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    921 Jefferson Ave Lebanon, MO 65536

    For Sale
    $999,990

    High-Yield Commercial Investment Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents the chance to acquire the Lebanon Ritz 8 theatre building, situated on a 1.45-acre lot at 921 S Jefferson, Lebanon, MO. Built in 1992, this landmark property boasts a long-standing lease with the current tenant, extending through September 30, 2029, with built-in renewal options and rent increases every five years. The property offers a compelling over 8% capitalization rate, promising strong returns for long-term investors. As the only theatre in a thriving town, the Lebanon Ritz 8 enjoys a secure position within the community, ensuring consistent cash flow. The building's maintenance responsibilities are clearly defined, with the lessor solely responsible for land taxes and roof upkeep. The current tenant has maintained a consistent presence for over 30 years, demonstrating the property's enduring appeal and stability. This sale includes a one-third ownership stake in the adjacent parking lot, adding further value to this attractive investment. The property's proven track record, long-term lease, and strategic location make it an exceptional opportunity for investors seeking substantial and reliable returns. This is a rare chance to acquire a well-established, cash-flowing commercial property in a growing market. The financial details clearly indicate a highly attractive deal for discerning investors.

    Property Features for 921 Jefferson Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    63,162 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Laclede
    State
    Missouri
    Longitude
    -92.65533
    Latitude
    37.67175

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Commercial Investment Opportunity
    Where is this commercial real estate located?
    The property is located at 921 Jefferson Ave Lebanon, MO.
    What is the asking price?
    The asking price for this property is $999,990.
    312-9378
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    Realmo Value Estimation

    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.

    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.

    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
    921 Jefferson Ave Lebanon, MO 65536
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