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    500-700 W Jackson St Mexico, MO 65265

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    For Sale
    $4,499,692

    Value-add opportunity in Mexico, MO, with long-term tenants.

    Property size:
    119,219 SF
    Lot size:
    8.83 Acres

    Property Features for 500-700 W Jackson St

    General Information

    Size
    119,219 SF
    Lot size
    8.83 Acres

    Source: Scott F. Harrell & Associates, Inc. Agent Zachary Harrell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Retail Center For Sale

    This retail center, located in the heart of Mexico, Missouri, presents a value-add opportunity with a 35% vacancy rate. The property is well-positioned near downtown and benefits from its location off a signalized intersection, providing multiple access points. The property is situated in the county seat of Audrain County. The center features tenants with a long rental history, including Dollar General (since 1970), Ace Hardware (since the 1970s), Cleeks (since 1990), and Hardee's (since 1991). The average rents are low, and the property is priced well below replacement cost at $37.73 per square foot. The property size is 119219 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mexico
    County
    Audrain
    State
    Missouri
    Longitude
    -91.879371
    Latitude
    39.172038

    Nearby Similar for Sale

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    • $247,000
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    • $185,000
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      Retail and Apartment Investment Opportunity

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    FAQs

    What type of property is this?
    Shopping center - Value-add opportunity in Mexico, MO, with long-term tenants.
    Where is this shopping center located?
    The property is located at 500-700 W Jackson St Mexico, MO.
    What is the asking price?
    The asking price for this property is $4,499,692.
    What are key features of this property?
    This property features: - Value add opportunity with 35% vacancy; - Well below replacement cost at $37.73/sf; - Well positioned in the heart of Mexico, MO near downtown
    (417) 832-0033
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    500-700 W Jackson St Mexico, MO 65265
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    Mexico, MO 65265
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    Realmo Value Estimation

    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.

    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.

    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
    500-700 W Jackson St Mexico, MO 65265
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