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    Profitable Grocery Store on Highway Title is generated by Realmo AI

    105 N Broadway Street, Syracuse, MO 65354

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    Claim this Listing
    For Sale
    $899,000

    SINGLE_FAMILY - Syracuse, MO

    Type:Office
    Property size:
    6,688 SF
    Lot size:
    9.24 Acres
    Price / SF:
    $134/SF
    Added:
    Mar 12, 2026
    Days on Market:
    74
    Last Refresh:
    May 24 at 12:06 pm

    Property Features for 105 N Broadway Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking
    16
    Standard status
    Active
    APN
    012010400001002005
    Size
    6,688 SF
    Lot size
    9.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PRT BLK M & ADJ VAC ST TOWN OF SYRACUSE 255' X 100' 3, PRT SE SE
    Tax Annual Amount
    6928

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2022
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    JOSH SCHROCK

    Listing agent JOSH SCHROCK License #2023013595

    Listing office Lehman Realty Group, LLC 13253 Highway E, Versailles, MO

    Listing date Mar 12, 2026

    MLS# 3584808

    Copyright © 2026 Bagnell Dam Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Profitable, fully operational surplus grocery store with a strong customer base.
    • Modern 6,688 sq. ft. building built in 2022 on 9.24 acres with highway frontage.
    • Turnkey operation including all inventory, coolers, POS system, semi‑trailers, and skid steer.
    • Significant expansion potential with ample acreage for additional parking, storage, or other ventures.
    • Upper level offers conversion potential for residence, manager's quarters, or office space.
    • Seller willing to provide training to ensure a smooth transition.

    Overview

    This is a fully operational surplus grocery store situated directly on Highway 50. The business is housed in a 6,688 sq. ft. building constructed in 2022, located on a 9.24-acre lot. The property offers visibility, easy access, and room for future expansion. The sale includes existing inventory, multiple coolers, checkout stations, a modern POS system, semi-trailers for storage and transport, and a skid steer. The store has a customer base and a track record of profitability, similar to surplus grocery concepts. The upper level of the building has space that could be converted into a private residence, on-site manager's quarters, or expanded office space. The acreage provides opportunities for additional parking, storage buildings, or other business ventures. The seller is willing to provide training to the new owner to help ensure a smooth transition. The property is located in Syracuse, MO.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Department Store Food Market HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Morgan
    State
    Missouri
    Longitude
    -92.877772
    Latitude
    38.671231

    FAQs

    What type of property is this?
    Grocery and convenience store - Turnkey surplus grocery store with expansion potential on 9.24 acres.
    Where is this grocery and convenience store located?
    The property is located at 105 N Broadway Street Syracuse, MO.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Profitable, fully operational surplus grocery store with a strong customer base.; Modern **6,688 sq. ft. building built in 2022 on 9.24 acres** with highway frontage.; **Turnkey operation** including all inventory, coolers, POS system, semi‑trailers, and skid steer.
    (573) 280-0518
    We can help!
    Listing Contact
    JOSH SCHROCK
    Real Estate License ID: 2023013595
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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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