high doors. The property is part of the Shops at Odessa, a plaza with additional buildings available. This is a multi-unit retail, office, and flex/storage investment. The property features 37,000 square feet of net rentable space. Consider this versatile property for your next investment venture.

    Property Features for 1212 Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    37,000 SF
    Class
    C
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Odessa
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.972427
    Latitude
    39.006337

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    FAQs

    What type of property is this?
    Lifestyle center - 37,000 SF Vacant Building, Multiple Uses
    Where is this lifestyle center located?
    The property is located at 1212 Hwy Odessa, MO.
    What is the asking price?
    The asking price for this property is $1,480,000.
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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
    1212 Hwy Odessa, MO 64076
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