Union MO Retail
For Sale
Contact for pricing
3 S Oak St, Union, MO
Remodeled retail space with tenant in place in downtown Union.
Property Size2,396 SF
Lot Size0.10 Acres
Price / SF$93.91
Days on Market325
Property Features for 3 S Oak St
General Information
Standard status
Active
Size
2,396 SF
Lot size
0.10 Acres
Property subtype
RETAIL
Listing Agency:
Dolan Realtors | Washington
(314) 220-0783
Listed By:
Penny Rombach
(314) 220-0783
Source:
Moodyscre
Added: Sep 30, 2025
Changed: Aug 14
Last Checked: Aug 19 at 2:48PM
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 Dolan Realtors | Washington
Investment Insights
Based on property information with market context.
Located in downtown Union, Missouri, this property presents an opportunity for investment or business use. The one-story building, as per tax records, has 2112 square feet. The property features a remodeled upfront space equipped with a commercial kitchen sink and ample storage. It includes updated ADA-compliant restrooms. The building has a large front entry foyer area and a side alley entrance with a 42-inch wide door. It is equipped with 3-phase electric and features towering old-style tin ceilings. The property is currently occupied by a tenant who is interested in remaining. The total property size is 2396 square feet.
Key Highlights
- Downtown Union location presents investment or business opportunities.
- Tenant in place, offering immediate rental income potential.
- Remodeled space with commercial kitchen sink and ample storage.
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
$15,216
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
6.76%
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%
$304,320
$304.3K
Cap Rate 7%
$217,371
$217.4K
Cap Rate 9%
$169,067
$169.1K
Market Conditions
NOI Build-Up for 2,396 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
$22.7K $9.48/SF
− Vacancy
−$977 −$0.41/SF
EGI
$21.7K $9.07/SF
− OpEx
−$6.5K −$2.72/SF
NOI
$15.2K $6.35/SF
Area
Franklin County, MO
Vacancy
4.30%
Lease Rate
$9.48 /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%
$304,320
Cap Rate 7%
$217,371
Cap Rate 9%
$169,067
Alternative Uses
Best Use
Specialty Retail
$371.8K
$325.4K – $433.8K
NOI $26,029 @ 7.0% cap · market cap 11.57%
Second Best
Retail
$322.3K
$282.0K – $376.0K
NOI $22,559 @ 7.0% cap · market cap 10.03%
Theoretical Best
Office A
$705.4K
$617.2K – $823.0K
NOI $49,377 @ 7.0% cap · market cap 21.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 42%
Home Improvements & Furnishings 1%
MotoMart
Shops & Services
17,205 visits/mo
0.3 miles
Taco Bell
Dining
14,017 visits/mo
0.3 miles
SONIC Drive In
Dining
8,869 visits/mo
0.4 miles
Hardee's
Dining
6,831 visits/mo
0.3 miles
Jimmy John's
Dining
5,363 visits/mo
0.4 miles
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 - Remodeled retail space with tenant in place in downtown Union.
Where is this retail space located?
The property is located at 3 S Oak St Union, MO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Downtown Union location presents investment or business opportunities.; Tenant in place, offering immediate rental income potential.; Remodeled space with commercial kitchen sink and ample storage.
