Office and Medical
For Sale
Contact for pricing
975 N Lindsey Ave, Republic, MO 65738
Versatile office building near US-60 in Republic, suited for office, medical, or professional service users.
Property Size3,864 SF
Price / SF$200.57
Days on Market67
Property Features for 975 N Lindsey Ave
General Information
Standard status
Active
Size
3,864 SF
Class
A
Property subtype
Office
Zoning
PDD-HP-TC
Additional Details
Highway Access
Yes
Building Details
Year Built
2017
Buildings
1
Listing Agency:
Moreno Group LLC
Listed By:
Caleb Moreno · License #Mo 2005003721
(417) 351-3131
Source:
Crexi
Added: Jul 1
Changed: Aug 26
Last Checked: Aug 31 at 10:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Moreno Group LLC
Investment Insights
Based on property information with market context.
975 N Lindsey Ave is a commercial building in Republic, MO, offered for sale as a flexible space for office, medical, or other professional service use. The property is presented as an excellent option for owner-users seeking a centrally located site within a growing Southwest Missouri community.
The building is minutes from US-60 and is surrounded by expanding residential and commercial development, supporting convenient regional access for occupants and visitors.
Offered at 3,864 square feet, the property provides a dedicated setting for in-town business needs with straightforward access to major roadway connectivity.
The building is minutes from US-60 and is surrounded by expanding residential and commercial development, supporting convenient regional access for occupants and visitors.
Offered at 3,864 square feet, the property provides a dedicated setting for in-town business needs with straightforward access to major roadway connectivity.
Key Highlights
- Built in 2017, this versatile office building is located in Republic
- Convenient access to US‑60—just minutes away
- Suitable for office, medical, or professional service users
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,899
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,277,980
$1.3M
Cap Rate 7%
$912,843
$912.8K
Cap Rate 9%
$709,989
$710.0K
Market Conditions
NOI Build-Up for 3,864 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$89.0K $23.04/SF
− Vacancy
−$3.8K −$0.99/SF
EGI
$85.2K $22.05/SF
− OpEx
−$21.3K −$5.51/SF
NOI
$63.9K $16.54/SF
Area
Greene County, MO
Vacancy
4.30%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,277,980
Cap Rate 7%
$912,843
Cap Rate 9%
$709,989
Alternative Uses
Best Use
Office B
$912.8K
$798.7K – $1.06M
NOI $63,899 @ 7.0% cap · market cap 8.25%
Second Best
Healthcare Medical
$536.5K
$469.5K – $626.0K
NOI $37,558 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,748 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 65738, MO
20,995
Population
8,878
Households
2.4
Avg Household Size
35
Median Age
28%
College-Educated
95%
High-School Grad
53.9 sq mi
ZIP Area
390
Density / Sq Mi
$67,848
Median Household Income
$45,220
Median Earnings
$1,069
Median Rent
$195,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Versatile office building near US-60 in Republic, suited for office, medical, or professional service users.
Where is this office building located?
The property is located at 975 N Lindsey Ave Republic, MO.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Built in 2017, this versatile office building is located in Republic; Convenient access to US‑60—just minutes away; Suitable for office, medical, or professional service users
