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    Convenience Store with Drive-Through Title is generated by Realmo AI

    115 E Highway 62, Risco, MO 63874

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    For Sale
    $98,500

    Commercial Sale, Other - Risco, MO

    Property size:
    2,556 SF
    Lot size:
    0.52 Acres
    Price / SF:
    $38/SF
    Added:
    Apr 4, 2026
    Days on Market:
    63
    Last Refresh:
    Jun 5 at 4:06 am

    Property Features for 115 E Highway 62

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    Size
    2,556 SF
    Lot size
    0.52 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1948
    Architectural style
    Other

    We can help!

    Listing Contact
    Sherri Holifield

    Listing agent Sherri Holifield

    Listing office Delta Realty LLC 1009 Hickory Log Dr, Malden, MO

    Listing date Apr 4, 2026

    MLS# 16742 Listing URL

    Copyright © 2026 Southeast Missouri Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Established convenience store with drive‑thru plus dine‑in and grab‑and‑go service setup
    • Multiple built‑in revenue components include an ATM machine, leased ice cream machine, leased drink machines, and leased arcade games
    • Large commercial kitchen equipment included: deli slicer, steam table, dough roller, pizza oven, griddle, fish fryer, and food warming area
    • On‑site parking on both sides, plus large front display windows and marquee signage
    • Major upgrades include replaced/upgraded electrical and plumbing, central heat & air, and glass entry doors
    • Finished bathroom and additional plumbed areas for expansion, with large propane tanks on site

    Overview

    This established convenience store is configured for drive-up and dine-in ordering, with a customer-friendly layout that includes dining/seating space and large front display windows. The property offers drive-thru service with a drive-thru window, marquee signage, and ample parking on both sides. Interior improvements and replacements already completed include updated electrical and plumbing, central heat and air, and replaced/upgraded glass entry doors.

    The building is positioned along a high-traffic highway in Risco, Missouri, with straightforward customer access supported by the on-site parking area. In addition to the retail front, the back-of-house includes areas equipped for food preparation and service, along with a finished bathroom and two other plumbed areas that could support expansion. Large propane tanks are also on site.

    The sale includes a range of food service equipment intended to support immediate operation, including a large commercial cooler, deli slicer, steam table, dough roller and pizza oven, griddle and fish fryer, a food warming area, and a stainless sink and prep station. Operational add-ons noted in the property description include an ATM machine and drink machines (leased), as well as an ice cream machine (leased) and arcade games (leased). The rear portion of the building is described as having the potential to function as a second business.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Risco
    County
    New Madrid
    State
    Missouri
    Longitude
    -89.8186
    Latitude
    36.5517

    FAQs

    What type of property is this?
    Grocery and convenience store - Established convenience store on a high-traffic highway with drive-thru service, ample parking, and major systems upgrades.
    Where is this grocery and convenience store located?
    The property is located at 115 E Highway 62 Risco, MO.
    What is the asking price?
    The asking price for this property is $98,500.
    What are key features of this property?
    This property features: Established convenience store with drive‑thru plus dine‑in and grab‑and‑go service setup; Multiple built‑in revenue components include an ATM machine, leased ice cream machine, leased drink machines, and leased arcade games; Large commercial kitchen equipment included: deli slicer, steam table, dough roller, pizza oven, griddle, fish fryer, and food warming area
    (573) 820-0746
    We can help!
    Listing Contact
    Sherri Holifield
    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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