Building Details

Building Size 1,444 SF

Year Built 1970

Buildings 2

Listing Agency: Flowers Home Realty i***@flowershomerealty.com Show Phone

Listed By: Marletta Flowers Show Phone

Source: Flowershomerealty

Added: May 29 Changed: Oct 23 Last Checked: Oct 23 at 1:26PM

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Investment Insights

Based on property information with market context.

This 1,444-square-foot retail property at 101 Mill Street includes a half bath and a separate finished outbuilding measuring 14' x 33'. The outbuilding has electricity and provides additional usable space alongside the main building, which was built in 1970.

The property is next door to the Blue Owl Restaurant in Kimmswick, Missouri. A sidewalk improvement project is planned to extend pedestrian access to the front of the property. The current business has operated in the community for 26 years.

Key Highlights

• 1,444‑square‑foot retail property
• Separate finished 14' x 33' outbuilding with electricity
• Main building includes a half bath; built in 1970

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,064

Cap Rate

7.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$461,280 $461.3K

Cap Rate 7%

$329,486 $329.5K

Cap Rate 9%

$256,267 $256.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,444 SF

Gross rent

$34.8K $24.12/SF

− Vacancy

−$1.9K −$1.30/SF

EGI

$32.9K $22.82/SF

− OpEx

−$9.9K −$6.85/SF

NOI

$23.1K $15.97/SF

Area

Jefferson County, MO

Vacancy

5.40%

Lease Rate

$24.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$461,280

Cap Rate 7%

$329,486

Cap Rate 9%

$256,267

Alternative Uses

Best Use

Retail

$329.5K

$288.3K – $384.4K (±1% cap)

NOI $23,064 @ 7.0% cap · market cap 7.96%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$4.29M

$3.75M – $5.00M (±1% cap)

NOI $300,198 @ 7.0% cap · market cap 103.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Latest Craze LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Restaurant Building Supply Storage Facility Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

191

Businesses Nearby

Explore this area Business Placement

Demographics for 63053, MO

65

Population

38

Households

1.7

Avg Household Size

40

Median Age

18%

College-Educated

100%

High-School Grad

$68,750

Median Household Income

$1,109

Median Rent

$217,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - A separate finished outbuilding with electricity provides additional space for business operations.

Where is this retail space located?

The property is located at 101 Mill Street Kimmswick, MO.

What is the asking price?

The asking price for this property is $289,900.

What are key features of this property?

This property features: 1,444‑square‑foot retail property; Separate finished 14' x 33' outbuilding with electricity; Main building includes a half bath; built in 1970