Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Premier Shopping Destination in Troy Title is generated by Realmo AI

    55 The Plz, Troy, MO 63379

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime retail spaces for lease in a growing market.

    Type:Retail
    Added:
    Sep 8, 2024
    Days on Market:
    629
    Last Refresh:
    May 12 at 10:55 pm

    Property Features for 55 The Plz

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1995

    Spaces For Lease

    at 55 The Plz Contact us

    16-17 $12/Mo

    Size
    3,000 SF
    Type
    Retail
    Contact us

    5-6 $12/Mo

    Size
    10,000 SF
    Type
    Retail
    Contact us

    7B $12/Mo

    Size
    6,030 SF
    Type
    Retail
    Contact us

    73 $30/Mo

    Size
    2,733 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Eddie Cherry
    Eddie Cherry

    Listing agent Eddie Cherry License #2008027591

    Listing office Manor Real Estate

    Listing date Sep 8, 2024

    Source Crexi

    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 Manor Real Estate

    HighLights

    • Premier shopping destination in Troy.
    • Strategically located along Highway 47.
    • Positioned in a rapidly growing market with a 4.1% growth rate.
    • Unparalleled visibility and accessibility.
    • Synergistic retail opportunities.
    • Flexible spaces for lease.

    Overview

    The Plaza is a shopping destination located along Highway 47 in Troy, Missouri. The location benefits from a rapidly growing market with a growth rate of 4.1%. The property offers retail opportunities and flexible spaces for lease, suitable for various businesses aiming to capitalize on Troy's economy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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

    • Quick-Tag — Walmart Supercenter, 101 State Hwy 47, Troy, MO 63379
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Central, 1 Troy Square, Troy, MO 63379

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Lincoln
    State
    Missouri
    Longitude
    -90.979635
    Latitude
    38.986067

    Nearby Similar for Lease

    • $2,500/Mo
      2,013 SF

      Remodeled Commercial Building in Troy

      Remodeled commercial building with highway access and flexible space.
      302 S Lincoln Drive, Troy, MO 63379
      View Details
    • $2,700/Mo
      1,276 SF

      Former Drive-In Restaurant for Lease

      Equipped restaurant space with drive-in, ready for new operator.
      891 E Cherry Street, Troy, MO 63379
      View Details
    • $1,300/Mo
      2,013 SF

      Remodeled Commercial Building Near Highway

      Remodeled commercial building with highway access in Troy, Missouri.
      302 S Lincoln Drive, Troy, MO 63379
      View Details
    • $1,300/Mo
      2,013 SF

      Remodeled Commercial Building in Troy

      Newly remodeled commercial building with excellent visibility and access.
      302 S Lincoln Drive, Troy, MO 63379
      View Details
    • $3,000/Mo

      Troy Office Building For Lease

      Office building for lease with multiple exam rooms and entrances.
      104 Sarah Ann Boulevard, Troy, MO 63379
      View Details
    • $15 SF/Yr
      6,698 SF

      Newer Retail Space in Troy

      Newer construction retail space available for rent in Troy, MO.
      60 Business Park Drive Drive, Troy, MO 63379
      View Details
    • $30 SF/Yr
      2,733 SF

      Premier Shopping Destination in Troy

      Prime retail spaces for lease in Troy's growing market.
      5-83 The Plaza, Troy, MO
      View Details

    FAQs

    What type of property is this?
    Shopping center - Prime retail spaces for lease in a growing market.
    Where is this shopping center located?
    The property is located at 55 The Plz Troy, MO.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Premier shopping destination in Troy.; Strategically located along Highway 47.; Positioned in a rapidly growing market with a 4.1% growth rate.
    (314) 647-6611 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eddie Cherry
    Eddie Cherry
    Real Estate License ID: 2008027591
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    55 The Plz, Troy, MO 63379
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!