4024 Hwy 221 Farmington, MO 63640-7817
This exceptional commercial property, located at 4024 Highway 221 in Farmington, Missouri, presents a lucrative investment opportunity. The 0.83-acre lot boasts a prime location with significant road frontage in a high-traffic area, ensuring excellent visibility and accessibility for potential tenants. Currently featuring 28 well-maintained storage units, this property offers immediate income generation. The existing infrastructure provides a solid foundation for continued success, while the available space allows for expansion of the existing storage units or the development of additional commercial ventures. This versatility makes it an ideal investment for both seasoned investors and those seeking a strong entry point into the commercial real estate market. The property's strategic location and potential for growth make it a highly desirable asset in a thriving commercial area. The substantial road frontage ensures high visibility, attracting a large customer base. This is a rare opportunity to acquire a well-established commercial property with significant upside potential in a dynamic market. The existing storage units provide a stable income stream, while the ample space offers flexibility for future development and expansion. Don't miss this chance to own a piece of Farmington's commercial landscape. The asking price is $249,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.