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    O'Fallon Retail Ready for Occupancy Title is generated by Realmo AI

    402 Sonderen Street, O Fallon, MO 63366

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    Picture of Grocery and convenience stores at 402 Sonderen Street, O Fallon, MO
    For Lease
    $6,667/Mo $16 SF/Yr (calc)

    Retail - O'Fallon, MO

    Type:Retail
    Property size:
    5,000 SF
    Lot size:
    2.69 Acres
    Added:
    May 12, 2026
    Days on Market:
    1
    Last Refresh:
    May 12 at 8:06 pm

    Property Features for 402 Sonderen Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Paved or Surfaced
    Standard status
    Active
    APN
    2-056B-S028-00-0056.0000000
    Size
    5,000 SF
    Lot size
    2.69 Acres

    Building Details

    Year built
    1965
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Chad Wilson
    Chad Wilson

    Listing agent Chad Wilson License #2009011945

    Listing office Keller Williams Realty West 111 Ungerboeck Park, St. Charles, MO

    Listing date May 12, 2026

    MLS# 26028614 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.

    HighLights

    • Turn‑key liquor store opportunity with option to purchase existing inventory.
    • Located in O’Fallon, ranked #1 Best Place to Live in Missouri for 2025.
    • New roof and gutters (2024) and new HVAC system (2025).
    • High‑traffic location with excellent visibility near O’Fallon Bowling and Interruption Public House and Brewery.
    • Includes two walk‑in coolers (13' x 11' display and 20' x 14' storage).
    • Convenient access to I‑70 and Hwy 364.

    Overview

    This standalone building in O'Fallon, Missouri, presents a retail opportunity suitable for immediate takeover. The property, located in a high-traffic corridor, offers visibility and customer exposure, adjacent to O’Fallon Bowling and the upcoming Interruption Public House and Brewery. It is less than 1/2 mile from the intersection of Mexico Rd & Hwy K, with access to I-70 and Hwy 364. The property features a functional layout that includes an open sales floor, a 13' x 11' display cooler, a 20' x 14' storage cooler, a storage room, and one restroom. The building has a new roof and gutters installed in 2024, plus a new HVAC system planned for 2025, and updated lighting. The property is situated on a 2.69-acre lot. The building has 5000 square feet of space. The location is suited for owner-users or investors seeking a prime retail location. The property is suitable for a liquor store, with the option to purchase existing inventory. O'Fallon was ranked the #1 Best Place to Live in Missouri for 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    M & S Package ... (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    O Fallon
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.6945131
    Latitude
    38.8064315

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    FAQs

    What type of property is this?
    Grocery and convenience store - Turn-key retail location in O'Fallon, Missouri, ready for immediate takeover.
    Where is this grocery and convenience store located?
    The property is located at 402 Sonderen Street O Fallon, MO.
    What is the lease rate?
    The lease rate is $6,667 /Mo.
    What are key features of this property?
    This property features: Turn‑key liquor store opportunity with option to purchase existing inventory.; Located in O’Fallon, ranked #1 Best Place to Live in Missouri for 2025.; New roof and gutters (2024) and new HVAC system (2025).
    (636) 229-8743
    We can help!
    Listing Contact
    Chad Wilson
    Chad Wilson
    Real Estate License ID: 2009011945
    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.

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