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    14852 Highway T Perryville, MO 63775

    View on Map
    Sponsored
    For Sale
    $340,000

    Business - Perryville, MO

    Type:Business
    Property size:
    2,449 SF
    Lot size:
    4.63 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 28 at 9:06 am

    Property Features for 14852 Highway T

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Security features
    Security System, Smoke Detector(s)
    APN
    15-2.0-009-000-000-001.02000
    Parking
    20
    Parking features
    Carport
    Appliances
    Freezer, Microwave, Range, Refrigerator
    Size
    2,449 SF
    Lot size
    4.63 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Ceiling Fan(s), Central Air
    Water front features
    Lake Privileges

    Building Details

    Year built
    2005
    Flooring type
    Concrete
    Building materials
    Frame, Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Tracey Hagan
    Tracey Hagan

    RE/MAX Realty Experts

    Listing agent Tracey Hagan License #2002018191

    Listing date Mar 24, 2026

    MLS# 26016685 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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Business Opportunity Near Lake

    This commercial property, formerly known as “The Spillway,” is located just outside the gates of the Lake Perry community. Built in 2005 with an addition completed in 2007, the property features two established business components. One side operates as a convenience store with gas pumps, making it an ideal stop for fuel, snacks, supplies, and essentials. The other side functions as a bar and grill, offering a welcoming space for dining, drinks, and gathering. Both areas come fully equipped with the necessary equipment. The building includes a large covered front porch. The commercial property sits on 3.09 acres, providing ample space for parking. The sale also includes a 1.54-acre Lake Perry access lot. This additional property features a 20x50 covered carport with an attached porch and storage area, along with water, sewer, and electric already in place. The property size is 2449 square feet. This property is positioned to serve the steady flow of campers, boaters, and lake visitors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Machine at The Spillway Atm Spillway Country Store Grocery & Convenience Store

    Suggested Use

    Bar & Pub Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Perryville
    County
    Perry
    State
    Missouri
    Longitude
    -90.05557948
    Latitude
    37.67015952

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    FAQs

    What type of property is this?
    Grocery and convenience store - Commercial property with convenience store, gas, bar, and grill.
    Where is this grocery and convenience store located?
    The property is located at 14852 Highway T Perryville, MO.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: - Turnkey business opportunity with established convenience store/gas station and bar/grill, fully equipped and ready to operate.; - Prime location just outside Lake Perry gates, serving a high-traffic area of boaters, campers, and lake visitors.; - Includes a 1.54-acre Lake Perry access lot with carport, porch, storage, and existing utilities (water, sewer, electric).
    (573) 768-5676
    Request Owner's contact information
    14852 Highway T Perryville, MO 63775
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    14852 Highway T
    Perryville, MO 63775
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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
    14852 Highway T Perryville, MO 63775
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    We can help!
    Listing Contact
    Tracey Hagan
    Tracey Hagan
    Real Estate License ID: 2002018191
    Learn More
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