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    115 Leroux St Doniphan, MO

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    Retail property with a Fortune 500 tenant.

    Type:RETAIL
    Property size:
    26,608 SF
    Lot size:
    2.19 Acres
    Price / SF:
    $86/SF
    Added:
    Dec 6, 2024
    Days on Market:
    507
    Last Refresh:
    Apr 5 at 9:09 pm

    Property Features for 115 Leroux St

    General Information

    Standard status
    Active
    Size
    26,608 SF
    Lot size
    2.19 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Maxwell Aunger

    Listing agent Maxwell Aunger

    Listing office Matthews Real Estate Investments Services | New York

    Listing date Dec 6, 2024

    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 Matthews Real Estate Investments Services | New York

    Overview

    Retail Property with Strong Tenant

    This retail property, built in 2010 and renovated in 2020, is occupied by Tractor Supply, a Fortune 500 company ranked #291. Tractor Supply has approximately 5.7 years remaining on its NN lease, with four additional five-year renewal options. The lease includes 10% rent increases in each renewal period. As the only Tractor Supply store within a 40-mile radius, the property benefits from limited competition. The property is located at the intersection of US Highway 160 and US Highway 142, benefiting from synergy with other national retailers including McDonald’s, Napa Auto Tire & Parts, Dollar Tree, Dollar General, Ford, Chevrolet, Banks, and Subway. Tractor Supply reported net sales increased in Q2 of 2024 to $4.25 Billion from $4.18 Billion in Q2 of 2023. The property is corporately guaranteed with minimal landlord responsibilities. The building size is 26,608 square feet.
    Location Intelligence

    Current Use by Public Records

    higi Physician Tractor Supply Co. Pet Store & Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Plaza Flowers — 1307 Hillcrest Dr, Doniphan, MO 63935

    Location Insight

    • Map
    • Local Demand
    City
    Doniphan
    County
    Ripley
    State
    Missouri
    Longitude
    -90.8235
    Latitude
    36.6209

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    FAQs

    What type of property is this?
    Storefront property - Retail property with a Fortune 500 tenant.
    Where is this storefront property located?
    The property is located at 115 Leroux St Doniphan, MO.
    What is the asking price?
    The asking price for this property is $2,290,152.
    What are key features of this property?
    This property features: Strong Fortune 500 Tenant: Tractor Supply Co. (TSC), ranked #291, with a ±$32.5 Billion market cap and over 2,270 locations.; Corporate Guarantee with Rent Increases: NN lease with approximately ±5.7 years remaining, corporately guaranteed with 10% rent increases in each renewal period.; Newer Second Generation Building: Built in 2010 and renovated in 2020, with a new 10‑year lease signed.
    (908) 892-0572 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Maxwell Aunger
    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.

    More about this property
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