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    I-70 Frontage Commercial Property Title is generated by Realmo AI

    17721 North Service Road, Wright City, MO 63390

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    Mixed-use property with office, apartments, garage, and outbuilding.

    Type:Multifamily, Office, Industrial
    Property size:
    4,119 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $242/SF
    Added:
    May 10, 2026
    Days on Market:
    20
    Last Refresh:
    May 14 at 9:27 pm

    Property Features for 17721 North Service Road

    General Information

    Standard status
    Active
    Size
    4,119 SF
    Lot size
    2.00 Acres
    Property subtype
    Multifamily, Office, Industrial

    Building Details

    Year Built
    1952

    We can help!

    Listing Contact
    Logan Strain
    Logan Strain

    Listing agent Logan Strain License #MO 2011010930

    Listing office Coldwell Banker Gundake Saint Charles

    Listing date May 10, 2026

    Source Crexi

    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 Coldwell Banker Gundake Saint Charles

    HighLights

    • I‑70 Frontage with High Visibility on over 2 acres
    • 4,000 +/- sq. ft. Brick Building with Office Space and 2 Apartments for Instant Income
    • 3,300 sq ft Outbuilding with 3‑Phase Electric, High Ceilings, and Drive‑in Doors
    • Proximity to the New TR HUGHES Mcrbride Development Elkhorn Ridge
    • Ample Outside Storage Space for Equipment and Machinery
    • Located just miles from the New American Foods Multi‑Billion Dollar Meat Processing Facility

    Overview

    This commercial property offers visibility from Interstate 70 and includes a partial office space, two apartments, a garage, and a 3300 sq ft outbuilding, all situated on over 2 acres with I-70 frontage. The brick building/office provides over 4,000 sq ft of space, featuring two kitchens, two full baths, three laundry rooms, a sunroom, a half bath, and multiple additional rooms. The layout is suited for two apartments on the upper level, with the main floor serving as office space, providing immediate income potential. The recently updated and expanded outbuilding offers nearly 3000 sq ft of space, equipped with 3-phase electric power, 8ft walls, ceilings exceeding 22ft in height, and two drive-in doors. The 2-acre site provides ample outdoor storage for equipment, machinery, and implements. This property is suitable for an owner-user or an owner requiring on-site storage, office space, and accommodations for 24-hour staff or employees. It is located directly opposite Highway 70 from the new multi-million-dollar TR Hughes McBride Development Elkhorn Ridge and is also situated just miles from the new American Foods multi-billion-dollar meat processing facility.

    Local 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 $94.9k $23.04
    − Vacancy −$20.9k −$5.07
    EGI $74.0k $17.97
    − OpEx −$18.5k −$4.49
    NOI $55.5k $13.48
    4,119 SF · lease $23.04/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $793.1K
    $694.0K – $925.3K (±1% cap)
    NOI $55,518 @ 7.0% cap · market cap 5.55%
    Second Best
    Mixed Use
    $714.9K
    $625.6K – $834.1K (±1% cap)
    NOI $50,046 @ 7.0% cap · market cap 5.00%
    Theoretical Best
    Office A
    $1.02M
    $891.3K – $1.19M (±1% cap)
    NOI $71,306 @ 7.0% cap · market cap 7.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wright City
    County
    Warren
    State
    Missouri
    Longitude
    -91.021787
    Latitude
    38.825408

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with office, apartments, garage, and outbuilding.
    Where is this mixed-use property located?
    The property is located at 17721 North Service Road Wright City, MO.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: I‑70 Frontage with High Visibility on over 2 acres; 4,000 +/- sq. ft. Brick Building with Office Space and 2 Apartments for Instant Income; **3,300 sq ft Outbuilding with 3‑Phase Electric, High Ceilings, and Drive‑in Doors**
    (636) 328-2830 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Logan Strain
    Logan Strain
    Real Estate License ID: MO 2011010930
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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