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Property profile & analytics
OFF-MARKET
Retail space
408 2nd St Stover, MO 65078-0984
Entity Owned
5-yr Hold
Free & Clear
Property ID
US48-1815938
Property summary
AI-generated overview
This stunning 5,943 square foot office building, situated on a 0.21-acre lot at 408 Second Street in the heart of downtown Stover, MO, presents a unique investment opportunity. Built in 1911, the property boasts beautiful, original tin ceilings and offers a wealth of character. The building's substantial size allows for diverse uses, with ample space for various configurations. Imagine a vibrant community center, a unique event venue, or a creative workspace. The property includes a loft area, a kitchen, and a sizable basement ideal for storage or additional development. Its prime downtown location benefits from high foot traffic, with nearby amenities such as a boutique and ice cream shop. The presence of a nearby winery further enhances the area's appeal and growth potential. This historic building offers a blend of classic charm and modern adaptability, making it an exceptional opportunity for a discerning investor seeking a property with significant upside. The asking price is $261,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
BRICK
Total area
5,943 SF
Lot
0.21 ac (9,000 SF)
APN
97035300019005000
UPID
US48-1815938
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stover Industrial Developement Corp · 5 yrs held
Stover Industrial Developement Corp
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Stover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stover submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$687
Tax year 2023
Assessed value
$13,250
Assessed 2023
Previous assessed
$13,250
+0.0% YoY
Effective rate
5.18%
On assessed value
Land market value
$2,600
Improvement market value
$38,800
Total market value
$41,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
GRAVITY
Total area
5,943 SF
Lot
0.21 ac (9,000 SF)
APN
97035300019005000
UPID
US48-1815938
Jurisdiction
MORGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
GRAVITY
Lot
0.21 ac
Current owner
From public records · entity-resolved
Stover Industrial Developement Corp
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 234, STOVER, MO 65078-0234
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2025
—
Brian Ehst
—
Deed
related
$184,000 · Matthew Michael Warner
Mar 10, 2021
—
Stover Industrial Developement Corp
Lewis Yedinak JR
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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