475 N Lincoln Dr, Troy, MO 63379

Building Details

Buildings 1 More

Tenancy Multi More

Listing Agency: Shockley Commercial/Industrial Show Phone

Listed By: Douglas Tinkham Show Phone

Source: Moodyscre

Added: Nov 10 Changed: Nov 12 Last Checked: Nov 12 at 2:44PM

Report an Issue

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 Shockley Commercial/Industrial

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Set on 0.86 acres, this 1,350-square-foot mixed-use building has been remodeled and arranged as two distinct spaces. The salon area includes multiple stations with water service, a reception and checkout area, rear storage, and a bathroom. The adjoining office space offers three offices, a bathroom, storage, and washer and dryer hookups; water connections are stubbed into the offices.

A recently resurfaced parking lot serves the property. The combination of salon and office improvements provides separate functional areas within one building.

Key Highlights

• 1,350‑square‑foot building on 0.86 acres
• Remodeled interior divided into salon and office areas
• Salon includes multiple water‑served stations, reception and checkout area, storage, and a bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,403

Cap Rate

3.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$328,060 $328.1K

Cap Rate 7%

$234,329 $234.3K

Cap Rate 9%

$182,256 $182.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,350 SF

Gross rent

$29.2K $21.60/SF

− Vacancy

−$2.9K −$2.16/SF

EGI

$26.2K $19.44/SF

− OpEx

−$9.8K −$7.29/SF

NOI

$16.4K $12.15/SF

Area

Lincoln County, MO

Vacancy

10.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$328,060

Cap Rate 7%

$234,329

Cap Rate 9%

$182,256

Alternative Uses

Best Use

Mixed Use

$234.3K

$205.0K – $273.4K (±1% cap)

NOI $16,403 @ 7.0% cap · market cap 3.65%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$333.9K

$292.1K – $389.5K (±1% cap)

NOI $23,370 @ 7.0% cap · market cap 5.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Spa & wellness properties

Suggested Use

Top Pick Electrical Service Building Supply Plumbing Service Locksmith Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

359

Businesses Nearby

Explore this area Business Placement

Demographics for 63379, MO

26,583

Population

10,464

Households

2.5

Avg Household Size

38

Median Age

21%

College-Educated

94%

High-School Grad

135.9 sq mi

ZIP Area

196

Density / Sq Mi

$86,844

Median Household Income

$47,088

Median Earnings

$976

Median Rent

$238,500

Median Home Value

Similar For Sale Nearby

See more

Office Building with Hardwood Floors

541 E Cherry Street, Troy, MO 63379

$308,800

0.22 Acres

View details

Historic Two-Story Office Building

320 Main St, Troy, MO 63379

$350,000

2,772 SF

View details

Automotive Building with Service Lifts

108 N Lincoln Drive, Troy, MO 63379

$2,750,000

1.13 Acres

View details

Denny’s Retail Property

1 Merlin Drive, Troy, MO 63379

$125,000

View details

Flex Space with Outdoor Storage

255 Firehouse Ln, Troy, MO 63379

Contact for pricing

3.22 Acres

View details

Storefront Retail Property

180 East Cherry Street, Troy, MO 63379

Contact for pricing

View details

Large-Scale Storage Facility in Troy

366 Gravens Rd, Troy, MO

Contact for pricing

35.71 Acres

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - The building pairs a salon setup with a separate office area, each with dedicated support space.

Where is this mixed-use property located?

The property is located at 475 N Lincoln Dr Troy, MO.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 1,350‑square‑foot building on 0.86 acres; Remodeled interior divided into salon and office areas; Salon includes multiple water‑served stations, reception and checkout area, storage, and a bathroom