Mixed-Use Commercial
For Sale
$895,000
246 W Deerwood Drive, Jackson, MO 63755
Commercial building with retail and automotive repair functionality, office space, customer areas, and substantial on-site parking.
Property Size7,000 SF
Lot Size0.95 Acres
Price / SF$127.86
Days on Market443
Property Features for 246 W Deerwood Drive
General Information
Standard status
Active
Size
7,000 SF
Total Parking Spaces
55
Lot size
0.95 Acres
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,947
Amenities
reception area
private offices
2 bathrooms
break room
Central Air, Electric, Dual
3
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Century 21 Ashland Realty
(573) 334-2121
Listed By:
Sandy Tegel · License #2001014505
Source:
Xome
Added: Jun 15, 2025
Changed: Aug 30
Last Checked: Aug 30 at 11:02PM
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 Century 21 Ashland Realty
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes a 7,000-square-foot building measuring 70 by 100 feet on approximately 0.95 acres within city limits. The existing layout combines retail and automotive repair functionality with a reception area, private offices, two bathrooms, and a break room. Central air and electric service support the interior, which was built in 2007.
The property offers parking for a minimum of 55 vehicles, with additional room for expansion. Approximately 183 feet of frontage along Highway 61 places the building across from the Jackson baseball fields and near the new roundabout. Its combination of customer-facing space, office areas, service-oriented functionality, and highway exposure supports a range of commercial configurations.
The property offers parking for a minimum of 55 vehicles, with additional room for expansion. Approximately 183 feet of frontage along Highway 61 places the building across from the Jackson baseball fields and near the new roundabout. Its combination of customer-facing space, office areas, service-oriented functionality, and highway exposure supports a range of commercial configurations.
Key Highlights
- 7,000‑square‑foot commercial building measuring 70 by 100 feet
- Approximately 0.95 acres within city limits
- Approximately 183 feet of Highway 61 frontage
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
$64,551
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
7.21%
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%
$1,291,020
$1.3M
Cap Rate 7%
$922,157
$922.2K
Cap Rate 9%
$717,233
$717.2K
Market Conditions
NOI Build-Up for 7,000 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
$98.3K $14.04/SF
− Vacancy
−$6.1K −$0.87/SF
EGI
$92.2K $13.17/SF
− OpEx
−$27.7K −$3.95/SF
NOI
$64.6K $9.22/SF
Area
Cape Girardeau County, MO
Vacancy
6.17%
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%
$1,291,020
Cap Rate 7%
$922,157
Cap Rate 9%
$717,233
Alternative Uses
Best Use
Retail
$922.2K
$806.9K – $1.08M
NOI $64,551 @ 7.0% cap · market cap 7.21%
Second Best
Mixed Use
$690.0K
$603.8K – $805.0K
NOI $48,300 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,585 @ 7.0% cap · market cap 17.27%
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
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 63755, MO
27,496
Population
10,867
Households
2.5
Avg Household Size
39
Median Age
35%
College-Educated
95%
High-School Grad
177.1 sq mi
ZIP Area
155
Density / Sq Mi
$82,841
Median Household Income
$41,876
Median Earnings
$977
Median Rent
$233,400
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?
Mixed-use property - Commercial building with retail and automotive repair functionality, office space, customer areas, and substantial on-site parking.
Where is this mixed-use property located?
The property is located at 246 W Deerwood Drive Jackson, MO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 7,000‑square‑foot commercial building measuring 70 by 100 feet; Approximately 0.95 acres within city limits; Approximately 183 feet of Highway 61 frontage
