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
    The Largest CRE Database in the US with Over 1 Million Listings

    301 S Main St Kennett, MO 63857

    Sponsored
    For Sale
    $210,000

    Commercial Sale, Other - Kennett, MO

    Property size:
    8,000 SF
    Days on Market:
    15
    Last Refresh:
    Feb 24 at 5:06 pm

    Property Features for 301 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Bathroom 1, Bedroom 1
    Bedrooms
    1
    Bathrooms
    1
    Size
    8,000 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Tina Privett

    American Elite Realty (573) 888-5373

    Listing agent Tina Privett (573) 888-5373

    Listing date Feb 10, 2026

    MLS# 16615 Listing URL

    Copyright © 2026 Southeast Missouri Real Estate. 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

    Downtown Commercial Property with Income

    This updated commercial property is located on the downtown square in Kennett, Missouri. The property offers over 8,000 square feet of space, configured as two suites. Each suite includes 3-5 office areas, along with 2 individual offices or retail areas. The layout also provides space suitable for warehousing or a reception area. The property is currently income-producing with existing leases, offering room for income growth. It also presents an opportunity for owner occupancy. The location provides great downtown exposure and access to public parking. The building features central heat and air, a newer roof, and updated electrical systems. It offers immediate income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennett
    County
    Dunklin
    State
    Missouri
    Longitude
    -90.056849
    Latitude
    36.239477

    Nearby Similar for Sale

    • $150,000
      4,000 SF

      Kennett Commercial Property on Highway

      Commercial property on State Hwy 25 with high traffic.
      902 Independence Ave, Kennett, MO 63857
      View Details
    • $97,500
      1,440 SF

      Kennett Commercial Building For Sale

      Commercial building with lobby, office, and warehouse space.
      1802 Independence Ave, Kennett, MO 63857
      View Details
    • $375,000
      5,658 SF

      Kennett, MO Commercial Property

      Commercial property in a prime location with highway frontage.
      215 South By Pass, Kennett, MO 63857
      View Details
    • $250,000
      0.37 Acres

      Kennett, MO Commercial Opportunity

      Commercial building and house in high-traffic Kennett, Missouri location.
      600 Eleanor St, Kennett, MO 63857
      View Details
    • $150,000
      3,000 SF

      Commercial Shop Building on Highway

      3,000 SF metal shop building on State Highway 25.
      904 Independence Ave, Kennett, MO 63857
      View Details
    • $265,000
      5,184 SF

      Mixed-Use Income Property, Kennett, MO

      Multi-income property with retail, residential, and redevelopment potential.
      107 N Main St, Kennett, MO 63857
      View Details
    • $225,000

      Kennett, MO Commercial Property

      Two-story commercial property in high-traffic retail corridor with redevelopment potential.
      101 N Main St, Kennett, MO 63857
      View Details
    • $225,000
      1,920 SF

      Retail Investment in High-Traffic Area

      Two-story retail building with conversion potential in Kennett, Missouri.
      105 N Main St, Kennett, MO 63857
      View Details
    • Contact for pricing

      Medic One Facility For Sale

      NNN leased Medic One facility with minimal landlord obligations.
      1095 Commerce Dr, Kennett, MO 63857
      View Details
    • $80,000
      0.61 Acres

      Kennett Commercial Property For Sale

      Former bar on corner lot, prime commercial space.
      409 E 2Nd St, Kennett, MO 63857
      View Details
    • $8,165,000

      Bootheel Plaza: Walmart Shadow Anchor

      126,118 SF Shopping Center, Value-Add Opportunity
      1740 1St St, Kennett, MO 63857
      View Details
    • $145,000
      0.10 Acres

      Kennett Square Commercial Property

      Restaurant Space, Immediate Cash Flow
      100 College St, Kennett, MO 63857
      View Details

    FAQs

    What type of property is this?
    Office space - Updated commercial property with income potential in downtown Kennett, MO.
    Where is this office space located?
    The property is located at 301 S Main St Kennett, MO.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: - Prime downtown square location with great exposure and public parking.; - Substantial 8,000 sq ft commercial space with flexible layout.; - Immediate income potential with existing leases and growth opportunities.
    (573) 888-5373
    Request Owner's contact information
    301 S Main St Kennett, MO 63857
    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.
    301 S Main St
    Kennett, MO 63857
    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
    301 S Main St Kennett, MO 63857
    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
    Tina Privett
    (573) 888-5373 8885373
    Learn more
    Google sign-in failed. Please try again or use another login method.