Medical Office Space in All-Brick
820 S Illinois Avenue, Republic, MO 65738
For Sale
$739,900
Commercial Sale, Republic, MO
Property Size4,500 SF
Lot Size0.64 Acres
Price / SF$164.42
Days on Market43
Property Features for 820 S Illinois Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
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Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Buildings
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Suelina O Carter · License MO #2003006493
(417) 818-6751
Added: Oct 2
Changed: Oct 25
Last Checked: Nov 13 at 10:06PM
MLS# 60335364
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.
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Investment Insights
Based on property information with market context.
This 4,500 +/- sq. ft. medical office space occupies an all-brick building constructed in 1997. The interior includes private offices, conference rooms, a reception area, a waiting room and bathrooms. The property previously operated as a Cox Health medical clinic and is zoned Commercial.
The 0.64-acre property is near OTC’s college campus and nearby medical, financial and professional offices, as well as a restaurant, bank, EMS and the City of Republic Police Department. A paved, lit parking lot serves the site.
The 0.64-acre property is near OTC’s college campus and nearby medical, financial and professional offices, as well as a restaurant, bank, EMS and the City of Republic Police Department. A paved, lit parking lot serves the site.
Key Highlights
- 4,500 +/- sq. ft. of medical office space
- 0.64‑acre site with Commercial zoning
- Private offices, conference rooms, reception area and waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,740
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,800
$874.8K
Cap Rate 7%
$624,857
$624.9K
Cap Rate 9%
$486,000
$486.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$81.0K $18.00/SF
− Vacancy
−$8.1K −$1.80/SF
EGI
$72.9K $16.20/SF
− OpEx
−$29.2K −$6.48/SF
NOI
$43.7K $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%
$874,800
Cap Rate 7%
$624,857
Cap Rate 9%
$486,000
Alternative Uses
Best Use
Office B
$1.06M
$930.2K – $1.24M
NOI $74,416 @ 7.0% cap · market cap 10.06%
Second Best
Healthcare Medical
$624.9K
$546.8K – $729.0K
NOI $43,740 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,356 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A 1997 professional facility includes private offices, conference rooms, reception and waiting areas.
Where is this medical office space located?
The property is located at 820 S Illinois Avenue 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: 4,500 +/- sq. ft. of medical office space; 0.64‑acre site with Commercial zoning; Private offices, conference rooms, reception area and waiting room
