Brick Flex Space with
For Sale
$425,000
333 N Main Street, Cape Girardeau, MO 63701
Commercial Sale, Cape Girardeau, MO
Property Size3,800 SF
Lot Size0.25 Acres
Price / SF$111.84
Days on Market30
Property Features for 333 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
16-720-00-04-00700-0000
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
995
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1898
Building materials
Brick
Listing Agency:
EDGE Realty ERA Powered
(573) 335-8111
Listed By:
Jacob Fish · License #2010013545
(573) 450-3791
Added: Aug 6
Changed: Aug 19
Last Checked: Sep 4 at 8:06AM
MLS# 26050457
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.
Investment Insights
Based on property information with market context.
Built in 1898, this brick flex property combines approximately 6,000 square feet of warehouse space with 3,800 square feet of finished office area. The building is supported by forced-air heating and central air conditioning, with a layout that accommodates both operational and customer-facing functions.
Located at 333 N Main Street in downtown Cape Girardeau, the property is near the casino and occupies approximately 0.253 acres. The existing configuration is positioned for a range of commercial concepts identified for the site, including restaurant, brewery, bar, entertainment, manufacturing, distribution, office, and mixed-use operations.
Located at 333 N Main Street in downtown Cape Girardeau, the property is near the casino and occupies approximately 0.253 acres. The existing configuration is positioned for a range of commercial concepts identified for the site, including restaurant, brewery, bar, entertainment, manufacturing, distribution, office, and mixed-use operations.
Key Highlights
- Approximately 6,000 square feet of warehouse space
- 3,800 square feet of finished office space
- Brick construction with 1898 year built
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,501
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$590,020
$590.0K
Cap Rate 7%
$421,443
$421.4K
Cap Rate 9%
$327,789
$327.8K
Market Conditions
NOI Build-Up for 3,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.8K $9.96/SF
− Vacancy
−$3.1K −$0.83/SF
EGI
$34.7K $9.13/SF
− OpEx
−$5.2K −$1.37/SF
NOI
$29.5K $7.76/SF
Area
Cape Girardeau County, MO
Vacancy
8.30%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$590,020
Cap Rate 7%
$421,443
Cap Rate 9%
$327,789
Alternative Uses
Best Use
Office B
$744.2K
$651.1K – $868.2K
NOI $52,091 @ 7.0% cap · market cap 12.26%
Second Best
Warehouse
$421.4K
$368.8K – $491.7K
NOI $29,501 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,918 @ 7.0% cap · market cap 19.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 63701, MO
39,246
Population
17,834
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
132.7 sq mi
ZIP Area
296
Density / Sq Mi
$67,904
Median Household Income
$32,655
Median Earnings
$863
Median Rent
$209,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Munchbox — 632 Broadway St, Cape Girardeau, MO 63701
- Chartwells — 1 University Plaza # 257, Cape Girardeau, MO 63701
Frequently Asked Questions
What type of property is this?
Flex space - Brick commercial property combining warehouse capacity and finished offices in a downtown Cape Girardeau setting.
Where is this flex space located?
The property is located at 333 N Main Street Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 6,000 square feet of warehouse space; 3,800 square feet of finished office space; Brick construction with 1898 year built
