703 12th St Lamar, MO 64759-1705
This 2,400 square foot commercial building is ideally situated on US Highway 160 in Lamar, Missouri, offering excellent visibility and accessibility. The property features a well-designed layout perfect for a variety of businesses. The building includes two offices, a welcoming reception area, a comfortable client lounge, and a convenient kitchen. A full bathroom with a shower is also included for employee and client use. A significant portion of the building, over 1400 square feet, is dedicated to a shop or warehouse area, equipped with three overhead doors for easy loading and unloading of goods. This space is highly adaptable and could suit various operational needs. It's important to note that the building is situated on leased land. However, the current lessor has indicated a willingness to renew the lease, providing long-term stability for the prospective buyer. This presents a unique opportunity to acquire a well-maintained commercial property in a high-traffic location at an attractive price point, making it an excellent investment for entrepreneurs and business owners seeking a ready-to-use space. The building's versatile design and prime location combine to create a compelling opportunity for growth and success. Serious inquiries are encouraged.
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.