Renovated Mid-Century Office
For Sale
$1,690,000
Pending
429 N Broadview St, Cape Girardeau, MO 63701
Updated office building with multiple private offices, conference rooms, and an event space with bar and projection screen.
Property Size10,000 SF
Days on Market80
Property Features for 429 N Broadview St
General Information
Standard status
Pending
Size
10,000 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
4
Building Details
Year Built
1962
Year Renovated
2015
Listing Agency:
EDGE Realty ERA Powered
Listed By:
Jacob Fish () · License #2010013545
(573) 450-3791
Source:
Davisrealtor
Added: Jun 17
Changed: Aug 23
Last Checked: Sep 4 at 7:06AM
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 EDGE Realty ERA Powered
Investment Insights
Based on property information with market context.
Constructed in 1962, this mid-century modern office building was renovated in 2015 and combines preserved architectural character with upgraded finishes and advanced technology. The building includes a versatile interior with multiple private offices, conference rooms, collaborative workspaces, and an executive office with a private bathroom. An additional event and gathering area features a full bar and a projection screen for meetings, presentations, training, or client events. The structure is built with durable concrete and a steel frame, and practical building access is supported by four overhead doors. Whole-building smart controls manage lighting, climate, security, and other building systems.
Located at 429 N Broadview Street in Cape Girardeau, MO, the property includes eight indoor parking spaces and more than 55 exterior parking spaces. A gated rear parking lot with an automatic entry gate adds security and convenience for staff and visitors.
This offering is well suited for organizations that need both day-to-day office functionality and flexible space for larger presentations or recurring group events. With multiple private offices, meeting rooms, and a dedicated gathering area, the layout can support administrative teams as well as client-facing operations, while overhead doors and parking options provide added operational convenience.
Located at 429 N Broadview Street in Cape Girardeau, MO, the property includes eight indoor parking spaces and more than 55 exterior parking spaces. A gated rear parking lot with an automatic entry gate adds security and convenience for staff and visitors.
This offering is well suited for organizations that need both day-to-day office functionality and flexible space for larger presentations or recurring group events. With multiple private offices, meeting rooms, and a dedicated gathering area, the layout can support administrative teams as well as client-facing operations, while overhead doors and parking options provide added operational convenience.
Key Highlights
- Mid‑century modern office building originally built in 1962 with concrete and steel frame construction
- Approximately 10,000 SF on the main level with multiple private offices, conference rooms, collaborative workspaces, and an executive office with private bathroom
- Event and gathering space with a full bar and projection screen for meetings, presentations, training, or client entertainment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$137,082
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,741,640
$2.7M
Cap Rate 7%
$1,958,314
$2.0M
Cap Rate 9%
$1,523,133
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$230.4K $23.04/SF
− Vacancy
−$47.6K −$4.76/SF
EGI
$182.8K $18.28/SF
− OpEx
−$45.7K −$4.57/SF
NOI
$137.1K $13.71/SF
Area
Cape Girardeau County, MO
Vacancy
20.67%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,741,640
Cap Rate 7%
$1,958,314
Cap Rate 9%
$1,523,133
Alternative Uses
Best Use
Office B
$1.96M
$1.71M – $2.28M
NOI $137,082 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,836 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 63701, MO
39,246
Population
17,834
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
132.7 sq mi
ZIP Area
296
Density / Sq Mi
$67,904
Median Household Income
$32,655
Median Earnings
$863
Median Rent
$209,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated office building with multiple private offices, conference rooms, and an event space with bar and projection screen.
Where is this office building located?
The property is located at 429 N Broadview St Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Mid‑century modern office building originally built in 1962 with concrete and steel frame construction; Approximately 10,000 SF on the main level with multiple private offices, conference rooms, collaborative workspaces, and an executive office with private bathroom; Event and gathering space with a full bar and projection screen for meetings, presentations, training, or client entertainment
