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    For Sale (14)

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    Residential Lot in Olympian Village
    Contact for pricing
    0.36 Acres

    Residential Lot in Olympian Village

    Corner lot ready for custom home or manufactured investment property.

    2812 Parthenon Dr, De Soto, MO 63020
    View details
    Festus Land with Builder Potential
    $150,300
    10.02 Acres

    Festus Land with Builder Potential

    10.02 acre lot perfect for countryside living near St. Louis.

    22 Hematite Farms Rd, Festus, MO 63028
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    10-Acre Wooded Land Parcel
    $140,280
    10.02 Acres

    10-Acre Wooded Land Parcel

    10.02 acres of wooded land with open pasture.

    6 Lot Hematite Farms Rd, Festus, MO 63028
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    Residential Land in Festus, MO
    $152,320
    10.88 Acres

    Residential Land in Festus, MO

    10.88-acre lot in Festus School District.

    5 Lot Hematite Farms Rd, Festus, MO 63028
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    40 Acres of Raw Land
    $220,000
    40.00 Acres

    40 Acres of Raw Land

    Pristine 40-acre land parcel with marketable timber near Potosi.

    10188 Cannon Holler Rd, Potosi, MO 63664
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    Versatile Land in Macomb, Missouri
    $140,000
    18.00 Acres

    Versatile Land in Macomb, Missouri

    18 acres of open and wooded land, ideal for various uses.

    Hall Rd, Macomb, MO 65702
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    Renovated Commercial Building in Cape Girardeau
    $239,900
    2,937 SF

    Renovated Commercial Building in Cape Girardeau

    Renovated commercial building with high visibility in a prime location.

    230 N Sprigg St, Cape Girardeau, MO 63701
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    Residential Lot in Cedar Hill
    $39,000
    0.55 Acres

    Residential Lot in Cedar Hill

    Build-ready lot with public utilities in a peaceful setting.

    6637 Timberland Dr, Cedar Hill, MO 63016
    View details
    Versatile Commercial Property in Arnold
    $2,100,000
    18,999 SF

    Versatile Commercial Property in Arnold

    18,999 Sq Ft commercial building on 1.22 acres.

    4400 Jeffco Blvd, Arnold, MO 63010
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    Cape Girardeau Duplex on Corner Lot
    $249,900
    2,016 SF

    Cape Girardeau Duplex on Corner Lot

    All-brick duplex with basements and new windows, close to downtown.

    3-5 N Henderson Ave, Cape Girardeau, MO 63701
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    Land in Festus School District
    $152,320
    10.88 Acres

    Land in Festus School District

    10.88-acre lot ideal for hunting or building a home.

    4 Lot Hematite Farms Rd, Festus, MO 63028
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    Festus Land with Creek
    $141,400
    10.10 Acres

    Festus Land with Creek

    10.10-acre lot in Festus School District with creek.

    1 Lot Hematite Farms Rd, Festus, MO 63028
    View details
    Former VFW Post For Sale
    $70,000
    0.43 Acres

    Former VFW Post For Sale

    Commercial building in Elsberry, Missouri, ready for renovation.

    402 S 2Nd St, Elsberry, MO 63343
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    Renovated Commercial Building on Sprigg
    $239,900
    2,937 SF

    Renovated Commercial Building on Sprigg

    Renovated commercial space with high visibility and income potential.

    230 N Sprigg St, Cape Girardeau, MO 63701
    View details

    For Lease (2)

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    Renovated Commercial Space For Lease
    $2,500 / Mo
    2,937 SF

    Renovated Commercial Space For Lease

    Renovated commercial space with high visibility in a prime location.

    230 N Sprigg St, Cape Girardeau, MO 63701
    View details
    Retail Space in Cape Girardeau
    $12 SF/Yr
    2,937 SF

    Retail Space in Cape Girardeau

    Retail space available for rent in Cape Girardeau, Missouri.

    230 N Sprigg St, Cape Girardeau, MO 63701
    View details

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    Request Owner's contact information
    Main Key Realty, LLC
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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
    Main Key Realty, LLC
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