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    706 N Main St Gravois Mills, MO 65037

    Sponsored
    For Sale
    $729,000

    SINGLE_FAMILY - Gravois Mills, MO

    Type:Office
    Property size:
    6,112 SF
    Lot size:
    0.46 Acres
    Days on Market:
    69
    Last Refresh:
    Jan 31 at 4:06 pm

    Property Features for 706 N Main St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    204019400001009000
    Size
    6,112 SF
    Lot size
    0.46 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    1979
    Building materials
    MetalSiding

    We can help!

    Listing Contact
    PEGGY LYNN ALBERS
    PEGGY LYNN ALBERS

    Albers Real Estate Advisors (573) 693-7000

    Listing agent PEGGY LYNN ALBERS (573) 693-7000 License #2015037742

    Listing date Nov 24, 2025

    MLS# 3582337

    Copyright © 2026 Bagnell Dam Association 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.

    Learn more

    Property Insight Report

    Overview

    Renovated Commercial Property with Showroom

    This 12,000 sqft commercial property is situated on two commercial-zoned lots. The building footprint is approximately 60' x 100'. The upper 6,000 sqft area features a showroom or office space with a separate entry, commercial door and window, overhead door, and plumbing for a full bathroom. The lower 6,000 sqft area provides warehouse or workshop space with two overhead doors, plumbing for a half bathroom, and walk-out access. The property has been fully renovated inside and out, including fresh paint, a new ADA-compliant ramp and restrooms, modern LED lighting, new ceiling fans, and new double commercial doors. A new elastomeric roof coating, exterior siding paint, and awnings were completed in 2024. The building is equipped with a high-efficiency multi-head mini-split HVAC system (2025) and two functional furnace systems for backup heat. Security features include a new 16-camera wired system with color night vision and audio. The property includes a large 8'x12' commercial sign, new landscaping, and ample parking. The property has been surveyed and corners marked. It is ideal for retail, showroom, or warehouse use in a high-traffic location. The property size is 6,112 square feet and the lot size is 0.46 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Gravois Mills
    County
    Morgan
    State
    Missouri
    Longitude
    -92.843669
    Latitude
    38.210114

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    FAQs

    What type of property is this?
    Office space - Turn-key 12,000 sqft commercial property ideal for retail/warehouse.
    Where is this office space located?
    The property is located at 706 N Main St Gravois Mills, MO.
    What is the asking price?
    The asking price for this property is $729,000.
    What are key features of this property?
    This property features: - Prime commercial location with exceptional visibility and high-traffic access.; - Fully renovated inside and out, including new ADA-compliant features, modern LED lighting, and a new roof coating (2024).; - **12,000 sqft property with separate 6,000 sqft showroom/office and 6,000 sqft warehouse/workshop spaces.**
    (573) 569-8792
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    706 N Main St Gravois Mills, MO 65037
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    Gravois Mills, MO 65037
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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.

    More about this property
    706 N Main St Gravois Mills, MO 65037
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    We can help!
    Listing Contact
    PEGGY LYNN ALBERS
    PEGGY LYNN ALBERS
    Real Estate License ID: 2015037742
    (573) 569-8792
    Learn more
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