Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    112 N Spilman Avenue Rolla, MO 65401

    View on Map
    For Sale
    $525,000

    Unimproved Land - Rolla, MO

    Type:Unimproved Land
    Property size:
    1,764 SF
    Lot size:
    0.52 Acres
    Added:
    May 24, 2025
    Days on Market:
    313
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 112 N Spilman Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Parking features
    Driveway, Paved or Surfaced
    Standard status
    Active
    APN
    71-09-1.0-11-002-016-001.000
    Size
    1,764 SF
    Lot size
    0.52 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    2200

    Utilities

    Heating system
    Electric (Heating), Varies by Unit (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2018
    Building materials
    Brick, Metal Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Woessner

    Listing agent Michael Woessner License #1999022373

    Listing office Investment Realty, Inc. 1703 N BISHOP, Rolla, MO

    Listing date May 24, 2025

    MLS# 25030463 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Office Building in Rolla

    This updated office building offers flexibility with two separate suites that can remain divided or be combined into a single larger space. The building has 1,764 square feet and is located just one street off Hwy 63, offering solid visibility and easy access in a desirable commercial area. Situated on a 0.52 acre lot, the property is zoned C-1 and includes 12 parking spaces. It features modern interior updates. This property is located in the city and is suitable for owner use or tenant occupancy, and represents a strong investment opportunity to add to your commercial portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Car Rental Facility Meyer Bail Bonds Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rolla
    County
    Phelps
    State
    Missouri
    Longitude
    -91.77824
    Latitude
    37.945286

    Nearby Similar for Sale

    • $344,999
      4,664 SF

      Versatile Warehouse and Office Space

      4,662 sq ft building on 1.5 acres in Rolla.
      12445 State Route CC, Rolla, MO 65401
      View Details
    • $995,000
      12,626 SF

      Rustic Motel in High-Traffic Area

      Two-story, 25-room motel on 1.05 acres in Rolla, MO.
      812 S Bishop Avenue, Rolla, MO 65401
      View Details
    • $5,950,000
      8,030 SF

      Truck Wash Near I-44 Exit

      Newly constructed truck wash on 3.08 acres near I-44.
      3500 Enterprise Drive, Rolla, MO 65401
      View Details
    • $254,500
      3,092 SF

      Rolla Retail on Historic Route

      1.29-acre retail property with frontage on I-44.
      12661 Old Highway 66, Rolla, MO 65401
      View Details
    • $1,290,000
      14,816 SF

      Event Center with I-44 Frontage

      15,000 SF building on 1.36 acres with I-44 frontage.
      1701 Martin Springs Drive, Rolla, MO 65401
      View Details
    • $950,000
      25,279 SF

      Premier Equestrian Estate on 70 Acres

      State-of-the-art horse facility designed for training, boarding, and competition.
      17265 County Road 8280, Rolla, MO 65401
      View Details
    • $218,000
      2,054 SF

      Spacious Duplex on Three Acres

      Duplex with 3-bedroom units, carport, and expansion potential.
      12385 State Route CC, Rolla, MO 65401
      View Details
    • $1,900,000
      28,386 SF

      Mixed-Use Investment Property in Rolla

      Mixed-use property near Missouri S&T with office and residential units.
      1000 N Pine Street, Rolla, MO 65401
      View Details
    • $550,000
      2,160 SF

      Profitable Liquor Store in Rolla

      Liquor store with real estate and craft beer selection.
      200 E 6th Street, Rolla, MO 65401
      View Details
    • $254,500
      3,092 SF

      Historic Route 66 Commercial Property

      Iconic Route 66 property with high visibility and income potential.
      12661 Old Highway 66, Rolla, MO 65401
      View Details
    • $1,275,000
      2,100 SF

      Turnkey Restaurant Opportunity For Sale

      Fully equipped restaurant for immediate operation. Real estate included.
      1011 Kingshighway St, Rolla, MO
      View Details
    • $950,000

      Premier Equestrian Estate on 70 Acres

      State-of-the-art horse facility designed for training and competition.
      17265 County Road 8280, Rolla, MO 65401
      View Details

    FAQs

    What type of property is this?
    Office building - Updated office building with two suites, great visibility and access.
    Where is this office building located?
    The property is located at 112 N Spilman Avenue Rolla, MO.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Updated 1,764 sq ft office building with flexible suite configuration.; Located one street off Hwy 63, offering solid visibility and easy access.; Zoned C‑1, suitable for various commercial uses.
    (573) 364-8111
    We can help!
    Listing Contact
    Michael Woessner
    Real Estate License ID: 1999022373
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!