Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1606 Baltimore Street Kirksville, MO 63501

    View on Map
    Claim this Listing
    For Sale
    $979,000

    Commercial Sale - Kirksville, MO

    Added:
    Nov 21, 2025
    Days on Market:
    166
    Last Refresh:
    May 6 at 7:06 pm

    Property Features for 1606 Baltimore Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HEAVY INDU
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    3161.45

    Utilities

    Heating system
    See Remarks (Heating)

    Building Details

    Year built
    1941
    Floors in Building
    1
    Flooring type
    Other
    Building materials
    Other
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Kim Keyes
    Kim Keyes

    Listing agent Kim Keyes

    Listing office Anew Realty Group LLC 511 S. Baltimore, Kirksville, MO

    Listing date Nov 21, 2025

    MLS# 37002 Listing URL

    Copyright © 2026 Northeast Central Board of Realtors - MO. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive 4.5‑acre property.
    • Strategic location with maximum visibility and accessibility.
    • Versatile space suitable for retail, office, or entertainment.
    • Limitless possibilities for growth and prosperity.
    • Located in a highly sought‑after area.
    • Year Built: 1941

    Overview

    Prime Commercial Land Opportunity

    This commercial property, situated on 4.5 acres, is located in Kirksville, MO. The property is zoned for heavy industrial use. Its location offers visibility and accessibility. The property is suitable for establishing a retail store, office complex, or entertainment hub.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kirksville
    County
    Adair
    State
    Missouri
    Longitude
    -92.580303
    Latitude
    40.208849

    Nearby Similar for Sale

    • $560,500
      12,800 SF

      Kirksville Office Space Opportunity

      12,000 SF office space near medical center and colleges.
      2000 Laharpe Street, Kirksville, MO 63501
      View Details
    • $799,000

      Kirksville Commercial Property For Sale

      Two buildings with office, truck bays, storage, and loading dock.
      18062 Round Barn Way, Kirksville, MO 63501
      View Details
    • $849,000

      Kirksville Restaurant For Sale

      6,000 SF restaurant with 74 parking spots.
      2910 Baltimore Street, Kirksville, MO 63501
      View Details
    • $799,000

      Kirksville Commercial Property for Sale

      Versatile commercial space suitable for retail, service providers, or storage.
      3003 Baltimore Street, Kirksville, MO 63501
      View Details
    • $194,900

      Commercial Building on Large Lot

      Commercial building on 1.2 acre lot with auto bay.
      906 Shepherd, Kirksville, MO 63501
      View Details
    • $625,000

      Highway Commercial Property on 1.4 Acres

      Commercial property on Highway 63, Kirksville, Missouri.
      4414 Baltimore Street, Kirksville, MO 63501
      View Details
    • $850,000

      Kirksville Commercial Building For Sale

      25,000 SF commercial building suitable for single or multi-tenant use.
      420 Baltimore Street, Kirksville, MO 63501
      View Details
    • $499,000

      Highway 63 Development Opportunity

      2.5 acres on Highway 63 ready for development.
      3002 Baltimore Street, Kirksville, MO 63501
      View Details
    • $499,000

      Kirksville Commercial Land For Sale

      5.5 acre commercial lot with development potential in Kirksville.
      3006 Baltimore Street, Kirksville, MO 63501
      View Details
    • $259,900

      Kirksville Office Building For Sale

      Commercial office building on a corner lot in Kirksville.
      1821 Baltimore Street, Kirksville, MO 63501
      View Details
    • $240,000
      2,300 SF

      Kirksville Mixed-Use Property For Sale

      Well-maintained property near universities with commercial zoning and expansion potential.
      606 S Franklin Street, Kirksville, MO 63501
      View Details
    • $420,913

      Kirksville Acreage on Highway 11

      56+/- acres near Kirksville, MO, ideal for home or investment.
      000 Black Hawk Way, Kirksville, MO 63501
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.5-acre commercial property in a sought-after Kirksville location.
    Where is this commercial land located?
    The property is located at 1606 Baltimore Street Kirksville, MO.
    What is the asking price?
    The asking price for this property is $979,000.
    What are key features of this property?
    This property features: Expansive 4.5‑acre property.; Strategic location with maximum visibility and accessibility.; Versatile space suitable for retail, office, or entertainment.
    (660) 626-3920
    We can help!
    Listing Contact
    Kim Keyes
    Kim Keyes
    Real Estate License ID: 1999057694
    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

    Thank You for Inquiry
    1606 Baltimore Street, Kirksville, MO 63501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!