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

    240-276 S Mount Auburn Rd Cape Girardeau, MO 63703

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Professional office complex with parking near I-55, hotels, restaurants.

    We can help!

    Listing Contact
    Tom Kelsey
    Tom Kelsey
    Source: Lorimont

    Listing Agent: Tom Kelsey

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

    Learn more

    Overview

    Professional Office Complex For Sale

    The property at 240-276 S. Mount Auburn Road is a professional office complex offering lease opportunities. It features a parking garage and a surface parking lot. The property includes streetside signage and customizable space signage. The environment is modern and professional. The complex is located near I-55, hotels and restaurants.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

    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
    -89.5739458
    Latitude
    37.2973478

    Nearby Similar for Sale

    • $400,000
      Pending

      Versatile Riverfront Commercial Property

      Prime riverfront property suitable for office, restaurant, warehouse, or mixed-use.
      450 N Main St, Cape Girardeau, MO 63701
      View Details
    • $900,000
      7,396 SF

      Versatile Commercial Space in Missouri

      7,396 SF commercial building with banquet, dining, and bar areas.
      20 N Spanish St, Cape Girardeau, MO 63701
      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 Ave, Cape Girardeau, MO 63701
      View Details
    • $825,000
      Pending

      Cape Girardeau Commercial Property

      Well-maintained commercial property with over 7,000 square feet.
      340 S Broadview St, Cape Girardeau, MO 63703
      View Details
    • $225,000
      0.57 Acres

      Versatile Commercial Building in Cape

      Adaptable 1800 sq ft commercial building in thriving Cape Girardeau.
      2357 Rust Ave, Cape Girardeau, MO 63703
      View Details
    • New
      $749,900
      5,611 SF

      All Brick Ranch Duplex

      Duplex in Baldwin Place Subdivision with walkout basement and fenced yard.
      119-121 Summerfield Way, Cape Girardeau, MO 63701
      View Details
    • New
      $489,900
      7,282 SF

      Cape Girardeau Mixed-Use Investment

      Leased commercial spaces with residential unit for income growth.
      1606 Independence St, Cape Girardeau, MO 63703
      View Details
    • $334,900
      Pending

      Cape Girardeau Duplex For Sale

      Well-maintained duplex in a serene, wooded area near Cape Girardeau.
      164/168 Waller Ln, Cape Girardeau, MO 63701
      View Details
    • $500,000
      4,548 SF

      Renovated Downtown Commercial Property

      Versatile 11-bedroom property in downtown Cape Girardeau.
      224 N Frederick St, 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 Dr, Cape Girardeau, MO 63701
      View Details
    • $239,900
      2,937 SF

      Renovated Commercial Space in Cape Girardeau

      Renovated commercial space with high potential in a prime location.
      230 N Sprigg St, Cape Girardeau, MO 63701
      View Details
    • New
      $249,900
      2,016 SF

      Cape Girardeau Duplex on Corner Lot

      All-brick duplex with basements and new windows, close to downtown.
      3-5 N Henderson Ave, Cape Girardeau, MO 63701
      View Details

    FAQs

    What type of property is this?
    Office building - Professional office complex with parking near I-55, hotels, restaurants.
    Where is this office building located?
    The property is located at 240-276 S Mount Auburn Rd Cape Girardeau, MO.
    What is the asking price?
    The asking price for this property is $16.
    What are key features of this property?
    This property features: - Convenient parking garage and surface parking lot.; - Located in a great professional complex near I-55, hotels & restaurants.; - Prominent streetside signage.
    (573) 334-5200
    Request Owner's contact information
    240-276 S Mount Auburn Rd Cape Girardeau, MO 63703
    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.
    240-276 S Mount Auburn Rd
    Cape Girardeau, MO 63703
    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
    240-276 S Mount Auburn Rd Cape Girardeau, MO 63703
    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

    We can help!
    Listing Contact
    Tom Kelsey
    Tom Kelsey
    Real Estate License ID: 2018017771
    (573) 334-5200 3345200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!