Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    704 N Bishop Avenue Rolla, MO 65401

    View on Map
    Claim this Listing
    For Lease
    $7,500 /Mo

    Commercial Lease - Rolla, MO

    Lot size:
    0.61 Acres
    Added:
    Sep 26, 2025
    Days on Market:
    206
    Last Refresh:
    Apr 19 at 5:06 pm

    Property Features for 704 N Bishop Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    71-09-1.0-11-002-003-005.000
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    0

    Building Details

    Year built
    1985
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Woessner

    Listing agent Michael Woessner License #1999022373

    Listing office Investment Realty, Inc. 1703 N BISHOP, Rolla, MO

    Listing date Sep 26, 2025

    MLS# 25065890 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

    High-Traffic Commercial Land in Rolla

    This 0.61 acre property is located in a high-traffic area and is surrounded by established businesses, offering visibility and accessibility. The site is zoned C-1 & C-2, providing opportunities for development. The owner is open to removing the existing building to accommodate a new project. The lease is offered at $7,500 per month on a triple net ground lease basis. The property is located in Rolla, Missouri, in Phelps County. The property is located at 704 N Bishop Avenue. The property delivers flexibility and potential in a desirable commercial corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chauvin Coffee Big Box & Wholesale Store Giddy Goat Coffee ... Cafe & Coffee Shop LibertyX Bitcoin ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rolla
    County
    Phelps
    State
    Missouri
    Longitude
    -91.7770005
    Latitude
    37.9497942

    Nearby Similar for Lease

    • Contact for pricing

      Commercial Land Lease Opportunity

      1.2 acres in high-traffic area, ideal for development.
      1020 Kingshighway Street, Rolla, MO 65401
      View Details
    • Contact for pricing

      Versatile Commercial Space in Rolla

      Adaptable 21,000 sq ft commercial space near Hwy 72.
      1100 E Hwy 72, Rolla, MO 65401
      View Details
    • Contact for pricing

      Commercial Land on Kingshighway

      Prime commercial land for lease in high-traffic Rolla location.
      1014 Kingshighway Street, Rolla, MO 65401
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Prime commercial land for lease in high-traffic Rolla location.
      626 Bishop Avenue S, Rolla, MO 65401
      View Details
    • Contact for pricing

      Retail Space in Prime Location

      Retail space near Missouri S&T and high-traffic area.
      201 S Bishop Ave, Rolla, MO
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease with excellent visibility.
      2004 N Bishop Ave, Rolla, MO
      View Details
    • Contact for pricing

      Former Staples Retail Space Available

      24,049 SF retail space centrally located near Walmart.
      615 S Bishop Ave , Rolla, MO
      View Details
    • Contact for pricing

      Retail Space on Kingshighway Street

      Retail space for rent on Kingshighway Street in Rolla.
      1020 Kingshighway Street, Rolla, MO 65401
      View Details
    • Contact for pricing

      Retail Space Near Walmart

      3,800 SF retail space centrally located near Walmart.
      603 S Bishop Ave, Rolla, MO
      View Details
    • $7/mo

      Redeveloped Retail Space in Rolla

      Redeveloped retail space with open floor plan and dock.
      1001-1007 S Bishop Ave, Rolla, MO
      View Details
    • $75,503/mo

      Commercial Land on High-Traffic Highway

      Commercially zoned land for lease in high-traffic area.
      626 S Bishop Ave, Rolla, MO 65401
      View Details
    • Contact for pricing

      Prime Retail Space Near Walmart

      Retail space near Walmart and Missouri S&T campus.
      901-903 Strobach St, Rolla, MO
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.61 acre commercial land in high-traffic area for lease.
    Where is this commercial land located?
    The property is located at 704 N Bishop Avenue Rolla, MO.
    What is the lease rate?
    The lease rate is $7,500 /Mo.
    What are key features of this property?
    This property features: High‑traffic location with outstanding visibility and accessibility.; Versatile development opportunities due to C‑1 & C‑2 zoning.; Owner willing to remove existing building to accommodate new construction.
    (573) 364-8111
    We can help!
    Listing Contact
    Michael Woessner
    Real Estate License ID: 1999022373
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!