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    Renovated Commercial Building in Glasgow Title is generated by Realmo AI

    608 1st St, Glasgow, MO 65254

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    For Sale
    $125,000

    COMMERCIAL - Glasgow, MO

    Property size:
    1,365 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $91/SF
    Added:
    Jan 9, 2026
    Days on Market:
    124
    Last Refresh:
    May 13 at 3:06 am

    Property Features for 608 1st St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    Size
    1,365 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    543

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1876
    Floors in Building
    1
    Building materials
    Brick, Block, Frame

    We can help!

    Listing Contact
    Christy Ames

    Listing agent Christy Ames License #2008009039

    Listing office Advantage Real Estate Moberly, MO

    Listing date Jan 9, 2026

    MLS# 26-15

    Copyright © 2026 Randolph County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key investment with immediate income from existing retail tenant under a Triple Net lease through 2026 (tenant pays taxes, insurance, and utilities).
    • Fully renovated commercial building with extensive updates throughout.
    • Prime location in the heart of historic Glasgow, MO, in its commercial district along the Missouri River.
    • New ADA‑compliant front entrance.
    • Recent improvements include a new roof, updated electrical, plumbing, and heating and cooling systems.
    • Built in 1876, offering the opportunity to own a piece of Glasgow's history.

    Overview

    Located in the heart of historic Glasgow, Missouri, along the Missouri River, this fully renovated commercial building presents an investment opportunity. The property has been extensively updated and features a new ADA-compliant front entrance. Currently, the building is leased to a retail boutique through the end of 2026. The lease is a Triple Net lease, where the tenant is responsible for taxes, insurance, and utilities. Recent improvements include a new roof, updated electrical, plumbing, and heating and cooling systems, along with additional upgrades. The property is located in Glasgow's prime commercial district. The lot size is 0.05 acres and the property size is 1365 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iaa Car Dealership Sauced Boutique Clothing & Fashion Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Glasgow
    County
    Howard
    State
    Missouri
    Longitude
    -92.846649
    Latitude
    39.226711

    Nearby Similar for Sale

    • $408,000
      3,080 SF

      Renovated Commercial Office Space

      Historic office space in downtown Glasgow, MO. Leased until 2027.
      518 1st St, Glasgow, MO 65254
      View Details
    • $60,000
      405 SF

      Renovated Commercial Building in Glasgow

      Turn-key commercial building in historic Glasgow, MO. Leased through 2026.
      605 2nd St, Glasgow, MO 65254
      View Details
    • $248,000

      Commercial Building in Glasgow, MO

      Versatile commercial complex with apartment and room to build.
      1200 Randolph St, Glasgow, MO 65254
      View Details

    FAQs

    What type of property is this?
    Storefront property - Turn-key commercial building in historic Glasgow, MO for sale.
    Where is this storefront property located?
    The property is located at 608 1st St Glasgow, MO.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Turn‑key investment with immediate income from existing retail tenant under a Triple Net lease through 2026 (tenant pays taxes, insurance, and utilities).; Fully renovated commercial building with extensive updates throughout.; Prime location in the heart of historic Glasgow, MO, in its commercial district along the Missouri River.
    (660) 833-5828
    We can help!
    Listing Contact
    Christy Ames
    Real Estate License ID: 2008009039
    Learn More
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    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.

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