Mixed-Use Property with Display
For Sale
$280,000
520 Broadway Street, Cape Girardeau, MO 63701
Remodeled one-bedroom apartment above a street-level commercial space with Broadway frontage and large display windows.
Property Size2,900 SF
Days on Market256
Property Features for 520 Broadway Street
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Commercial
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$447
Amenities
expansive display windows
Building Details
Building Size
2,900 SF
Year Built
1920
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
EDGE Realty ERA Powered
(573) 450-3791
Listed By:
Jacob Fish · License #2010013545
(573) 450-3791
Source:
Exit2newbeginningz
Added: Dec 4, 2025
Changed: Aug 14
Last Checked: Aug 16 at 3:49PM
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 ERA Powered
Investment Insights
Based on property information with market context.
Built in 1920, this mixed-use property combines a remodeled upper-level apartment with a street-level commercial space. The apartment includes one bedroom, hardwood floors, exposed brick accents, and a private entrance, providing a distinct residential component for rental occupancy or an owner occupant.
The commercial area fronts Broadway Street and includes expansive display windows for storefront presentation. The space is unfinished and can be completed for a business or future tenant, subject to applicable requirements. The property is located at 520 Broadway Street in Cape Girardeau, Missouri.
The commercial area fronts Broadway Street and includes expansive display windows for storefront presentation. The space is unfinished and can be completed for a business or future tenant, subject to applicable requirements. The property is located at 520 Broadway Street in Cape Girardeau, Missouri.
Key Highlights
- Remodeled upper‑level 1 bedroom apartment
- Hardwood floors and exposed brick accents in the apartment
- Private entrance for the upper‑level residence
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
$20,010
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
7.15%
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%
$400,200
$400.2K
Cap Rate 7%
$285,857
$285.9K
Cap Rate 9%
$222,333
$222.3K
Market Conditions
NOI Build-Up for 2,900 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
$34.8K $12.00/SF
− Vacancy
−$2.8K −$0.96/SF
EGI
$32.0K $11.04/SF
− OpEx
−$12.0K −$4.14/SF
NOI
$20.0K $6.90/SF
Area
Cape Girardeau County, MO
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$400,200
Cap Rate 7%
$285,857
Cap Rate 9%
$222,333
Alternative Uses
Best Use
Retail
$382.0K
$334.3K – $445.7K
NOI $26,743 @ 7.0% cap · market cap 9.55%
Second Best
Mixed Use
$285.9K
$250.1K – $333.5K
NOI $20,010 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$914.9K
$800.5K – $1.07M
NOI $64,042 @ 7.0% cap · market cap 22.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
182k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Shops & Services 8%
Apparel 8%
McDonald's
Dining
31,870 visits/mo
0.3 miles
Culver's
Dining
28,406 visits/mo
0.3 miles
Taco Bell
Dining
19,619 visits/mo
0.2 miles
Andy's Frozen Custard
Dining
16,079 visits/mo
0.3 miles
Burger King
Dining
15,161 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled one-bedroom apartment above a street-level commercial space with Broadway frontage and large display windows.
Where is this mixed-use property located?
The property is located at 520 Broadway Street Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Remodeled upper‑level 1 bedroom apartment; Hardwood floors and exposed brick accents in the apartment; Private entrance for the upper‑level residence
