Renovated Mid-Century Office
For Sale
$1,690,000
429 N Broadview Street, Cape Girardeau, MO 63701
Updated office building with multiple private offices, conference rooms, and an event space with bar and projection screen.
Property Size15,831 SF
Price / SF$169
Days on Market155
Property Features for 429 N Broadview Street
General Information
Standard status
Active
Size
15,831 SF
Additional Details
Drive-In Doors
4
Taxes and HOA fees
Annual Taxes
$8,089
Amenities
Basement, Bathrooms, Kitchen Facilities, Ramp
Accessible Entrance, Accessible Approach with Ramp
Central Air
Forced Air
Chain Link
Building Details
Building Size
15,831 SF
Year Built
1962
Year Renovated
2015
Buildings
1
Listing Agency:
Edge Realty
Listed By:
Jacob Fish · License #2010013545
(573) 450-3791
Source:
Evrealestate
Added: Jun 5
Changed: Oct 26
Last Checked: Nov 4 at 11:56AM
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 Edge Realty
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Investment Insights
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Constructed in 1962, this mid-century modern office building was renovated in 2015 and combines preserved architectural character with upgraded finishes and advanced technology. The building includes a versatile interior with multiple private offices, conference rooms, collaborative workspaces, and an executive office with a private bathroom. An additional event and gathering area features a full bar and a projection screen for meetings, presentations, training, or client events. The structure is built with durable concrete and a steel frame, and practical building access is supported by four overhead doors. Whole-building smart controls manage lighting, climate, security, and other building systems.
Located at 429 N Broadview Street in Cape Girardeau, MO, the property includes eight indoor parking spaces and more than 55 exterior parking spaces. A gated rear parking lot with an automatic entry gate adds security and convenience for staff and visitors.
This offering is well suited for organizations that need both day-to-day office functionality and flexible space for larger presentations or recurring group events. With multiple private offices, meeting rooms, and a dedicated gathering area, the layout can support administrative teams as well as client-facing operations, while overhead doors and parking options provide added operational convenience.
Located at 429 N Broadview Street in Cape Girardeau, MO, the property includes eight indoor parking spaces and more than 55 exterior parking spaces. A gated rear parking lot with an automatic entry gate adds security and convenience for staff and visitors.
This offering is well suited for organizations that need both day-to-day office functionality and flexible space for larger presentations or recurring group events. With multiple private offices, meeting rooms, and a dedicated gathering area, the layout can support administrative teams as well as client-facing operations, while overhead doors and parking options provide added operational convenience.
Key Highlights
- Mid‑century modern office building originally built in 1962 with concrete and steel frame construction
- Approximately 10,000 SF on the main level with multiple private offices, conference rooms, collaborative workspaces, and an executive office with private bathroom
- Event and gathering space with a full bar and projection screen for meetings, presentations, training, or client entertainment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,082
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,741,640
$2.7M
Cap Rate 7%
$1,958,314
$2.0M
Cap Rate 9%
$1,523,133
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$230.4K $23.04/SF
− Vacancy
−$47.6K −$4.76/SF
EGI
$182.8K $18.28/SF
− OpEx
−$45.7K −$4.57/SF
NOI
$137.1K $13.71/SF
Area
Cape Girardeau County, MO
Vacancy
20.67%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,741,640
Cap Rate 7%
$1,958,314
Cap Rate 9%
$1,523,133
Alternative Uses
Best Use
Office B
$1.96M
$1.71M – $2.28M
NOI $137,082 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,836 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
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Business Placement
Demographics for 63701, MO
39,246
Population
17,834
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
132.7 sq mi
ZIP Area
296
Density / Sq Mi
$67,904
Median Household Income
$32,655
Median Earnings
$863
Median Rent
$209,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Updated office building with multiple private offices, conference rooms, and an event space with bar and projection screen.
Where is this office building located?
The property is located at 429 N Broadview Street Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Mid‑century modern office building originally built in 1962 with concrete and steel frame construction; Approximately 10,000 SF on the main level with multiple private offices, conference rooms, collaborative workspaces, and an executive office with private bathroom; Event and gathering space with a full bar and projection screen for meetings, presentations, training, or client entertainment
