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    Versatile Commercial Building in Jamesport, MO Title is generated by Realmo AI

    302 S Broadway Street, Jamesport, MO 64648

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    Claim this Listing
    For Sale
    $800,000

    SINGLE_FAMILY - Jamesport, MO

    Type:Retail
    Lot size:
    0.95 Acres
    Added:
    Dec 18, 2025
    Days on Market:
    146
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 302 S Broadway Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    Com
    Parking features
    Parking Lot
    Interior features
    Private Restroom, Public Restroom
    Exterior features
    Pole Sign
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    0982341010902
    Lot size
    0.95 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7553

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    2012
    Floors in Building
    1

    We can help!

    Listing Contact
    Melissa Purkapile

    Listing agent Melissa Purkapile License #2006008970

    Listing office Century 21 Team Elite 1724 E 9th Street, MO

    Listing date Dec 18, 2025

    MLS# 2592575

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 9,626 sq ft commercial building constructed in 2012, suitable for diverse commercial uses.
    • New Conklin coating roof installed in May 2025 with transferable warranty.
    • Equipped with 3‑phase power, functional HVAC, and existing coolers/freezer units on a central refrigeration system.
    • Excellent location in the heart of Jamesport, MO, near the community center and downtown retail.
    • Features a rear loading dock, two storefront entrances with covered patios, and a 16‑camera security system.
    • Ample parking with concrete and gravel areas on a site just under one acre.

    Overview

    Located in Jamesport, Missouri, this 9,626+/- square foot commercial building, constructed in 2012, presents an opportunity for various commercial uses. Previously a grocery store, the property features infrastructure suitable for food service, retail, or cold storage. The building includes concrete floors throughout, metal siding, and a stone facade. The interior layout features a retail area, two bathrooms, an office, a breakroom, and a backroom storage area. It is equipped with 3-phase power, a functional HVAC system, and existing coolers and freezer units that operate off a central refrigeration system. A new Conklin coating roof installed in May 2025 comes with a transferable warranty. Additional features include a rear loading dock with overhead door, two double-entry storefront doors with covered concrete patio areas, and a 16-camera security system with audio and video monitoring. The site sits on just under one acre, providing ample parking with concrete across the storefront and additional gravel parking. The property is surrounded by a community center and downtown retail businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jamesport Grocery Grocery & Convenience Store Mac Paper Supply Big Box & Wholesale Store

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic Big Box & Wholesale Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamesport
    County
    Daviess
    State
    Missouri
    Longitude
    -93.8016299
    Latitude
    39.9738791

    FAQs

    What type of property is this?
    Grocery and convenience store - Well-maintained 9,626+/- sqft commercial building suitable for various uses.
    Where is this grocery and convenience store located?
    The property is located at 302 S Broadway Street Jamesport, MO.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Large 9,626 sq ft commercial building constructed in 2012, suitable for diverse commercial uses.; New Conklin coating roof installed in May 2025 with transferable warranty.; Equipped with 3‑phase power, functional HVAC, and existing coolers/freezer units on a central refrigeration system.
    (660) 359-1101
    We can help!
    Listing Contact
    Melissa Purkapile
    Real Estate License ID: 2006008970
    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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