702 Carnation Dr, Aurora, MO 65605
This exceptional investment opportunity presents a fully occupied, 150,000-square-foot warehouse complex in Aurora, Missouri. The property, located at 702 S Carnation Dr, boasts three single-story buildings on a 12.8-acre lot, zoned M-1. Built in 1958, the Class C warehouse features six loading docks, three dock-high doors, and a 12-foot ceiling height. Currently housing two tenants with 100% occupancy, the property generates a 3.70% cap rate at an asking price of $4,500,000 ($30/sq ft). The gross lease structure simplifies management. The property benefits from high visibility due to its location within an industrial park experiencing 9,410 cars per day in traffic. Over 100 parking spaces are available on-site. This multi-tenant property offers significant potential for investors seeking a strong return in a thriving industrial area. The property's APN is 19-6.0-13-002-002-015.001. This is a rare opportunity to acquire a substantial warehouse complex in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.