Renovated Three-Unit
For Sale
Contact for pricing
610 E Buffalo St, Bolivar, MO 65613
Updated commercial units provide flexible occupancy options with on-site parking for tenants and visitors.
Property Size3,360 SF
Price / SF$223.21
Days on Market9
Property Features for 610 E Buffalo St
General Information
Standard status
Active
Size
3,360 SF
Total Parking Spaces
20
Property subtype
Retail, Office
Building Details
Year Built
2003
Units
3
Listing Agency:
Partin Real Estate
Listed By:
Robert M Partin · License #MO 2014004709
Source:
Crexi
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 19 at 6:05PM
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 Partin Real Estate
Investment Insights
Based on property information with market context.
This storefront property contains 3 commercial units within a 3,360-square-foot building constructed in 2003. Each unit has been renovated within the last year, and the property includes plenty of on-site parking. Lease terms are identified as 3, 5, and 9 years.
Located at 610 E Buffalo St in Bolivar, Missouri, the property is near the Springfield Avenue and Buffalo Street area. The three-unit layout, recent renovations, and existing leases provide a clearly defined commercial configuration.
Located at 610 E Buffalo St in Bolivar, Missouri, the property is near the Springfield Avenue and Buffalo Street area. The three-unit layout, recent renovations, and existing leases provide a clearly defined commercial configuration.
Key Highlights
- 3,360‑square‑foot storefront property
- Three commercial units in one building
- All units renovated within the last year
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
$26,625
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
3.55%
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%
$532,500
$532.5K
Cap Rate 7%
$380,357
$380.4K
Cap Rate 9%
$295,833
$295.8K
Market Conditions
NOI Build-Up for 3,360 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
$37.1K $11.04/SF
− Vacancy
−$1.6K −$0.47/SF
EGI
$35.5K $10.57/SF
− OpEx
−$8.9K −$2.64/SF
NOI
$26.6K $7.92/SF
Area
Polk County, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$532,500
Cap Rate 7%
$380,357
Cap Rate 9%
$295,833
Alternative Uses
Best Use
Office B
$380.4K
$332.8K – $443.8K
NOI $26,625 @ 7.0% cap · market cap 3.55%
Second Best
Retail
$357.2K
$312.6K – $416.8K
NOI $25,005 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$507.1K
$443.7K – $591.7K
NOI $35,499 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65613, MO
17,890
Population
7,327
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
184.9 sq mi
ZIP Area
97
Density / Sq Mi
$56,919
Median Household Income
$31,765
Median Earnings
$828
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Updated commercial units provide flexible occupancy options with on-site parking for tenants and visitors.
Where is this storefront property located?
The property is located at 610 E Buffalo St Bolivar, MO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,360‑square‑foot storefront property; Three commercial units in one building; All units renovated within the last year
