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    Property profile & analytics

    309 Park Ln Odessa, MO 64076

    • Day care centers
    • 0.86 lot acres
    For Sale
    View listing
    $459,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1083083
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Day care centers

    Property Details for 309 Park Ln

    Year built
    2004
    Lot size
    0.86 lot acres
    Property type
    Day care centers
    Property subtype
    Distribution centers

    Description

    This exceptional commercial property, located at 309 E Park Lane in Odessa, Missouri, presents a compelling investment opportunity. Built in 2004, this single-story building sits on a 0.86-acre lot and offers a substantial 8,000 square feet of space. Currently occupied by four tenants, the property boasts a versatile layout suitable for a variety of uses, including warehouse and daycare/nursery operations. The building's design includes one bathroom for every 1,000 square feet, ensuring ample restroom facilities for tenants and customers. One unit features a fully equipped commercial kitchen, expanding the potential for diverse business ventures. Its prime location near I-70 provides excellent visibility and accessibility, attracting a high volume of traffic. Ample parking is available, enhancing convenience for all occupants and visitors. The asking price for this multi-tenant property is $459,900. This property is zoned for Industrial and Retail uses. The property's zip code is 64076, and it is situated in Lafayette County. This is a rare opportunity to acquire a well-located, multi-use commercial property with strong existing tenancy in a thriving Missouri market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.9469998
    Latitude
    39.0069141

    Comparable in this City

    • $1,900,000
      47,740 SF

      Odessa Multi-Use Building Investment

      High-yield multi-unit property, prime location.
      1276 Old Highway 40, Odessa, MO 64076
      View Details
    • $1,300,000
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      Retail Building with National Tenant

      Building with long-term national tenant in downtown business district.
      101 S 2Nd St, Odessa, MO 64076
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    • $1,100,000
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      Odessa Mixed-Use Investment Opportunity

      31,060 SF Vacant Building, High Potential
      1340 Old Highway 40, Odessa, MO 64076
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    • Contact for pricing

      Lake Lafayette Lot with Lake Access

      Recreational Land, Lake Privileges, $7,000
      17 Bluebird Rd, Odessa, MO 64076
      View Details
    • $900,000
      23,000 SF

      Odessa Commercial Building - $900K

      23,000 SF Mixed-Use Property, Vacant
      1232 Old, Lake Lafayette, MO 64076
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    • $1,480,000
      37,000 SF

      Odessa Commercial Building - $1.48M

      37,000 SF Vacant Building, Multiple Uses
      1212 Us Highway 40, Odessa, MO 64076
      View Details

    Similar Nearby for Sale

    • $1,900,000
      47,740 SF

      Odessa Multi-Use Building Investment

      High-yield multi-unit property, prime location.
      1276 Old Highway 40, Odessa, MO 64076
      View Details
    • $1,300,000
      0.15 Acres

      Retail Building with National Tenant

      Building with long-term national tenant in downtown business district.
      101 S 2Nd St, Odessa, MO 64076
      View Details
    • $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
      View Details
    • Contact for pricing

      Lake Lafayette Lot with Lake Access

      Recreational Land, Lake Privileges, $7,000
      17 Bluebird Rd, Odessa, MO 64076
      View Details
    • $900,000
      23,000 SF

      Odessa Commercial Building - $900K

      23,000 SF Mixed-Use Property, Vacant
      1232 Old, Lake Lafayette, MO 64076
      View Details
    • $1,480,000
      37,000 SF

      Odessa Commercial Building - $1.48M

      37,000 SF Vacant Building, Multiple Uses
      1212 Us Highway 40, Odessa, MO 64076
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
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      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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    309 Park Ln
    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.

    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
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