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    14980 NW Veterans memorial Parkway Parkway NW Wright City, MO 63390

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    Picture of Grocery and convenience stores at 14980 NW Veterans memorial Parkway Parkway NW, Wright City, MO
    For Sale
    $990,000

    Business - Wright City, MO

    Type:Business
    Property size:
    7,200 SF
    Lot size:
    4.02 Acres
    Added:
    Oct 29, 2025
    Days on Market:
    156
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for 14980 NW Veterans memorial Parkway Parkway NW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Security features
    Fire Alarm, Gated Community, Security Gate, Security Lighting, Security System, Security System Leased, Smoke Detector(s)
    Exterior features
    Fencing, Security Lights
    Fencing
    Fenced, Gate
    Standard status
    Active
    APN
    4-20.0-0-0-00-004.000.000
    Size
    7,200 SF
    Lot size
    4.02 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    4113

    Utilities

    Heating system
    Baseboard, Oil, Propane (Heating), Varies by Unit (Heating)
    Cooling system
    Electric, Multi Units, Varies by Unit, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1980
    Flooring type
    Concrete, Laminate
    Building materials
    Aluminum Siding, Concrete, Frame, Lap Siding, Metal Siding, Steel Siding, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Sharon Boyet

    Listing agent Sharon Boyet License #2011037892

    Listing office Apple Creek Realty, LLC 16 High Trail, O'Fallon, MO

    Listing date Oct 29, 2025

    MLS# 25066537 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

    Wright City Commercial Property For Sale

    This commercial property in Wright City, Missouri, features three large buildings, each with 2400 square feet, totaling 7200 square feet. The property is situated on a 4.02-acre lot at the corner of Highway 70 and Highway H. Zoned C3, the site includes security lighting, gates, and fencing. The land is flat and level. It is suitable for a restaurant, grocery store, or fast food establishment. The property is agent-owned, and the seller may consider financing.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Wright City
    County
    Warren
    State
    Missouri
    Longitude
    -91.0452908
    Latitude
    38.8277672

    Nearby Similar for Sale

    • $2,166,000

      95 Acres with Highway Frontage

      95+/- acre parcel with highway frontage near town.
      95+/- Acres State Hwy AA, Wright City, MO 63390
      View Details
    • $700,000
      8,000 SF

      Hardware & General Store Opportunity

      Profitable hardware store with real estate for sale.
      105 N Elm Avenue, Wright City, MO 63390
      View Details
    • $229,500

      Mixed-Use Property in Wright City

      Zoned C-5, suitable for residential and commercial use.
      111 W 2nd Street, Wright City, MO 63390
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Commercial property with three buildings on 4.02 acres.
    Where is this grocery and convenience store located?
    The property is located at 14980 NW Veterans memorial Parkway Parkway NW Wright City, MO.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: High‑visibility corner lot location on Hwy 70 and Hwy H.; C3 zoning suitable for restaurant, grocery store, or fast food.; Three large buildings totaling 7200 sqft.
    (314) 398-3556
    We can help!
    Listing Contact
    Sharon Boyet
    Real Estate License ID: 2011037892
    Learn More
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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
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