Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    101 2Nd Street Ter Odessa, MO 64076
    Back to Search
    Property profile & analytics

    101 2Nd Street Ter Odessa, MO 64076

    View on Map
    • Retail properties & Spaces
    • 2,195 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 101 2Nd Street Ter

    Year built
    1975
    Property size
    2,195 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Drug stores

    Description

    This exceptional investment opportunity presents a 2,195 square foot CVS Pharmacy located at 101 South 2nd Street, Odessa, MO 64076. The property sits on a 6,534 square foot lot and boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $100,000. The current lease, a triple net (NNN) agreement with a credit-rated tenant, has a remaining term of approximately 6.2 years, expiring January 31, 2031. The lease includes four 5-year renewal options, providing long-term stability and predictable income growth. Rent increases by 5% every five years, ensuring consistent returns. Built in 1975, this single-tenant property benefits from a 100% occupancy rate and is strategically located in Odessa's main retail corridor. The investment is backed by the corporate guarantee of CVS Corporation, minimizing landlord responsibilities and offering a secure, low-risk investment opportunity. This property offers a compelling combination of strong tenant credit, a long-term lease, and built-in rent escalations, making it an attractive addition to any investment portfolio. The asking price is $1,666,666.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.9539
    Latitude
    39.0003

    Comparable in this City

    • Value Estimation by Request
      31,060 SF

      1340 Old Highway 40

      Restaurants • 31,060 SF
      1340 Old Highway 40, Odessa, MO 64076
      View Details
    • Value Estimation by Request
      37,000 SF

      1212 Hwy

      Lifestyle centers • 37,000 SF
      1212 Hwy, Odessa, MO 64076
      View Details
    • Value Estimation by Request
      23,000 SF

      1232 Old

      Lifestyle centers • 23,000 SF
      1232 Old, Lake Lafayette, MO 64076
      View Details
    • Value Estimation by Request
      0.86 Acres

      309 Park Ln

      Day care centers • 0.86 Acres
      309 Park Ln, Odessa, MO 64076
      View Details
    • Value Estimation by Request
      5,174 SF

      128 2nd St

      DEPARTMENT STORE • 5,174 SF
      128 2nd St, Odessa, MO 64076-1246
      View Details
    • Value Estimation by Request
      2,025 SF

      221 2nd St

      DEPARTMENT STORE • 2,025 SF
      221 2nd St, Odessa, MO 64076-1247
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,060 SF

      47,740 SF Mixed-Use Building

      47,740 SF building suitable for industrial, office, retail.
      1340 E Old Highway 40, Odessa, MO 64076
      View Details
    • Contact for pricing
      23,000 SF

      Odessa Mixed-Use Building For Sale

      23,000 SF building suitable for retail, office, or industrial.
      1232 Old U.S 40, Odessa, MO 64076
      View Details
    • Contact for pricing
      29,700 SF

      29,700 SF Mixed-Use Building

      29,700 SF building suitable for retail, office, or industrial.
      1252 E Old Highway 40, Odessa, MO 64076
      View Details
    • $350,000
      Pending

      Log Cabin on Highway 40

      Versatile log cabin suitable for retail, office, or hospitality.
      121 W Us Highway 40 N/A, Odessa, MO 64076
      View Details
    • Contact for pricing
      2,274 SF

      Retail Space For Sale

      Retail space available, 2,274 SqFt, 5.25% CAP rate.
      101 W Us Highway 40, Odessa, MO 64076
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      The Shops at Odessa

      Strategically located retail destination with high traffic and expansion potential.
      1212 Us Highway 40 U.S, Odessa, MO 64076
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space available for lease in Odessa, Missouri.
      316 W Old 40 Hwy, Odessa, MO 64076
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 2Nd Street Ter
    Odessa, MO 64076
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    101 2Nd Street Ter, Odessa, MO, 64076
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!