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

    3501 W TRUMAN Boulevard Jefferson City, MO 65109

    View on Map
    Claim this Listing
    Picture of Retail space at 3501 W TRUMAN Boulevard, Jefferson City, MO
    For Sale
    $2,950,000

    COMMERCIAL - Jefferson City, MO

    Property size:
    25,110 SF
    Lot size:
    2.63 Acres
    Price / SF:
    $117/SF
    Added:
    Aug 8, 2019
    Days on Market:
    2466
    Last Refresh:
    May 8 at 2:06 pm

    Property Features for 3501 W TRUMAN Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-1
    Parking
    75
    Parking features
    Open
    Exterior features
    EIFS (Dryvit), Stone
    Standard status
    Active
    Size
    25,110 SF
    Lot size
    2.63 Acres

    Taxes and HOA fees

    Tax Year
    2018
    Tax Annual Amount
    39910

    Utilities

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

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    4
    Building materials
    Stone

    We can help!

    Listing Contact
    Darrel Gordon

    Listing agent Darrel Gordon License #1999022726

    Listing office Adam Stark Home Selling Team 2509-A Missouri Blvd., Jefferson City, MO

    Listing date Aug 8, 2019

    MLS# 10056475

    Copyright © 2026 Jefferson City Area Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Stone construction offers durability and timeless appeal.
    • Central air conditioning for year‑round comfort.
    • Built in 2004.
    • Forced air heating provides efficient warmth.
    • Electric heating available.
    • Open parking.

    Overview

    Jefferson City Retail Opportunity

    This commercial property, located in Jefferson City, Missouri, offers a total of 25,110 square feet of retail space. The property is situated on a 2.63-acre lot and is zoned C-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TROY LOETHEN Physician Dr. Randall E. ... Physician Elara Caring Home Health Care Service Sostanie Enoru, MD Physician SIMIN OVAIS Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson City
    County
    Cole
    State
    Missouri
    Longitude
    -92.249505
    Latitude
    38.590366

    Nearby Similar for Sale

    • $349,900
      3,432 SF

      Turnkey 4-Plex in Jefferson City

      Updated 4-unit apartment building with immediate cash flow.
      5216 COLLIER Court, Jefferson City, MO 65109
      View Details
    • $357,500
      3,432 SF

      Turnkey 4-Plex in Jefferson City

      Updated 4-unit apartment building with immediate cash flow.
      5217 COLLIER Court, Jefferson City, MO 65109
      View Details
    • $357,500
      3,432 SF

      Turnkey Jefferson City 4-Plex

      Fully occupied 4-unit apartment building in a strong rental location.
      5213 COLLIER Court, Jefferson City, MO 65109
      View Details
    • $480,000
      4,000 SF

      Turnkey Jefferson City Investment Opportunity

      Well-maintained 4-unit apartment building with upside potential.
      5113 DEER Ridge, Jefferson City, MO 65109
      View Details
    • $369,900
      3,432 SF

      Turnkey 4-Plex in Jefferson City

      Cash-flowing, fully managed 4-unit apartment building in a strong location.
      5121 S BROOKS Drive, Jefferson City, MO 65109
      View Details
    • $109,900
      1,629 SF

      Jefferson City Duplex: Handyman Special

      Duplex in Jefferson City, Missouri, ideal for investors.
      811 CLARK Avenue, Jefferson City, MO 65101
      View Details
    • $599,000
      5,000 SF

      Jefferson City Commercial Property For Sale

      Commercial property for sale in central Jefferson City, Missouri.
      3605 COUNTRY CLUB Drive, Jefferson City, MO 65109
      View Details
    • $1,010,000
      3,000 SF

      Retail Pad Site For Sale

      Two-tenant retail pad site with drive-thru in Jefferson City.
      3748 W Truman Blvd, Jefferson City, MO
      View Details
    • $9,065,850

      Regional Mall with National Anchors

      92% occupied regional mall with 3.5 million annual visitors.
      3600 Country Club Dr, Jefferson City, MO 65109
      View Details
    • $296,000
      6,528 SF

      Restaurant and Entertainment Venue For Sale

      Operating restaurant and entertainment venue with multiple revenue streams.
      1436 Southridge Dr, Jefferson City, MO 65109
      View Details
    • Contact for pricing

      Walgreens Retail Property For Sale

      Corporate Walgreens with 20+ year operating history and low rent.
      3740 W Truman Blvd, Jefferson City, MO 65109
      View Details
    • Contact for pricing

      Retail Pad Near Capital Mall

      Two-tenant retail pad leased to Jimmy John’s and Sport Clips.
      3750 W Truman Blvd, Jefferson City, MO 65109
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail property for sale in Jefferson City, Missouri.
    Where is this retail space located?
    The property is located at 3501 W TRUMAN Boulevard Jefferson City, MO.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Stone construction offers durability and timeless appeal.; Central air conditioning for year‑round comfort.; Built in 2004.
    (573) 761-3301
    We can help!
    Listing Contact
    Darrel Gordon
    Real Estate License ID: 1999022726
    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
    3501 W TRUMAN Boulevard, Jefferson City, MO 65109
    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!