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    16083 Business Highway 61 New London, MO 63459

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    Claim this Listing
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    For Sale
    $539,000

    Business - New London, MO

    Type:Business
    Property size:
    6,100 SF
    Lot size:
    0.60 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 10 at 6:06 pm

    Property Features for 16083 Business Highway 61

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    081101000000201000
    Size
    6,100 SF
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2759

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2023
    Flooring type
    Concrete
    Building materials
    Foam Insulation, Frame, Steel Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Bandy

    Listing agent Mark Bandy License #2020008870

    Listing office See Real Estate 216 N. Main, Monroe City, MO

    Listing date Apr 9, 2026

    MLS# 26020448 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

    Versatile Commercial Space Near Highway

    This commercial property is located in Ralls County, Missouri, near Mark Twain Lake, with high visibility on Business Highway 61, just off Highway 61/Avenue of the Saints. Constructed in 2023, the building offers approximately 6,100 square feet of space suitable for various commercial uses. It features four 10’ x 12’ overhead doors, providing drive-through capability, and a concrete floor with a trenched drain. The property includes one finished customer restroom and four roughed-in setups for future expansion. The open-span structure is equipped with spray foam insulation and climate control, utilizing three forced-air heat pump units. The layout includes an area of approximately 40’ x 90’, suitable for warehouse or shop use, and a 50’ x 50’ area ideal for office or showroom space. Ample on-site parking is available. The property is currently used as a turnkey indoor baseball/softball training facility serving athletes across Northeast Missouri. The existing setup includes batting cages and equipment, designated training areas, 24/7-member access, and an online reservation system. The business is available for purchase separately. The property is strategically located with easy access to St. Louis, Wentzville, Moscow Mills, Troy, Bowling Green, Hannibal, and Quincy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Law Firm Restaurant Nail Salon Building Supply Daycare Center Department Store Bar & Pub Auto Repair Shop Auto Parts Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    Ralls
    State
    Missouri
    Longitude
    -91.404952
    Latitude
    39.598414

    FAQs

    What type of property is this?
    Fitness center & gym - 6,100 sq ft commercial building with excellent highway visibility.
    Where is this fitness center & gym located?
    The property is located at 16083 Business Highway 61 New London, MO.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: New construction (2023) with approximately 6,100 sq ft of versatile space.; Prime location on Business Highway 61, offering high visibility and easy access.; Equipped with four 10’ x 12’ overhead doors providing drive‑through capability and ample on‑site parking.
    (800) 748-7586
    We can help!
    Listing Contact
    Mark Bandy
    Real Estate License ID: 2020008870
    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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