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    Versatile Mixed-Use Commercial Property Title is generated by Realmo AI

    935 S Jefferson Avenue, Lebanon, MO 65536

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    For Sale
    $450,000

    Retail - Lebanon, MO

    Type:Retail
    Property size:
    6,878 SF
    Lot size:
    0.65 Acres
    Price / SF:
    $65/SF
    Added:
    Apr 7, 2026
    Days on Market:
    46
    Last Refresh:
    May 22 at 5:06 am

    Property Features for 935 S Jefferson Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    13-1.0-11-004-009-019.01
    Size
    6,878 SF
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5453

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1984
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Drake Cole

    Listing agent Drake Cole License #2026008909

    Listing office RE/MAX Next Generation 440 W Elm St, Lebanon, MO

    Listing date Apr 7, 2026

    MLS# 26018877 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

    • High‑visibility location in the center of town.
    • Spacious shop area with multiple service bays and high ceilings.
    • Versatile space suitable for office, automotive, mechanical, or light industrial uses.
    • Convenient on‑site parking and excellent accessibility.
    • Abundant natural light in the front office area.
    • Opportunity to add value or customize the property.

    Overview

    This mixed-use commercial property is located in the center of town, offering high visibility. The property includes a front office featuring a reception area and large windows that provide natural light. Adjacent to the office is a shop area equipped with multiple service bays, high ceilings, and ample workspace. This layout is designed to accommodate automotive, mechanical, or light industrial uses, providing flexibility for various business types. The property offers on-site parking and accessibility for clients and deliveries. Situated on a 0.65-acre lot, the property encompasses a total of 6,878 square feet. This property presents an opportunity for owner-users or investors to add value or customize it to specific needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Budget Truck Rental Car Rental Facility Cole N Sons ... Auto Repair Shop

    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
    Lebanon
    County
    Laclede
    State
    Missouri
    Longitude
    -92.654229
    Latitude
    37.671802

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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility mixed-use property with office and shop areas.
    Where is this mixed-use property located?
    The property is located at 935 S Jefferson Avenue Lebanon, MO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High‑visibility location in the center of town.; Spacious shop area with multiple service bays and high ceilings.; Versatile space suitable for office, automotive, mechanical, or light industrial uses.
    (417) 322-0966
    We can help!
    Listing Contact
    Drake Cole
    Real Estate License ID: 2026008909
    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.

    More about this property
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