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Brick Office Unit with Basement
For Sale
$224,900

203 W Booneslick Road, Warrenton, MO 63383

Commercial Sale, Warrenton, MO

Property Size1,528 SF
Lot Size0.18 Acres
Price / SF$147.19
Days on Market93

Property Features for 203 W Booneslick Road

General Information

Property type Commercial Sale
Property subtype Office
Appliances Dishwasher, Electric Range, Refrigerator, Gas Water Heater
Directions I-70 W to exit 193 for MO-47 (Warrenton), left onto S. Hwy 47, follow for .8 miles to a right on Booneslick Rd/E Main St. Destination is a half mile on the right.
Subdivision 469 - Warrenton R-3
Standard status Active
APN 05-28.0-2-17-006.000.000
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1786

Utilities

Utilities Propane
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1920
Building materials Brick
Listing Agency: Westbound Real Estate LLC
Listed By: Phil Reid
Added: Jul 22 Changed: Oct 16 Last Checked: Oct 22 at 6:06PM
MLS# 26013425

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.

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Investment Insights

Based on property information with market context.

This brick commercial building dates to 1920 and offers 0.183 acres in Warrenton. The interior includes a spacious dining area, high ceilings, original woodwork, a butler’s pantry, two bedrooms, and one bathroom. An attic and full basement provide additional storage or utility areas, while a covered front porch defines the entry. Central air, forced-air heat, a gas water heater, electric range, refrigerator, and dishwasher are in place.

The property is located at 203 W Booneslick Road on Main Street in Warrenton, with C-2 zoning. A gravel area behind the building provides parking space. Public water service and propane are available, and the exterior is constructed of brick.

Key Highlights

  • 1,528 Sq Ft commercial building on 0.183 acres
  • C‑2 zoning at 203 W Booneslick Road, Warrenton
  • Brick construction with 1920 year built

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$20,595
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,900 $411.9K
Cap Rate 7%
$294,214 $294.2K
Cap Rate 9%
$228,833 $228.8K
Market Conditions
NOI Build-Up for 1,528 SF
Gross rent
$35.2K $23.04/SF
− Vacancy
−$7.7K −$5.07/SF
EGI
$27.5K $17.97/SF
− OpEx
−$6.9K −$4.49/SF
NOI
$20.6K $13.48/SF
Area
Warren County, MO
Vacancy
22.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,900
Cap Rate 7%
$294,214
Cap Rate 9%
$228,833

Alternative Uses

Best Use
Office B
$294.2K
$257.4K – $343.3K (±1% cap)
NOI $20,595 @ 7.0% cap · market cap 9.16%
Second Best
Retail
$205.9K
$180.2K – $240.3K (±1% cap)
NOI $14,416 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$377.9K
$330.7K – $440.9K (±1% cap)
NOI $26,452 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Locksmith Accounting Firm Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

394
Businesses Nearby

Demographics for 63383, MO

15,340
Population
6,523
Households
2.4
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
160.1 sq mi
ZIP Area
96
Density / Sq Mi
$75,833
Median Household Income
$39,152
Median Earnings
$1,021
Median Rent
$227,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - C-2 zoning and a flexible interior include dining space, high ceilings, a butler’s pantry, attic, and full basement.
Where is this office unit located?
The property is located at 203 W Booneslick Road Warrenton, MO.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 1,528 Sq Ft commercial building on 0.183 acres; C‑2 zoning at 203 W Booneslick Road, Warrenton; Brick construction with 1920 year built
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