Multi-Tenant Retail
New
For Sale
$2,850,000
800 E Aldrich Road, Bolivar, MO 65613
Commercial Sale, Bolivar, MO
Property Size33,970 SF
Lot Size4.44 Acres
Price / SF$83.90
Days on Market2
Property Features for 800 E Aldrich Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C
Bathrooms
22
Full bathrooms
22
Rooms
Bathroom 2, Bathroom 16, Bathroom 9, Bathroom 7, Bathroom 21, Bathroom 12, Bathroom 1, Bathroom 17, Bathroom 5, Bathroom 15, Bathroom 4, Bathroom 19, Bathroom 11, Bathroom 20, Bathroom 6, Bathroom 22, Bathroom 8, Bathroom 13, Bathroom 3, Bathroom 18, Bathroom 14, Bathroom 10
Lot features
Will Divide, Level
Directions
From Hwy13 Exit on Springfield st in Bolivar and turn right, travel to E Aldrich Rd and make a left. the shopping center is on the left just past Bowl Behavior
Standard status
Active
APN
89-11-0.6-13-000-000-016.00
Lot size
4.44 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Bolivar - College Plaza - Pt Lot 3 & Brown Grandview Estates - Pt Lot 3
Tax Annual Amount
27696
Legal Description
Bolivar - College Plaza - Pt Lot 3 & Brown Grandview Estates - Pt Lot 3
Utilities
Utilities
Electricity Available
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1995
Listing Agency:
Platinum Estates Realty Inc
(417) 599-0881
Listed By:
Mariah Stone
(417) 599-0881
Added: Aug 31
Last Checked: Sep 1 at 5:06PM
MLS# 60332768
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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.
This multi-tenant retail center at 800 E Aldrich Road includes approximately 33,970 SF of gross leasable area, with 8,985 SF currently available. The property contains 11 units and was built in 1995. Existing occupants include Maurices, U.S. Army, C&K Gaming, and B&B Theatres. Central air, electric forced-air heating, and electricity availability are documented for the property, which is zoned C.
The center occupies the southwest corner of Highway 83, also identified as Springfield Road, and Aldrich Road in Bolivar. Its setting places the property between Southwest Baptist University and the Walmart development, with surrounding retail, entertainment, residential, and university activity. The available space is identified for retail, service, entertainment, or other commercial users.
The center occupies the southwest corner of Highway 83, also identified as Springfield Road, and Aldrich Road in Bolivar. Its setting places the property between Southwest Baptist University and the Walmart development, with surrounding retail, entertainment, residential, and university activity. The available space is identified for retail, service, entertainment, or other commercial users.
Key Highlights
- Approximately 33,970 SF of gross leasable area
- 8,985 SF currently available across an 11‑unit center
- Established occupants include Maurices, U.S. Army, C&K Gaming, and B&B Theatres
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
$252,807
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
8.87%
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%
$5,056,140
$5.1M
Cap Rate 7%
$3,611,529
$3.6M
Cap Rate 9%
$2,808,967
$2.8M
Market Conditions
NOI Build-Up for 33,970 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
$375.0K $11.04/SF
− Vacancy
−$13.9K −$0.41/SF
EGI
$361.2K $10.63/SF
− OpEx
−$108.3K −$3.19/SF
NOI
$252.8K $7.44/SF
Area
Polk County, MO
Vacancy
3.70%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
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%
$5,056,140
Cap Rate 7%
$3,611,529
Cap Rate 9%
$2,808,967
Alternative Uses
Best Use
Retail
$3.61M
$3.16M – $4.21M
NOI $252,807 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.13M
$4.49M – $5.98M
NOI $358,903 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
232k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Superstores 30%
Shops & Services 19%
Groceries 8%
Walmart
Superstores
70,581 visits/mo
0.3 miles
Kum & Go
Shops & Services
20,206 visits/mo
0.4 miles
Wendy's
Dining
19,374 visits/mo
0.4 miles
Aldi
Groceries
18,572 visits/mo
0.2 miles
Taco Bell
Dining
17,423 visits/mo
0.1 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with available space, multiple occupants, and access at a prominent Bolivar intersection.
Where is this shopping center located?
The property is located at 800 E Aldrich Road Bolivar, MO.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Approximately 33,970 SF of gross leasable area; 8,985 SF currently available across an 11‑unit center; Established occupants include Maurices, U.S. Army, C&K Gaming, and B&B Theatres
