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    Historic Bed & Breakfast Property Title is generated by Realmo AI

    415 E 1st Street, Hermann, MO 65041

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    Claim this Listing
    New
    For Sale
    $525,000

    Commercial Sale - Hermann, MO

    Property size:
    3,592 SF
    Price / SF:
    $146/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 8:06 am

    Property Features for 415 E 1st Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    4
    Parking features
    Carport
    Security features
    Smoke Detector(s)
    Exterior features
    Fencing
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Ice Maker, Microwave, Range, Range - Gas, Refrigerator, Washer, Washer/Dryer Combo, Water - Softener
    Standard status
    Active
    APN
    02-7.0-25-004-002-005.000
    Size
    3,592 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2344

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1880
    Flooring type
    Wood
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Pamela Russina

    Listing agent Pamela Russina License #1625594

    Listing office Trademark Real Estate, Inc 219 Main Street, Saint Peters, MO

    Listing date Jun 3, 2026

    MLS# 25038197 Listing URL

    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.

    HighLights

    • National Register of Historic Places‑listed historic bed & breakfast (3‑story mansion) in downtown Hermann
    • Dual HVAC with modern plumbing and electrical systems, plus 10' ceilings and wood flooring
    • 4 bedrooms/bathrooms with furnishings and decor included (some personal items excluded)
    • Large 2‑story detached garage on the property with plenty of storage space
    • On‑site carport parking and fenced yard
    • Kitchen amenities include dishwasher, garbage disposer, microwave, range, and range (gas) plus refrigerator

    Overview

    This 3-story historic mansion, built in 1883, is listed on the National Register of Historic Places and currently operates as a bed & breakfast. Following extensive renovations and improvements, the property features spacious rooms with 10' ceilings and notable woodwork. Modern plumbing and electric have been updated, along with dual HVAC. The home includes four bedrooms and four bathrooms, and furnishings and decor are included with the exception of some personal items.

    The Wohlt House is located in the heart of downtown Hermann and is described as a short walk from the train station, restaurants, shops, wineries, and other tourist attractions. A large 2-story detached garage on-site provides additional storage space.

    For hospitality investors or operators seeking a ready-to-run concept, the property offers a turnkey bed & breakfast setup within a preserved historic framework, supported by modern mechanicals. The detached garage adds practical storage for operations and guest needs, while the guest room layout and ceiling height support an upscale, comfortable experience for overnight stays.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Wine Country Cottage — 1005 Market St, Hermann, MO 65041
    • Siute Simplicity — 1011 Schieffer's Branch Rd, Hermann, MO 65041
    • Alemania Haus — 1204A Market St, Hermann, MO 65041
    • Hideaway Guest House — 113 W 9th St, Hermann, MO 65041
    • retrohaus — 1101 Market St, Hermann, MO 65041

    Location Insight

    • Map
    • Local Demand
    City
    Hermann
    County
    Gasconade
    State
    Missouri
    Longitude
    -91.42961942
    Latitude
    38.70667722

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    FAQs

    What type of property is this?
    Bed & breakfast - Turn-key historic mansion bed & breakfast with modern systems and spacious guest rooms, plus detached two-story garage storage.
    Where is this bed & breakfast located?
    The property is located at 415 E 1st Street Hermann, MO.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: National Register of Historic Places‑listed historic bed & breakfast (3‑story mansion) in downtown Hermann; Dual HVAC with modern plumbing and electrical systems, plus 10' ceilings and wood flooring; 4 bedrooms/bathrooms with furnishings and decor included (some personal items excluded)
    (314) 690-8447
    We can help!
    Listing Contact
    Pamela Russina
    Real Estate License ID: 1625594
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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.

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