Property profile

1276 Old Highway 40 Odessa, MO 64076

OFF-MARKET
Warehouses
47,740 SF 5 ac lot Built 1995
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Property summary

AI-generated overview

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 profile

Verified
Property type Warehouses
Year built 1995
Total area 47,740 SF
Lot 5 ac (217,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1276 Old Highway 40 Odessa, MO 64076
Odessa metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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