Mixed-Use Building with Dual
For Sale
Contact for pricing
1610 West Ashley Road, Boonville, MO 65233
C-1 property with public utilities, on-site parking, and access from both Ashley Road and Radio Hill Road.
Property Size3,745 SF
Lot Size1.50 Acres
Price / SF$59.95
Days on Market118
Property Features for 1610 West Ashley Road
General Information
Standard status
Active
Size
3,745 SF
Lot size
1.50 Acres
Property subtype
Retail, Mixed Use, Land
Zoning
C1 current
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Buildings
1
Listing Agency:
Chipley and Company Real Estate
Listed By:
Nathan Chipley · License #1999034126
Source:
Crexi
Added: May 5
Changed: Aug 30
Last Checked: Aug 30 at 1:06AM
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 Chipley and Company Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes a 3,745-square-foot building on a 1.5-acre lot. The well-maintained improvements feature newer dual central HVAC systems, metal roofing, public utilities, and on-site parking. C-1 zoning supports retail, office, daycare, and other permitted uses.
The property has approximately 163 feet of frontage along Ashley Road and 250 feet along Radio Hill Road, with entrances from both roads. It is located approximately 0.7 mile from I-70 and sits on Ashley Road, described as a main artery to Boonville.
The property has approximately 163 feet of frontage along Ashley Road and 250 feet along Radio Hill Road, with entrances from both roads. It is located approximately 0.7 mile from I-70 and sits on Ashley Road, described as a main artery to Boonville.
Key Highlights
- 3,745‑square‑foot mixed‑use building on a 1.5‑acre lot
- C‑1 zoning with public utilities
- Approximately 163 feet of Ashley Road frontage and 250 feet along Radio Hill Road
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
$14,236
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
6.34%
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%
$284,720
$284.7K
Cap Rate 7%
$203,371
$203.4K
Cap Rate 9%
$158,178
$158.2K
Market Conditions
NOI Build-Up for 3,745 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
$20.7K $5.52/SF
− Vacancy
−$335 −$0.09/SF
EGI
$20.3K $5.43/SF
− OpEx
−$6.1K −$1.63/SF
NOI
$14.2K $3.80/SF
Area
Cooper County, MO
Vacancy
1.62%
Lease Rate
$5.52 /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%
$284,720
Cap Rate 7%
$203,371
Cap Rate 9%
$158,178
Alternative Uses
Best Use
Retail
$203.4K
$178.0K – $237.3K
NOI $14,236 @ 7.0% cap · market cap 6.34%
Second Best
Mixed Use
$188.6K
$165.0K – $220.0K
NOI $13,201 @ 7.0% cap · market cap 5.88%
Theoretical Best
Warehouse
$580.6K
$508.1K – $677.4K
NOI $40,644 @ 7.0% cap · market cap 18.10%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 65233, MO
11,472
Population
4,622
Households
2.5
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
141.9 sq mi
ZIP Area
81
Density / Sq Mi
$64,333
Median Household Income
$38,608
Median Earnings
$807
Median Rent
$206,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-1 property with public utilities, on-site parking, and access from both Ashley Road and Radio Hill Road.
Where is this mixed-use property located?
The property is located at 1610 West Ashley Road Boonville, MO.
What is the asking price?
The asking price for this property is $224,500.
What are key features of this property?
This property features: 3,745‑square‑foot mixed‑use building on a 1.5‑acre lot; C‑1 zoning with public utilities; Approximately 163 feet of Ashley Road frontage and 250 feet along Radio Hill Road
