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    Route 66 Commercial/Industrial Land Title is generated by Realmo AI

    1127 W Elm Street, Lebanon, MO 65536

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    For Sale
    $600,000

    COMMERCIAL - Lebanon, MO

    Lot size:
    5.00 Acres
    Added:
    Nov 11, 2025
    Days on Market:
    187
    Last Refresh:
    May 17 at 3:06 am

    Property Features for 1127 W Elm Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    M-2
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Carport
    Fencing
    Chain Link, Privacy
    Standard status
    Active
    APN
    3tbd-135015001007001000
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TBD - Divide from 2 Parcels: LEBANON ACREAGE 15-34-16 33 AC N1/2 S1/2 NE1/4 SENE1/4, PT N1/2 N1/2 SENE1/4 & LEBANON ACREAGE 15-34-16 2.12 AC 280 X 330 FT PT SENE1/4
    Tax Annual Amount
    7780

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1996
    Roof type
    Metal

    We can help!

    Listing Contact
    Tamara J. Smith

    Listing agent Tamara J. Smith License #2016016313

    Listing office Century 21 Integrity Group 3333 E. Battlefield Suite 2, Springfield, MO

    Listing date Nov 11, 2025

    MLS# 60309767

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location with 500+\/- feet of frontage on Historic Route 66 (Elm Street) at the corner of Elm and Utah Streets.
    • High‑visibility and high‑traffic location with easy access to I‑44.
    • Zoned M‑2 Industrial, supporting a variety of business and development paths with potential for rezoning.
    • Existing nearly 9000sf steel‑beam, insulated commercial structure with metal siding and concrete floors.
    • Includes seven drive‑in bays, one finished as a front‑facing office with glass storefront.
    • Generous parking areas and existing fencing.

    Overview

    This 5+/- acre commercial and industrial property is located on the corner of Elm and Utah Streets, featuring 500+/- feet of frontage on Historic Route 66 (Elm Street). The property benefits from high visibility, high traffic, and easy access to I-44. It includes a nearly 9000 square foot steel-beam, insulated commercial structure with metal siding, concrete floors, and an attached 100 square foot carport. The structure features seven drive-in bays, one of which is finished as a front-facing office with a glass storefront. Generous parking areas and fencing are already in place. Zoned M-2 Industrial, the property supports a variety of business and development paths and may qualify for rezoning. Potential uses include storage, logistics, manufacturing, mixed-use redevelopment, or hospitality concepts related to Route 66 tourism. The location is ideal for a wide range of commercial, industrial, or redevelopment uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rogers Wrecking & Salvage ... Waste Management Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Laclede
    State
    Missouri
    Longitude
    -92.66815
    Latitude
    37.664825

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    FAQs

    What type of property is this?
    Industrial property - 5+/- acres with Route 66 frontage and existing structure.
    Where is this industrial property located?
    The property is located at 1127 W Elm Street Lebanon, MO.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Prime location with **500+\/- feet of frontage on Historic Route 66 (Elm Street)** at the corner of Elm and Utah Streets.; High‑visibility and high‑traffic location with easy access to I‑44.; Zoned M‑2 Industrial, supporting a variety of business and development paths with potential for rezoning.
    (417) 766-8400
    We can help!
    Listing Contact
    Tamara J. Smith
    Real Estate License ID: 2016016313
    Learn More
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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.

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