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    1212 Us Highway 40 Odessa, MO 64076

    • Warehouses
    • 300,000 SF
    For Lease
    View listing
    $6 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1212 Us Highway 40

    Property size
    300,000 SF
    Property type
    Warehouses
    Property subtype
    Retail properties

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.9732
    Latitude
    39.0056

    Comparable in this City

    • Value Estimation by Request
      47,740 SF

      1276 Old Highway 40

      Self storage facilities • 47,740 SF
      1276 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
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    • Value Estimation by Request
      0.86 Acres

      309 Park Ln

      Day care centers • 0.86 Acres
      309 Park Ln, Odessa, MO 64076
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    • Value Estimation by Request
      11,000 SF

      316 Old 40 Hwy

      Medical offices • 11,000 SF
      316 Old 40 Hwy, Odessa, MO 64076
      View Details
    • Value Estimation by Request
      30,000 SF

      1304 Old Highway 40

      Self storage facilities • 30,000 SF
      1304 Old Highway 40, Odessa, MO 64076
      View Details
    • Value Estimation by Request
      11,000 SF

      316 Old 40 Hwy

      Medical offices • 11,000 SF
      316 Old 40 Hwy, Odessa, MO 64076
      View Details

    Similar Nearby for Sale

    • $1,900,000
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      Odessa Multi-Use Building Investment

      High-yield multi-unit property, prime location.
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    • $1,480,000
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      Odessa Commercial Building - $1.48M

      37,000 SF Vacant Building, Multiple Uses
      1212 Us Highway 40, Odessa, MO 64076
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    • $459,900
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      Odessa, MO Commercial Property

      Multi-use building, high-traffic location.
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      Odessa Flex Space Investment

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      1304 Old Highway 40, Odessa, MO 64076
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    • $1,250,000
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      Odessa Medical Office Building For Sale

      Prime Medical Office, High Occupancy, Missouri
      316 Old 40 Hwy, Odessa, MO 64076
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    • $1,100,000
      31,060 SF

      Odessa Mixed-Use Investment Opportunity

      31,060 SF Vacant Building, High Potential
      1340 Old Highway 40, Odessa, MO 64076
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    Similar Nearby for Lease

    • $12 SF/Yr
      11,000 SF

      Odessa Medical Clinic Opportunity

      Prime Medical Office Space Available
      316 Old 40 Hwy, Odessa, MO 64076
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    • $1,250,000
      5,500 SF

      Two-Story Brick Building For Rent

      Two-story, 11,000 SF building with spaces available for rent.
      316 W Us Highway 40, Odessa, MO 64076
      View Details
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    1212 Us Highway 40
    Odessa, MO 64076
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    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.

    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
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