Multi-Building Retail
For Sale
$990,000
14980 NW Veterans memorial Parkway NW, Wright City, MO 63390
COMMERCIAL - Wright City, MO
Property Size7,200 SF
Lot Size4.02 Acres
Price / SF$137.50
Days on Market294
Property Features for 14980 NW Veterans memorial Parkway NW
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security Lighting
Fencing
Gate, Fenced
Appliances
Electric Water Heater
Subdivision
3 Springs Center
Directions
See Agent remarks for directions
Standard status
Active
APN
4-20.0-0-0-00-004.000.000
Lot size
4.02 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Leased commercial buildings
Tax Annual Amount
4113
Legal Description
Leased commercial buildings
Utilities
Heating system
Oil, Propane (Heating), Baseboard, Varies by Unit (Heating)
Cooling system
Electric, Varies by Unit, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
security lighting
gates
fencing
Building Details
Year built
1980
Floors in Building
1
Flooring type
Laminate, Concrete
Building materials
Aluminum Siding, Concrete, Frame, Lap Siding, Metal Siding, Steel Siding, Vinyl Siding
Listing Agency:
Apple Creek Realty, LLC
(636) 379-4201
Listed By:
Sharon Boyet · License #2011037892
(314) 398-3556
Added: Oct 29, 2025
Changed: Aug 4
Last Checked: Aug 18 at 1:06PM
MLS# 25066537
Copyright © 2026 Mid America Regional Information Systems, Inc. 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.
Multi-building retail site featuring three large buildings, each approximately 2,400 SF, fronting the corner of Hwy 70 and Hwy “H.” The property is zoned C3 and sits on a flat, level 4.02-acre tract.
Site security and controlled access are supported by security lighting, gates, and fencing. The seller requests that the owner accompany on all showings, and tenants should not be disturbed.
The buildings were constructed in 1980. Utilities include public water, with heating and cooling systems that vary by unit and include oil, propane, electric, and baseboard heating, along with electric, window, and wall/window unit cooling. Building exterior materials include multiple siding types, along with concrete and steel siding elements.
Site security and controlled access are supported by security lighting, gates, and fencing. The seller requests that the owner accompany on all showings, and tenants should not be disturbed.
The buildings were constructed in 1980. Utilities include public water, with heating and cooling systems that vary by unit and include oil, propane, electric, and baseboard heating, along with electric, window, and wall/window unit cooling. Building exterior materials include multiple siding types, along with concrete and steel siding elements.
Key Highlights
- Three retail buildings, each approx 2,400 SF
- Corner frontage on Hwy 70 and Hwy “H”
- Zoned C3
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
$67,931
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
6.86%
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%
$1,358,620
$1.4M
Cap Rate 7%
$970,443
$970.4K
Cap Rate 9%
$754,789
$754.8K
Market Conditions
NOI Build-Up for 7,200 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
$101.1K $14.04/SF
− Vacancy
−$4.0K −$0.56/SF
EGI
$97.0K $13.48/SF
− OpEx
−$29.1K −$4.04/SF
NOI
$67.9K $9.43/SF
Area
Warren County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,358,620
Cap Rate 7%
$970,443
Cap Rate 9%
$754,789
Alternative Uses
Best Use
Retail
$970.4K
$849.1K – $1.13M
NOI $67,931 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,642 @ 7.0% cap · market cap 12.59%
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
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 63390, MO
11,982
Population
5,681
Households
2.1
Avg Household Size
38
Median Age
24%
College-Educated
84%
High-School Grad
78.2 sq mi
ZIP Area
153
Density / Sq Mi
$79,803
Median Household Income
$42,297
Median Earnings
$872
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - Three retail buildings on a flat, corner site zoned C3, with gated perimeter and security lighting for tenant security.
Where is this retail space located?
The property is located at 14980 NW Veterans memorial Parkway NW Wright City, MO.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Three retail buildings, each approx 2,400 SF; Corner frontage on Hwy 70 and Hwy “H”; Zoned C3
