Office Units with Detached
For Sale
$149,900
Pending
1409 W Broadway Street, Bolivar, MO 65613
COMMERCIAL - Bolivar, MO
Property Size1,047 SF
Lot Size0.28 Acres
Days on Market93
Property Features for 1409 W Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Parking features
Garage - Detached
Directions
Starting at the Bolivar Square, head west on Broadway Street. Property is on the north side of the street. Sign in yard.
Standard status
Pending
APN
89-11-0.1-11-002-000-041.00
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Bolivar- 1956 Add- Near Ne Corner Nw Nw North Of Hwy 13
Tax Annual Amount
726
Legal Description
Bolivar- 1956 Add- Near Ne Corner Nw Nw North Of Hwy 13
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Amenities
abundant natural light
original hardwood flooring
updated kitchen
updated bathroom
utility room with washer and dryer hookups
detached garage with breezeway
asphalt parking area
Building Details
Year built
1957
Roof type
Composition
Listing Agency:
J-S Realty
(417) 326-6141
Listed By:
Crystal Blair
(417) 399-7872
Added: May 22
Changed: Aug 18
Last Checked: Aug 22 at 3:06AM
MLS# 60324581
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1409 W Broadway Street offers approximately 1,047 square feet of flexible office, retail, or boutique space with abundant natural light. The interior layout includes multiple front rooms suited for offices, retail displays, salon stations, or client meeting areas. Original hardwood flooring is paired with updated kitchen and bathroom areas, and the property also includes a separate utility room with washer and dryer hookups.
A detached garage is connected by a breezeway, providing additional storage or workspace options. Outside, a recently updated asphalt parking area supports customer parking with convenient front and rear access.
The property previously operated as a spa, salon, boutique, and retail space, and it is equipped for a variety of commercial uses. It is located on busy Highway 32 with high visibility and exposure, positioned just off Highway 13 in Bolivar, MO. Heating is electric, and cooling is electric with central air. Water is available, and the roof is composition.
A detached garage is connected by a breezeway, providing additional storage or workspace options. Outside, a recently updated asphalt parking area supports customer parking with convenient front and rear access.
The property previously operated as a spa, salon, boutique, and retail space, and it is equipped for a variety of commercial uses. It is located on busy Highway 32 with high visibility and exposure, positioned just off Highway 13 in Bolivar, MO. Heating is electric, and cooling is electric with central air. Water is available, and the roof is composition.
Key Highlights
- Approximately 1,047 SF flexible office, retail, or boutique space with abundant natural light
- Multiple front rooms suited for offices, retail displays, salon stations, or client meetings
- Original hardwood flooring plus updated kitchen and bathroom areas
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
$8,296
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
5.53%
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%
$165,920
$165.9K
Cap Rate 7%
$118,514
$118.5K
Cap Rate 9%
$92,178
$92.2K
Market Conditions
NOI Build-Up for 1,047 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
$11.6K $11.04/SF
− Vacancy
−$497 −$0.47/SF
EGI
$11.1K $10.57/SF
− OpEx
−$2.8K −$2.64/SF
NOI
$8.3K $7.92/SF
Area
Polk County, MO
Vacancy
4.30%
Lease Rate
$11.04 /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%
$165,920
Cap Rate 7%
$118,514
Cap Rate 9%
$92,178
Alternative Uses
Best Use
Office B
$118.5K
$103.7K – $138.3K
NOI $8,296 @ 7.0% cap · market cap 5.53%
Second Best
Retail
$111.3K
$97.4K – $129.9K
NOI $7,792 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$158.0K
$138.3K – $184.4K
NOI $11,062 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 65613, MO
17,890
Population
7,327
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
184.9 sq mi
ZIP Area
97
Density / Sq Mi
$56,919
Median Household Income
$31,765
Median Earnings
$828
Median Rent
$197,200
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 units - Updated office, retail, or boutique space with multiple front rooms, original hardwood floors, and central electric A/C.
Where is this office units located?
The property is located at 1409 W Broadway Street Bolivar, MO.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Approximately 1,047 SF flexible office, retail, or boutique space with abundant natural light; Multiple front rooms suited for offices, retail displays, salon stations, or client meetings; Original hardwood flooring plus updated kitchen and bathroom areas
