Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Jefferson City Class A Office Title is generated by Realmo AI

    601 Monroe St, Jefferson City, MO

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Class A office building in the heart of Jefferson City.

    Type:OFFICE
    Property size:
    2,702 SF
    Lot size:
    1.98 Acres
    Price / SF:
    $1,443/SF
    Added:
    Jun 21, 2024
    Days on Market:
    714
    Last Refresh:
    May 19 at 10:56 pm

    Property Features for 601 Monroe St

    General Information

    Standard status
    Active
    Size
    2,702 SF
    Lot size
    1.98 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Chris Gates
    Chris Gates

    Listing agent Chris Gates License #2005032773

    Listing office Kolb Properties

    Listing date Jun 21, 2024

    Source Moodyscre

    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 Kolb Properties

    HighLights

    • Class A office building in the heart of Jefferson City.
    • Located in close proximity to the capital and downtown Jefferson City.
    • Approximately 43,230 SF total.
    • Tenants include Bartlett & West, Newman, Comley, & Ruth Law, and Septagon Construction Co.
    • 10,733 SF available on the first floor for lease.
    • 2,702 SF available on the third floor (Suite 304).

    Overview

    This Class A office building is situated in the heart of Jefferson City, in close proximity to the capital and downtown Jefferson City. The building has a total area of approximately 43,230 square feet. Tenants include Bartlett & West, Newman, Comley, & Ruth Law, and Septagon Construction Co. There is 2,702 square feet available on the third floor in suite 304.
    Property Profile Location Intelligence

    Current Use by Public Records

    Newman Comley & Ruth ... Law Firm Mark W. Comley Law Firm Martin Cathleen A Law Firm Hahn Sharie L Law Firm Bartlett & West General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson City
    County
    Cole
    State
    Missouri
    Longitude
    -92.173
    Latitude
    38.5714

    Nearby Similar for Sale

    • $525,000
      4,600 SF

      Value-Add Investment Opportunity

      Four-unit building with rental upside in Jefferson City, Missouri.
      5119 DEER Ridge, Jefferson City, MO 65109
      View Details
    • $349,900
      3,432 SF

      Turnkey 4-Plex in Jefferson City

      Updated 4-unit apartment building with immediate cash flow.
      5216 COLLIER Court, Jefferson City, MO 65109
      View Details
    • $357,500
      3,432 SF

      Turnkey 4-Plex in Jefferson City

      Updated 4-unit apartment building with immediate cash flow.
      5217 COLLIER Court, Jefferson City, MO 65109
      View Details
    • $357,500
      3,432 SF

      Turnkey Jefferson City 4-Plex

      Fully occupied 4-unit apartment building in a strong rental location.
      5213 COLLIER Court, Jefferson City, MO 65109
      View Details
    • $109,900
      1,629 SF

      Jefferson City Duplex: Handyman Special

      Duplex in Jefferson City, Missouri, ideal for investors.
      811 CLARK Avenue, Jefferson City, MO 65101
      View Details
    • $369,900
      3,432 SF

      Turnkey 4-Plex in Jefferson City

      Cash-flowing, fully managed 4-unit apartment building in a strong location.
      5121 S BROOKS Drive, Jefferson City, MO 65109
      View Details
    • $1,010,000
      3,000 SF

      Retail Pad Site For Sale

      Two-tenant retail pad site with drive-thru in Jefferson City.
      3748 W Truman Blvd, Jefferson City, MO
      View Details
    • $549,900
      5,000 SF

      Commercial Property in Jefferson City

      Commercial property for sale in central Jefferson City, Missouri.
      3605 COUNTRY CLUB Drive, Jefferson City, MO 65109
      View Details
    • $9,065,850

      Regional Mall with National Anchors

      92% occupied regional mall with 3.5 million annual visitors.
      3600 Country Club Dr, Jefferson City, MO 65109
      View Details
    • $1,758,969
      6,029 SF

      Oil Changers Investment Opportunity

      NNN leased Oil Changers with car wash in Missouri.
      1510 Missouri Blvd, Jefferson City, MO
      View Details
    • $2,733,000

      Walgreens Retail Property For Sale

      Corporate Walgreens with 20+ year operating history and low rent.
      3740 W Truman Blvd, Jefferson City, MO 65109
      View Details
    • $1,010,000

      Retail Pad Near Capital Mall

      Two-tenant retail pad leased to Jimmy John’s and Sport Clips.
      3750 W Truman Blvd, Jefferson City, MO 65109
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office building in the heart of Jefferson City.
    Where is this office building located?
    The property is located at 601 Monroe St Jefferson City, MO.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: Class A office building in the heart of Jefferson City.; Located in close proximity to the capital and downtown Jefferson City.; Approximately 43,230 SF total.
    (573) 644-4636 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Gates
    Chris Gates
    Real Estate License ID: 2005032773
    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
    601 Monroe St, Jefferson City, MO
    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!