2102 N Outer Dr 3,700 SF Office Building Dexter, MO 63841 $695,000 ($187.84/SF) 9.76% Cap Rate

2102 N Outer Road presents a compelling investment opportunity in Dexter, Missouri, combining stable income with clear value-add potential. This Class A office property spans 3,700 square feet and sits on a 0.68-acre parcel with direct frontage along U.S. Highway 60, a major east-west corridor designated as part of the future Interstate 57. This strategic location ensures exceptional visibility, strong traffic counts, and convenient regional connectivity, positioning the asset for long-term appreciation as infrastructure improvements advance.
The property currently generates reliable cash flow through a leased office component, complemented by on-site storage units that offer significant upside through lease-up and rental optimization. At the current asking price, the asset delivers an attractive 9.76% in-place cap rate, with a pro-forma cap rate of 12.64% achievable upon stabilization of storage occupancy. This dual-income structure provides investors with a diversified revenue stream and mitigated risk profile.
Surrounded by Dexter’s primary commercial corridors, retail services, and employment centers, the property benefits from strong local demand drivers. Its immediate highway exposure and excellent ingress/egress enhance accessibility for tenants and customers alike. With future interstate designation and multiple income sources, 2102 N Outer Road is ideally suited for investors seeking immediate yield and long-term growth potential in a market poised for continued expansion.