1801 State Route K West Plains, MO 65775

Property Details for 1801 State Route K

Year built

2014

Property size

10,000 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

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.

Location Insight

City

West Plains

County

Howell

State

Missouri

Longitude

-91.878

Latitude

36.7257