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    1275 N Truman Blvd Crystal City, MO

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    Retail, office, or medical spaces available in well-maintained center.

    Type:RETAIL
    Property size:
    100 SF
    Lot size:
    1.82 Acres
    Added:
    Nov 9, 2023
    Days on Market:
    903
    Last Refresh:
    Apr 5 at 11:24 pm

    Property Features for 1275 N Truman Blvd

    General Information

    Standard status
    Active
    Size
    100 SF
    Lot size
    1.82 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1275 N Truman Blvd Contact us

    We can help!

    Listing Contact
    Laura Jones
    Laura Jones

    Listing agent Laura Jones License #MO 2007027696

    Listing office RL Jones Properties

    Listing date Nov 9, 2023

    Source Moodyscre

    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 RL Jones Properties

    Overview

    Retail Space in Jefferson Center

    Located on N. Truman Blvd (Hwy 61/67) in Festus, MO, Jefferson Center offers spaces suitable for retail, office, or medical use. Two spaces are currently available, measuring 2,250 square feet and 1,105 square feet. The center benefits from excellent visibility and a substantial traffic count of 17,246 vehicles per day. Ample parking is provided with 537 spaces, equating to a parking ratio of 5 spaces per 1,000 square feet. Recent updates include a new facade, indicating the center has been well maintained.
    Location Intelligence

    Current Use by Public Records

    American Home & Mattress Home Decor Store

    Suggested Use

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

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

    Similar Places Nearby

    • Borga Building — 109 Borga Bldg, Festus, MO 63028
    • Planet Overstock — 1263 N Truman Blvd, Festus, MO 63028

    Location Insight

    • Map
    • Local Demand
    City
    Crystal City
    County
    Jefferson
    State
    Missouri
    Longitude
    -90.3934
    Latitude
    38.2337

    Nearby Similar for Lease

    • $3,100/Mo

      Crystal City Mixed-Use Opportunity

      Mixed-use commercial building for rent in Crystal City, Missouri.
      102 N Truman Boulevard, Crystal City, MO 63019
      View Details
    • $13,958/Mo

      Underground Warehouse Space for Lease

      67,000 SF underground warehouse space available for lease.
      20 Cave Industrial Dr, Crystal City, MO 63019
      View Details
    • Contact for pricing

      Retail Space in Crystal City

      Retail space available for lease in Crystal City, MO.
      101-105 Twin City Mall, Crystal City, MO
      View Details
    • Contact for pricing

      Regional Shopping Center Space Available

      Retail space available in regional shopping center with high visibility.
      110-155 Twin City Mall, Crystal City, MO
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail, office, or medical spaces available in well-maintained center.
    Where is this shopping center located?
    The property is located at 1275 N Truman Blvd Crystal City, MO.
    What are key features of this property?
    This property features: Spaces available for retail, office, or medical use.; Excellent visibility on N. Truman Blvd (Hwy 61/67).; Ample parking with 537 spaces (5 per 1,000 SF parking ratio).
    (314) 420-9334 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Laura Jones
    Laura Jones
    Real Estate License ID: MO 2007027696
    Learn More
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    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
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