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    318 Broadway Street Elsberry, MO 63343

    View on Map
    For Sale
    $169,900

    Office - Elsberry, MO

    Type:Office
    Property size:
    1,000 SF
    Lot size:
    0.05 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    30
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 318 Broadway Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer, Water - Instant Hot
    Standard status
    Active
    APN
    028028001011008000
    Size
    1,000 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    863

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Multi Units, Wall Unit(s)

    Building Details

    Year built
    1920
    Flooring type
    Laminate
    Building materials
    Brick, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Megan Miller
    Megan Miller

    Listing agent Megan Miller License #2004021003

    Listing office Cannon Realty, Inc. 193 N. Lincoln Drive, Troy, MO

    Listing date Mar 2, 2026

    MLS# 26011865 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

    Mixed-Use Building on Broadway

    This mixed-use building on Broadway presents an investment opportunity. The main level features approximately 1,000 square feet of retail or office space, offering storefront visibility. The upper level contains a one-bedroom apartment, with the potential for a second bedroom, and one bathroom. The apartment is currently rented under a year lease, providing immediate income. Recent updates include new flooring, fresh paint, lighting, a renovated bathroom, a new wall A/C and heating unit, updated electrical systems, windows, and doors. Within the last two years, the apartment has been updated with new kitchen cabinets, countertops, appliances, and two mini-splits for heating and cooling. The property is located in Elsberry, Missouri, in Lincoln County, and has a lot size of 0.046 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Elsberry
    County
    Lincoln
    State
    Missouri
    Longitude
    -90.783424
    Latitude
    39.165161

    Nearby Similar for Sale

    • $360,000

      Elsberry Farm with Building Sites

      24-acre farm with mature timber, pond, and multiple buildings.
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      View Details
    • $475,000
      4,224 SF

      Turn-Key Fabrication Shop For Sale

      Established fabrication shop with equipment, office, and shop space.
      960 Highway B, Elsberry, MO
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail/office space and apartment for sale.
    Where is this mixed-use property located?
    The property is located at 318 Broadway Street Elsberry, MO.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: Mixed‑use building offering retail/office space and an apartment for income potential.; Upper‑level apartment is currently rented with a year lease, providing immediate income.; Recent updates include new flooring, fresh paint, lighting, renovated bathroom, new wall A/C and heating unit, updated electrical, windows, and doors.
    (636) 358-5907
    We can help!
    Listing Contact
    Megan Miller
    Megan Miller
    Real Estate License ID: 2004021003
    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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