Medical Center with Surgery
New
For Sale
$4,650,000
65 Doctors Park, Cape Girardeau, MO 63703
Commercial Sale, Cape Girardeau, MO
Property Size20,000 SF
Lot Size1.91 Acres
Price / SF$232.50
Days on Market4
Property Features for 65 Doctors Park
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
Doctors Park
Standard status
Active
APN
20-314-00-06-00600-0000
Lot size
1.91 Acres
Additional Details
Currently Operating
Yes
Property Use
Medical Office
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
51105
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Electric, Central Air
Building Details
Year built
2012
Building materials
Brick
Buildings
1
Listing Agency:
EDGE Realty ERA Powered
(573) 335-8111
Listed By:
Jacob Fish · License #2010013545
(573) 450-3791
Added: Oct 29
Changed: Oct 30
Last Checked: Nov 1 at 1:06PM
MLS# 26069470
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 65 Doctors Park, this 20,000-square-foot medical facility is divided between a 12,500-square-foot medical practice area and a 7,500-square-foot outpatient surgery center. Built in 2012 with brick construction, the medical portion includes 12 exam rooms and a large procedure room, with capacity for 8+ physicians. The surgical component has 2 operating rooms, a large procedure room, 7 preop beds, 8 postop beds and 4 overnight beds, plus full-scale sterilization and SPD capabilities.
The property occupies a 1.91-acre site in a medical and professional services subdivision. It has 326 feet of frontage on I-55 and is less than one mile from three major hospitals. Several large retailers are also nearby, and the interstate carries daily traffic of 30,000+.
The property occupies a 1.91-acre site in a medical and professional services subdivision. It has 326 feet of frontage on I-55 and is less than one mile from three major hospitals. Several large retailers are also nearby, and the interstate carries daily traffic of 30,000+.
Key Highlights
- 20,000‑square‑foot medical facility on 1.91 acres
- 12,500‑square‑foot practice area with 12 exam rooms and capacity for 8+ physicians
- 7,500‑square‑foot surgery center with 2 operating rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$274,164
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,483,280
$5.5M
Cap Rate 7%
$3,916,629
$3.9M
Cap Rate 9%
$3,046,267
$3.0M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$460.8K $23.04/SF
− Vacancy
−$95.2K −$4.76/SF
EGI
$365.6K $18.28/SF
− OpEx
−$91.4K −$4.57/SF
NOI
$274.2K $13.71/SF
Area
Cape Girardeau County, MO
Vacancy
20.67%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,483,280
Cap Rate 7%
$3,916,629
Cap Rate 9%
$3,046,267
Alternative Uses
Best Use
Office B
$3.92M
$3.43M – $4.57M
NOI $274,164 @ 7.0% cap · market cap 5.90%
Second Best
Healthcare Medical
$3.01M
$2.63M – $3.51M
NOI $210,420 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$6.31M
$5.52M – $7.36M
NOI $441,672 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
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Business Placement
Demographics for 63703, MO
8,599
Population
4,182
Households
2.1
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
12.9 sq mi
ZIP Area
667
Density / Sq Mi
$36,909
Median Household Income
$28,121
Median Earnings
$843
Median Rent
$127,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical center - Purpose-built clinical space combines physician offices with a dedicated outpatient surgery center.
Where is this medical center located?
The property is located at 65 Doctors Park Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 20,000‑square‑foot medical facility on 1.91 acres; 12,500‑square‑foot practice area with 12 exam rooms and capacity for 8+ physicians; 7,500‑square‑foot surgery center with 2 operating rooms
