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    141 Sherman Rdg Rd Laurie, MO 65037

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    141 Sherman Rdg Rd Laurie, MO 65037

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    • Investment properties
    • 6,500 SF
    • 2.20 lot acres
    For Sale
    $480,000
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    Laurie, MO Manufacturing Building For Sale
    $480,000
    6,500 SF

    Laurie, MO Manufacturing Building

    Spacious building, 2.2 acres, great potential.

    Gravois Mills, MO 65037
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 141 Sherman Rdg Rd

    Lot size
    2.20 lot acres
    Property size
    6,500 SF
    Property type
    Investment properties

    Description

    This exceptional 6,500 square foot manufacturing building situated on a gently sloping 2.2-acre lot in Laurie, Missouri presents a unique investment opportunity. Currently operating as a marine upholstery business, the property offers significant versatility and adaptability for a wide range of commercial uses. The main level boasts ample office space, a sizable workshop area, and a generous open warehouse space, perfect for storage or production. Two half-bathrooms are conveniently located on the main level. Adding to the property's appeal is a sizable one-bedroom apartment situated above the office area, complete with a full bathroom and laundry hookups, providing potential for owner occupancy or rental income. The upper level also includes additional storage areas. The building's substantial size and flexible layout make it ideal for various businesses seeking expansion or relocation. The seller will require a 3-6 month period after closing to facilitate the orderly wind-down of their existing business and vacate the premises. This allows for a smooth transition and minimizes disruption for the new owner. This property offers a compelling combination of space, location, and potential, making it an attractive investment in a thriving Missouri community. The 2.2-acre lot provides ample room for expansion or future development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Laurie
    County
    Morgan
    State
    Missouri
    Longitude
    -92.8189
    Latitude
    38.1939

    Comparable in this City

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      14,300 SF

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      2,400 SF

      31590 Hwy 5th 5

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      31590 Hwy 5th 5, Gravois Mills, MO 65037-3807
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      1,994 SF

      133 Elks Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 1,994 SF
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      3,040 SF

      100 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,040 SF
      100 Main St, Gravois Mills, MO 65037-6273
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    • Value Estimation by Request
      3,252 SF

      28364 Kettle Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,252 SF
      28364 Kettle Rd, Gravois Mills, MO 65037-7401
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    • Value Estimation by Request
      4,347 SF

      102 Brk Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 4,347 SF
      102 Brk Ln, Gravois Mills, MO 65037-6290
      View Details

    Similar Nearby for Sale

    • $480,000
      6,500 SF

      Laurie, MO Manufacturing Building

      Spacious building, 2.2 acres, great potential.
      141 Sherman Rdg Rd, Laurie, MO 65037
      View Details
    • $44,500
      0.41 Acres

      Ready-to-Build Lot Overlooking Pond

      Nearly half-acre lot ready for construction with essential infrastructure.
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    • Contact for pricing
      0.42 Acres

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      Building lot near golf course, restaurants, marinas, and shopping.
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      2,400 SF

      Successful Convenience Store Near Lake

      High-traffic convenience store with fuel and supplies near Lake of Ozarks.
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      0.39 Acres

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      Lake view lot with community water and sewer access.
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      Golf Course View Building Site

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    Laurie, MO 65037
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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