Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    19 Lot Dr Cape Girardeau, MO 63701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $218,500

    Vacant commercial lot in a well-maintained, high-traffic business park.

    Type:Land
    Lot size:
    0.80 Acres
    Added:
    Mar 10, 2024
    Days on Market:
    779
    Last Refresh:
    Jan 20 at 8:40 am

    Property Features for 19 Lot Dr

    General Information

    Standard status
    Active
    Lot size
    0.80 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Angela Womack

    Listing agent Angela Womack

    Listing office Paul Kitchen & Associates

    Listing date Mar 10, 2024

    Source Exprealty

    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 Paul Kitchen & Associates

    Overview

    Commercial Lot in High-Traffic Area

    This vacant lot, approximately 0.801 acres, is situated in an established commercial area with road frontage on Independence Street. The property benefits from a central location within a business park, surrounded by well-maintained neighboring properties. It experiences high traffic volume and is located near numerous established businesses, making it suitable for various commercial ventures.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Auto Repair Shop Food Market HVAC Service Grocery & Convenience Store Storage Facility Computer & Electronic Repair Wine and Liquor Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Girardeau
    County
    Cape Girardeau
    State
    Missouri
    Longitude
    -89.6126
    Latitude
    37.3098

    Nearby Similar for Sale

    • $350,000
      4,000 SF

      Updated Office Building For Sale

      Well-maintained office building with high visibility and ample parking.
      824 Independence Street, Cape Girardeau, MO 63703
      View Details
    • $400,000
      4,400 SF

      Versatile Riverfront Commercial Property

      Prime riverfront property suitable for office, restaurant, warehouse, or mixed-use.
      450 N Main Street, Cape Girardeau, MO 63701
      View Details
    • $239,900
      2,937 SF

      Renovated Commercial Building in Cape Girardeau

      Renovated commercial building with high visibility in a prime location.
      230 N Sprigg Street, Cape Girardeau, MO 63701
      View Details
    • $825,000

      Versatile Commercial Space in Cape Girardeau

      Well-designed commercial space with banquet, dining, and bar areas.
      20 N Spanish Street, Cape Girardeau, MO 63701
      View Details
    • $475,000
      7,044 SF

      Versatile Riverfront Commercial Property

      Flexible commercial space with riverfront location and development potential.
      308 N Main Street, Cape Girardeau, MO 63701
      View Details
    • $199,900

      Versatile Commercial Building in Missouri

      Adaptable 1800 sq ft commercial building in Cape Girardeau.
      2357 Rust Avenue, Cape Girardeau, MO 63703
      View Details
    • $295,000
      2,920 SF

      Versatile Commercial Property For Sale

      High-visibility commercial property with flexible layout and spacious attached warehouse.
      225 Clark Avenue, Cape Girardeau, MO 63701
      View Details
    • $579,800
      3,025 SF

      New Construction Villas in Cape

      New construction villas in Cape Girardeau, ideal for family or investment.
      123 & 125 Beechwood Lane, Cape Girardeau, MO 63701
      View Details
    • $500,000
      7,140 SF

      Leased Office Building For Sale

      Two-story office building with 21 units and parking.
      2711 Thomas Drive, Cape Girardeau, MO 63701
      View Details
    • $450,000
      4,548 SF

      Renovated 11-Bedroom Income Property

      Versatile, renovated 11-bedroom property in downtown Cape Girardeau.
      224 N Frederick Street, Cape Girardeau, MO 63701
      View Details
    • $489,900

      Industrial Warehouse on 3.9 Acres

      Industrial warehouse for sale in Cape Girardeau, Missouri.
      840 S Kingshighway, Cape Girardeau, MO 63703
      View Details
    • $585,000
      2,866 SF

      New Duplex in Cape Girardeau

      New duplex with modern finishes in convenient location.
      2935 & 2937 Shadow Wood Lane, Cape Girardeau, MO 63701
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant commercial lot in a well-maintained, high-traffic business park.
    Where is this commercial land located?
    The property is located at 19 Lot Dr Cape Girardeau, MO.
    What is the asking price?
    The asking price for this property is $218,500.
    What are key features of this property?
    This property features: Excellent commercial location in an established area.; High traffic area ensures great visibility.; Road frontage on Independence St.
    (573) 579-6891
    We can help!
    Listing Contact
    Angela Womack
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!