Renovated Commercial Building in
608 1st St Glasgow, MO 65254
608 1st St, Glasgow, MO, 65254
$125,000
For Sale
$125,000
COMMERCIAL - Glasgow, MO
Property Size1,365 SF
Lot Size0.05 Acres
Price / SF$91.58
Days on Market194
Property Features for 608 1st St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- Size
- 1,365 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 543
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1876
- Floors in Building
- 1
- Building materials
- Brick, Block, Frame
Listing agency
Advantage Real Estate
(660) 263-3393
Listed by
Christy Ames · License #2008009039
(660) 833-5828
Added: Jan 9 Updated: May 14 at 4:24PM Checked: Jul 22 at 9:06AM
MLS# 26-15
Copyright © 2026 Randolph County Board of Realtors. 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.
Located in the heart of historic Glasgow, Missouri, along the Missouri River, this fully renovated commercial building presents an investment opportunity. The property has been extensively updated and features a new ADA-compliant front entrance. Currently, the building is leased to a retail boutique through the end of 2026. The lease is a Triple Net lease, where the tenant is responsible for taxes, insurance, and utilities. Recent improvements include a new roof, updated electrical, plumbing, and heating and cooling systems, along with additional upgrades. The property is located in Glasgow's prime commercial district. The lot size is 0.05 acres and the property size is 1365 square feet.
Key Highlights
- Turn‑key investment with immediate income from existing retail tenant under a Triple Net lease through 2026 (tenant pays taxes, insurance, and utilities).
- Fully renovated commercial building with extensive updates throughout.
- Prime location in the heart of historic Glasgow, MO, in its commercial district along the Missouri River.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $7.5k | $5.52 |
| − Vacancy | −$122 | −$0.09 |
| EGI | $7.4k | $5.43 |
| − OpEx | −$2.2k | −$1.63 |
| NOI | $5.2k | $3.80 |
1,365 SF · lease $5.52/SF/yr · vacancy 1.62% · expense 30.00%
Alternative Uses
Best Use
Retail
$74.1K
$64.9K – $86.5K
NOI $5,189 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$211.6K
$185.2K – $246.9K
NOI $14,814 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Iaa
Car Dealership
Sauced Boutique
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Turn-key commercial building in historic Glasgow, MO for sale.
Where is this storefront property located?
The property is located at 608 1st St Glasgow, MO.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Turn‑key investment with immediate income from existing retail tenant under a Triple Net lease through 2026 (tenant pays taxes, insurance, and utilities).; Fully renovated commercial building with extensive updates throughout.; Prime location in the heart of historic Glasgow, MO, in its commercial district along the Missouri River.
