Building Details

Year built 1876

Floors in Building 1

Building materials Brick, Block, Frame

Listing Agency: Advantage Real Estate c***@askadvantage.com Show Phone

Listed By: Christy Ames · License #2008009039 Show Phone

Added: Jan 9 Changed: Oct 9 Last Checked: Oct 9 at 5:06PM

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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.

Investment Insights

Based on property information with market context.

Built in 1876, this 1,365-square-foot commercial building is configured for retail use and has undergone extensive renovation. The property includes a new ADA-compliant front entry, roof replacement, refreshed electrical and plumbing systems, and updated heating and cooling. Brick, block, and frame construction are complemented by forced-air natural gas heat and central air conditioning.

The building is occupied by a retail boutique under a Triple Net lease through the end of 2026. The lease structure places taxes, insurance, and utilities with the tenant. Located at 608 1st St in Glasgow, Missouri, the property sits within the city’s historic commercial district and includes public water and public sewer service.

Key Highlights

• 1,365 SF commercial building on 0.05 acres
• Triple Net lease with retail boutique through the end of 2026
• 1876 construction with extensive renovations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,189

Cap Rate

4.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$103,780 $103.8K

Cap Rate 7%

$74,129 $74.1K

Cap Rate 9%

$57,656 $57.7K

Market Conditions

NOI Build-Up for 1,365 SF

Gross rent

$7.5K $5.52/SF

− Vacancy

−$122 −$0.09/SF

EGI

$7.4K $5.43/SF

− OpEx

−$2.2K −$1.63/SF

NOI

$5.2K $3.80/SF

Area

Howard County, MO

Vacancy

1.62%

Lease Rate

$5.52 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$103,780

Cap Rate 7%

$74,129

Cap Rate 9%

$57,656

Alternative Uses

Best Use

Retail

$74.1K

$64.9K – $86.5K (±1% cap)

NOI $5,189 @ 7.0% cap · market cap 4.15%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$211.6K

$185.2K – $246.9K (±1% cap)

NOI $14,814 @ 7.0% cap · market cap 11.85%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Iaa Car Dealership Sauced Boutique Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Hair Salon Bakery Pharmacy Storage Facility

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

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

141

Businesses Nearby

Explore this area Business Placement

Demographics for 65254, MO

1,778

Population

925

Households

1.9

Avg Household Size

43

Median Age

27%

College-Educated

92%

High-School Grad

103.9 sq mi

ZIP Area

17

Density / Sq Mi

$61,818

Median Household Income

$41,275

Median Earnings

$661

Median Rent

$139,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

NNN property - Leased retail building with updated systems and an ADA-compliant entrance.

Where is this nnn 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: 1,365 SF commercial building on 0.05 acres; Triple Net lease with retail boutique through the end of 2026; 1876 construction with extensive renovations