Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1241 Ashley Rd Boonville, MO 65233

    Sponsored
    Picture of Motels at Ashley Rd 1241, Boonville, MO
    For Sale
    Pending
    $375,000

    COMMERCIAL - Boonville, MO

    Days on Market:
    38
    Last Refresh:
    Jan 21 at 4:06 am

    Property Features for 1241 Ashley Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Commercial

    We can help!

    Listing Contact
    Mitch Leonard

    Leonard Realty LLC DBA Central Realty (660) 882-3545 [email protected]

    Listing agent Mitch Leonard (660) 882-3545 License #2003003122

    Listing date Dec 15, 2025

    Copyright © 2025 Central Missouri Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Highway Frontage Investment Property

    This commercial property, located in Boonville, Missouri, presents a potential investment opportunity with highway frontage. The property includes 18 units in addition to manager's quarters. It benefits from quick access to Interstate 70, a casino, the downtown area, and shopping venues. The lot size is 1.73 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Wholesale Shop Daycare Center

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

    Similar Places Nearby

    Quality Inn & Suites Boonville - Columbia

    Location Insight

    • Map
    • Local Demand
    City
    Boonville
    County
    Cooper
    State
    Missouri
    Longitude
    -92.760297
    Latitude
    38.957566

    Nearby Similar for Sale

    • $968,500

      Boonville Historic High Street Package

      Turn-key B&B package near Hotel Frederick and Katy Trail.
      513 High St, Boonville, MO 65233
      View Details
    • $139,500
      Pending

      Historic Downtown Boonville Commercial Building

      Two-story brick building with commercial kitchen in prime location.
      225 Main St, Boonville, MO 65233
      View Details
    • New
      $275,000
      Pending

      Mixed-Use Building in Downtown Boonville

      Mixed-use property with income potential in a booming downtown area.
      219 Main St, Boonville, MO 65233
      View Details
    • $2,900,000

      Versatile Commercial Facility in Boonville

      21,340 SF facility on 3.62 acres, endless potential.
      1507 Ashley Rd, Boonville, MO 65233
      View Details
    • $600,000

      Versatile Freestanding Facility For Sale

      8,930 SF facility with shop space, office, and overhead doors.
      1510 Radio Hill Rd, Boonville, MO 65233
      View Details
    • $175,000

      Historic Commercial Building, Boonville

      Historic downtown commercial building with renovation opportunity in Boonville, Missouri.
      308 Main St, Boonville, MO 65233
      View Details
    • $375,000

      Income Property on State Highway

      Income-producing property with units, office, laundry, and large parking.
      610 Ashley Rd, Boonville, MO 65233
      View Details
    • $115,000
      1.11 Acres

      Boonville Commercial Land - Highway Frontage

      1.11 Acres, Zoned C-P, Great Potential
      385 Ashley Rd, Boonville, MO 65233
      View Details
    • $1,000,000
      50,000 SF

      Boonville Industrial Park Gem

      50,000 SF Industrial Space, 8.73 Acres
      2415 Mid-America Industrial Dr, Boonville, MO 65233
      View Details
    • $165,000
      1,800 SF

      316 6Th St

      Retail properties • 1,800 SF
      316 6Th St, Boonville, MO 65233
      View Details

    FAQs

    What type of property is this?
    Motel - Commercial property with 18 units plus manager's quarters.
    Where is this motel located?
    The property is located at 1241 Ashley Rd Boonville, MO.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 18 Units Plus Manager's Quarters; - Highway Frontage offers excellent visibility; - Great Investment Property
    (660) 888-1679
    Request Owner's contact information
    1241 Ashley Rd Boonville, MO 65233
    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.
    1241 Ashley Rd
    Boonville, MO 65233
    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
    1241 Ashley Rd Boonville, MO 65233
    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

    We can help!
    Listing Contact
    Mitch Leonard
    Real Estate License ID: 2003003122
    (660) 888-1679
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.