Medical Center with Surgical
For Sale
$2,500,000
1429 N Mount Auburn Road, Cape Girardeau, MO 63701
All-brick medical facility with separate clinical areas, surgical infrastructure, and dedicated lower-level access.
Property Size13,458 SF
Lot Size1.90 Acres
Days on Market608
Property Features for 1429 N Mount Auburn Road
General Information
Standard status
Active
Size
13,458 SF
Elevators
Yes
Lot size
1.90 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$24,743
Amenities
large front entry canopy
Building Details
Building Size
13,458 SF
Year Built
1993
Year Renovated
2004
Buildings
1
Stories
1
Construction
brick
Listing Agency:
Area Properties Real Estate-River Region
(573) 450-4848
Listed By:
Rebecca Harding · License #2008008449
(573) 450-4848
Source:
Century21laclede
Added: Dec 6, 2024
Changed: Aug 4
Last Checked: Aug 5 at 2:12PM
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 Area Properties Real Estate-River Region
Investment Insights
Based on property information with market context.
This all-brick medical center occupies a 1.9-acre property with more than 70 parking spaces and a covered entrance canopy. The interior was remodeled in 2004, and the roof was replaced within the last 10 years. A 2,000 lb capacity elevator serves the building, while the 2,614-square-foot lower level has its own exterior entrance and parking.
The east portion is configured for medical office use, with a waiting room, reception, 5+ exam rooms, 5+ physician and consultation offices, a small lab, and a nurses station. The surgical area includes a larger waiting room, consultation space, four pre-op bays, two operating rooms, four post-op bays, and a central nurses station. The property is an AAAHC certified surgery center and is located at 1429 N Mount Auburn Road in Cape Girardeau, Missouri.
The east portion is configured for medical office use, with a waiting room, reception, 5+ exam rooms, 5+ physician and consultation offices, a small lab, and a nurses station. The surgical area includes a larger waiting room, consultation space, four pre-op bays, two operating rooms, four post-op bays, and a central nurses station. The property is an AAAHC certified surgery center and is located at 1429 N Mount Auburn Road in Cape Girardeau, Missouri.
Key Highlights
- 1.9‑acre medical center property with 70+ parking spaces
- AAAHC certified surgery center configuration
- Surgical area includes 2 rooms, 4 pre‑op bays, and 4 post‑op bays
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
$184,485
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
7.38%
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%
$3,689,700
$3.7M
Cap Rate 7%
$2,635,500
$2.6M
Cap Rate 9%
$2,049,833
$2.0M
Market Conditions
NOI Build-Up for 13,458 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
$310.1K $23.04/SF
− Vacancy
−$64.1K −$4.76/SF
EGI
$246.0K $18.28/SF
− OpEx
−$61.5K −$4.57/SF
NOI
$184.5K $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%
$3,689,700
Cap Rate 7%
$2,635,500
Cap Rate 9%
$2,049,833
Alternative Uses
Best Use
Office B
$2.64M
$2.31M – $3.07M
NOI $184,485 @ 7.0% cap · market cap 7.38%
Second Best
Healthcare Medical
$2.02M
$1.77M – $2.36M
NOI $141,592 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$4.25M
$3.72M – $4.95M
NOI $297,201 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
746
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - All-brick medical facility with separate clinical areas, surgical infrastructure, and dedicated lower-level access.
Where is this medical center located?
The property is located at 1429 N Mount Auburn Road Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1.9‑acre medical center property with 70+ parking spaces; AAAHC certified surgery center configuration; Surgical area includes 2 rooms, 4 pre‑op bays, and 4 post‑op bays
