Versatile Commercial Building on 1.9
1429 N Mount Auburn Road Cape Girardeau, MO 63701
For Sale
$2,900,000
All-brick commercial building with abundant parking and multiple use opportunities.
Property Size13,458 SF
Lot Size1.87 Acres
Price / SF$215.49
Days on Market599
Property Features for 1429 N Mount Auburn Road
General Information
Standard status
Active
Size
13,458 SF
Lot size
1.87 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1993
Listing Agency:
Area Properties Real Estate-River Region
(573) 450-4848
Listed By:
Rebecca Harding · License #2008008449
(573) 450-4848
Source:
Exitrealty
Added: Dec 6, 2024
Changed: Jul 6
Last Checked: Jul 27 at 3:27AM
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 commercial building is situated on 1.9 acres and features abundant parking with over 70 spaces, along with a large front entry canopy. The versatile property offers opportunities for multiple uses, including its current use as an AAAHC certified surgery center. The main level could be owner-occupied, while the lower level, comprising 2,614 square feet and featuring its own outside entrance and parking, could be leased to generate additional income. The interior was remodeled in 2004, and the roof was replaced within the last 10 years. The east side of the building resembles a typical medical office, with a front waiting area, reception area, more than 5 medical exam rooms, and more than 5 offices suitable for doctors and consultation, as well as a small lab area and nurses' station. The surgical side of the building includes a large waiting area, consultation area, 4-bay pre-op areas, 2 surgical rooms, 4 post-op bays, and a central nurses' station. The building is equipped with a 2,000 lb capacity elevator. Located in the heart of Southeast Missouri, this property is positioned in a high-traffic area. The property size is 13,458 square feet.
Key Highlights
- Versatile commercial building suitable for multiple uses
- Potential for dual income stream: owner‑occupy main level and lease lower level
- Abundant parking with 70+ spaces and a large front entry canopy
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $310.1k | $23.04 |
| − Vacancy | −$64.1k | −$4.76 |
| EGI | $246.0k | $18.28 |
| − OpEx | −$61.5k | −$4.57 |
| NOI | $184.5k | $13.71 |
13,458 SF · lease $23.04/SF/yr · vacancy 20.67% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.64M
$2.31M – $3.07M
NOI $184,485 @ 7.0% cap · market cap 6.36%
Second Best
Healthcare Medical
$2.02M
$1.77M – $2.36M
NOI $141,592 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$4.25M
$3.72M – $4.95M
NOI $297,201 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical center - All-brick commercial building with abundant parking and multiple use opportunities.
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 $2,900,000.
What are key features of this property?
This property features: Versatile commercial building suitable for multiple uses; Potential for dual income stream: owner‑occupy main level and lease lower level; Abundant parking with 70+ spaces and a large front entry canopy
