Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Leased Office Building For Sale Title is generated by Realmo AI

    108 N Hospital Dr, Fulton, MO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    100% leased office building with long-term tenant.

    Type:OFFICE
    Property size:
    10,880 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $75/SF
    Added:
    May 22, 2025
    Days on Market:
    361
    Last Refresh:
    Apr 5 at 8:14 pm

    Property Features for 108 N Hospital Dr

    General Information

    Standard status
    Active
    Size
    10,880 SF
    Lot size
    3.00 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Joseph K Schneider

    Listing agent Joseph K Schneider

    Listing office Schneider Commercial Partners

    Listing date May 22, 2025

    Source Moodyscre

    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 Schneider Commercial Partners

    HighLights

    • 100% Leased Building with In‑Place NOI: $80,300
    • Long‑Term Tenant: 7,417 SF Leased to State of Missouri since 1993 with lease expiring June 30, 2027
    • Second Tenant: 3,145 SF Leased to Ingram Leasing, LLC with a 3‑year term beginning at closing
    • Ample Parking: 70+ Parking Spaces on 3± Acre Lot
    • Convenient Location: Easy Access from Highway 54
    • Zoned “C‑3” Planned Commercial in City of Fulton, MO

    Overview

    This 10,880 square foot office building is 100% leased. 7,417 square feet is leased to the State of Missouri, Callaway County Family Services Division, who has been a tenant since the building's construction in 1993. The lease expiration date is June 30, 2027, and is subject to standard state government termination rights and annual appropriation. An additional 3,145 square feet is leased to Ingram Leasing, LLC, with a 3-year term beginning at closing. The property includes a 3± acre lot with over 70 parking spaces, providing 6.43 spaces per 1,000 square feet. Conveniently located with access from Highway 54, the property is approximately 1 mile from Westminster College, America’s National Churchill Museum, and Downtown Fulton’s “Brick District”. It is zoned “C-3” Planned Commercial in the City of Fulton, MO. The in-place net operating income is $80,300.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fulton
    County
    Callaway
    State
    Missouri
    Longitude
    -91.9641
    Latitude
    38.8446

    Nearby Similar for Sale

    • $600,000
      9,764 SF

      Fulton Commercial Property on Business 54

      Commercial property with high visibility and over 10,000 sq ft.
      2110 N Bluff Street, Fulton, MO 65251
      View Details
    • $160,000
      4,420 SF

      Fulton Commercial Property For Sale

      Commercial property in Fulton's Brick District with investment potential.
      603-605 NICHOLS Street, Fulton, MO 65251
      View Details
    • $310,000
      5,458 SF

      Historic Fulton Building: Income Potential

      Income-producing historic building in Fulton's Brick District with value-add upside.
      525 Court Street, Fulton, MO 65251
      View Details
    • $310,000
      5,458 SF

      Historic Fulton Building with Income

      Income-producing commercial building with potential for residential conversion.
      525 COURT Street, Fulton, MO 65251
      View Details
    • $3,000,000
      34,630 SF

      I-70 & HWY 54 Storage

      Storage and Mobile Home Park near I-70 and HWY 54.
      5600 Co Rd 114, Fulton, MO 65251
      View Details
    • $1,250,000
      5,793 SF

      Fulton Retail Space Available

      Retail property available for lease in Fulton, Missouri.
      1190 Business 54, Fulton, MO
      View Details
    • $1,250,000
      16,250 SF

      16,250 SF Retail Building

      16,250 SF building with lease income and vacancy.
      1190 S Business 54, Fulton, MO 65251
      View Details
    • Contact for pricing
      5,793 SF

      Retail Space on Business 54

      Retail space with great visibility and access in Fulton, MO.
      1191 Business 54, Fulton, MO
      View Details

    FAQs

    What type of property is this?
    Office building - 100% leased office building with long-term tenant.
    Where is this office building located?
    The property is located at 108 N Hospital Dr Fulton, MO.
    What is the asking price?
    The asking price for this property is $823,590.
    What are key features of this property?
    This property features: 100% Leased Building with In‑Place NOI: $80,300; Long‑Term Tenant: 7,417 SF Leased to State of Missouri since 1993 with lease expiring June 30, 2027; Second Tenant: 3,145 SF Leased to Ingram Leasing, LLC with a 3‑year term beginning at closing
    (636) 949-9797 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph K Schneider
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    108 N Hospital Dr, Fulton, MO
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!