Brick Medical Office
For Sale
$739,900
820 S Illinois Ave, Republic, MO 65738
Multi-room professional suite includes private offices, meeting space, reception and a waiting area.
Property Size4,460 SF
Price / SF$165.90
Days on Market23
Property Features for 820 S Illinois Ave
General Information
Standard status
Active
Size
4,460 SF
Property subtype
Commercial
Building Details
Year Built
1997
Construction
brick
Listing Agency:
Murney Associates - Primrose
Listed By:
Suelina O Carter · License #2003006493
(417) 818-6751
Source:
Trilakeshomesearch
Added: Sep 24
Changed: Oct 11
Last Checked: Oct 14 at 11:04PM
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 Murney Associates - Primrose
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This all-brick medical office property in Republic has private offices, conference rooms, a reception area and a waiting room. The space previously operated as a medical clinic and is suited to professional office use.
Nearby destinations include OTC’s campus, a bank, chiropractic and dental offices, a restaurant, financial offices, EMS and the Republic Police Department. The property also has a large paved parking area with lighting.
Nearby destinations include OTC’s campus, a bank, chiropractic and dental offices, a restaurant, financial offices, EMS and the Republic Police Department. The property also has a large paved parking area with lighting.
Key Highlights
- All‑brick building constructed in 1997
- Private offices, conference rooms, reception area and waiting room
- Previously operated as a medical clinic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,351
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,020
$867.0K
Cap Rate 7%
$619,300
$619.3K
Cap Rate 9%
$481,678
$481.7K
Market Conditions
NOI Build-Up for 4,460 SF
Gross rent
$80.3K $18.00/SF
− Vacancy
−$8.0K −$1.80/SF
EGI
$72.3K $16.20/SF
− OpEx
−$28.9K −$6.48/SF
NOI
$43.4K $9.72/SF
Area
Greene County, MO
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,020
Cap Rate 7%
$619,300
Cap Rate 9%
$481,678
Alternative Uses
Best Use
Office B
$1.05M
$921.9K – $1.23M
NOI $73,755 @ 7.0% cap · market cap 9.97%
Second Best
Healthcare Medical
$619.3K
$541.9K – $722.5K
NOI $43,351 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,437 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 65738, MO
20,995
Population
8,878
Households
2.4
Avg Household Size
35
Median Age
28%
College-Educated
95%
High-School Grad
53.9 sq mi
ZIP Area
390
Density / Sq Mi
$67,848
Median Household Income
$45,220
Median Earnings
$1,069
Median Rent
$195,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-room professional suite includes private offices, meeting space, reception and a waiting area.
Where is this medical office space located?
The property is located at 820 S Illinois Ave Republic, MO.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: All‑brick building constructed in 1997; Private offices, conference rooms, reception area and waiting room; Previously operated as a medical clinic
