Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Property Near City Hall Title is generated by Realmo AI

    114 Main St, Hillsboro, MO 63050

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Updated commercial property with large lot near government buildings.

    Type:Office, Retail
    Property size:
    2,772 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $154/SF
    Added:
    Aug 23, 2024
    Days on Market:
    638
    Last Refresh:
    Mar 19 at 8:55 pm

    Property Features for 114 Main St

    General Information

    Standard status
    Active
    Size
    2,772 SF
    Lot size
    0.50 Acres
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Dean Eshelman
    Dean Eshelman

    Listing agent Dean Eshelman License #MO1999138631

    Listing office RE/MAX Best Choice

    Listing date Aug 23, 2024

    Source Crexi

    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 RE/MAX Best Choice

    HighLights

    • Prime location across from City Hall
    • Large 1/2 +/- acre lot offers building potential
    • Updated kitchen facilities
    • Ideal for a professional office
    • Close proximity to the court house
    • Property built in 1920

    Overview

    This commercial property is situated in a favorable location across from City Hall and one block from the court house. The property includes updated kitchen facilities, making it suitable for a professional office. The lot size is approximately one-half acre, offering the possibility for new construction. The property size is 2772 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Jefferson
    State
    Missouri
    Longitude
    -90.561805
    Latitude
    38.232

    Nearby Similar for Sale

    • $426,900
      2,772 SF

      Hillsboro Land Near City Hall

      Versatile half-acre lot in prime Hillsboro location.
      114 Main Street, Hillsboro, MO 63050
      View Details
    • $450,000
      6,090 SF

      Hillsboro Mixed-Use Redevelopment Opportunity

      Versatile 6-acre property with highway frontage and redevelopment potential.
      9637 Old State Route 21, Hillsboro, MO 63050
      View Details
    • $1,750,000

      Hillsboro Church with Conversion Potential

      Church building on 5 acres, suitable for office conversion.
      4770 State Road B, Hillsboro, MO 63050
      View Details
    • $3,000

      Residential Land in Raintree Plantation

      Vacant lot with lake views and community amenities.
      10101 Lake Ridge Court, Hillsboro, MO 63050
      View Details
    • $3,400

      Residential Lot in Raintree Plantation

      Residential lot with amenities in Raintree Plantation, Hillsboro, MO.
      10229 Belew Creek Drive, Hillsboro, MO 63050
      View Details
    • $125,000

      Lake View Lot with Boat Slip

      Buildable lake-view lot with boat slip in Lake Tishomingo.
      5883 N Lakeshore Drive, Hillsboro, MO 63050
      View Details
    • $7,500

      Golf Course Lot Opportunity

      Residential lot with golf course and community amenities.
      9648 Moonshine Drive, Unincorporated, MO 63050
      View Details
    • $7,500

      Golf Course Lot with Amenities

      Residential land with golf course access and resort-style amenities.
      9604 Moonshine Drive, Unincorporated, MO 63050
      View Details
    • $7,500

      Golf Course Lot with Amenities

      Residential lot with golf course access and community amenities.
      9652 Moonshine Drive, Unincorporated, MO 63050
      View Details
    • $7,500

      Golf Course Lot with Amenities

      Residential land with golf course access and community amenities.
      9660 Moonshine Drive, Unincorporated, MO 63050
      View Details
    • $350,000

      Commercial Land on Corner Lot

      Corner lot with high visibility near highways in Hillsboro, MO.
      10865 Business 21, Hillsboro, MO 63050
      View Details
    • $3,000

      Hillsboro Land with Community Amenities

      Residential land in gated community with golf and lake access.
      3076 Jackson Drive, Hillsboro, MO 63050
      View Details

    FAQs

    What type of property is this?
    Office units - Updated commercial property with large lot near government buildings.
    Where is this office units located?
    The property is located at 114 Main St Hillsboro, MO.
    What is the asking price?
    The asking price for this property is $426,900.
    What are key features of this property?
    This property features: Prime location across from City Hall; Large 1/2 +/- acre lot offers building potential; Updated kitchen facilities
    (636) 448-3627 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dean Eshelman
    Dean Eshelman
    Real Estate License ID: MO1999138631
    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

    Thank You for Inquiry
    114 Main St, Hillsboro, MO 63050
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!