Fenced Storefront
New
For Sale
$2,500,000
10 S Spanish St, Cape Girardeau, MO 63703
The interior includes central air, electric forced-air heating, and a range of household appliances.
Property Size14,436 SF
Days on Market2
Property Features for 10 S Spanish St
General Information
Standard status
Active
Size
14,436 SF
Property subtype
Special Purpose
Building Details
Building Size
14,436 SF
Listed By:
Matt Huber · License #MO #2023031239
(573) 510-3993
Source:
Lorimont
Added: Oct 11
Last Checked: Oct 11 at 2:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matt Huber
Investment Insights
Based on property information with market context.
This storefront property at 10 S Spanish Street in Cape Girardeau, Missouri, has central air and electric forced-air heating. Interior features include ceiling fans and an exhaust fan, along with a dishwasher, disposal, microwave, electric range, refrigerator, washer and dryer, and electric water heater.
The exterior is fenced and has a gate and security features. Showing appointments must be arranged through the sellers' agents.
The exterior is fenced and has a gate and security features. Showing appointments must be arranged through the sellers' agents.
Key Highlights
- Fenced exterior with gate and security features
- Central air and electric forced‑air heating
- Includes dishwasher, disposal, microwave, electric range, refrigerator, and washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,123
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,662,460
$2.7M
Cap Rate 7%
$1,901,757
$1.9M
Cap Rate 9%
$1,479,144
$1.5M
Market Conditions
NOI Build-Up for 14,436 SF
Gross rent
$202.7K $14.04/SF
− Vacancy
−$12.5K −$0.87/SF
EGI
$190.2K $13.17/SF
− OpEx
−$57.1K −$3.95/SF
NOI
$133.1K $9.22/SF
Area
Cape Girardeau County, MO
Vacancy
6.17%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,662,460
Cap Rate 7%
$1,901,757
Cap Rate 9%
$1,479,144
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.22M
NOI $133,123 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,799 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
16k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 62%
Dining 20%
Home Improvements & Furnishings 18%
Courtyard Cape Girardeau Downtown
Hotels & Casinos
10,045 visits/mo
0.3 miles
SUBWAY
Dining
3,185 visits/mo
0.5 miles
Big Sandy Superstore
Home Improvements & Furnishings
2,915 visits/mo
0.1 miles
Demographics for 63703, MO
8,599
Population
4,182
Households
2.1
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
12.9 sq mi
ZIP Area
667
Density / Sq Mi
$36,909
Median Household Income
$28,121
Median Earnings
$843
Median Rent
$127,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - The interior includes central air, electric forced-air heating, and a range of household appliances.
Where is this storefront property located?
The property is located at 10 S Spanish St Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fenced exterior with gate and security features; Central air and electric forced‑air heating; Includes dishwasher, disposal, microwave, electric range, refrigerator, and washer/dryer
