Current Use by Public Records
- West Plains VA Clinic / Medical Clinic
- Richard Loveland / Physician
Property Details for 1801 State Route K
- Year built
- 2014
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional Class A medical office building, totaling 10,000 square feet, presents a unique investment opportunity in West Plains, Missouri. Built in 2014, the single-story building boasts a 100% occupancy rate and a strong net operating income (NOI) of $173,177, yielding a 7.00% cap rate. The asking price is $2,473,959, translating to $247.40 per square foot. The property is situated at a highly visible intersection, offering excellent accessibility and visibility for patients and staff. The building features ample parking, including a covered drop-off area, enhancing patient convenience. The interior is well-appointed with modern medical facilities and equipment, including examination rooms, treatment areas, administrative offices, and waiting areas, making it ideal for a variety of medical specialties. This turnkey facility benefits from an established patient base and is located near local amenities, including shopping and residential areas. The property's prime location in a growing community with robust healthcare demand offers significant potential for future expansion and increased revenue. The gross lease structure simplifies management and ensures consistent income. This is an owner/user opportunity with a single tenant. This property is perfect for medical professionals or investors seeking a stable, high-performing asset in a desirable location.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Plains
- County
- Howell
- State
- Missouri
- Longitude
- -91.878
- Latitude
- 36.7257
