Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2195 State Hwy Old Monroe, MO 63369

    Sponsored
    For Sale
    $400,000

    4.07 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 4.07-acre commercial land parcel presents a unique investment opportunity in Old Monroe, Missouri. Strategically located at the intersection of Highway C and Vehige Lane, this property boasts a convenient curb cut directly onto Highway C, ensuring excellent visibility and accessibility. The land is zoned for commercial use, providing flexibility for a wide range of development possibilities. Adding to its appeal, a new Dollar General store is currently under construction adjacent to the lot, promising increased foot traffic and enhanced commercial viability. The property's proximity to Highway 79 further enhances its accessibility and connectivity. With a total land area of 4.07 acres, and an asking price of $400,000 ($2.26/sq ft), this property offers significant potential for growth and return on investment. The property's address is 2195 State Hwy C, Old Monroe, MO 63369. This is a rare opportunity to acquire a well-situated commercial lot in a growing area. Don't miss out on this chance to secure a prime piece of real estate in Lincoln County.

    Property Features for 2195 State Hwy

    General Information

    Property type
    Land
    Lot Size
    177,289 SF

    We can help!

    Listing Contact
    Robert Cissell
    Robert Cissell

    Learn more

    HighLights

    • 4.07‑acre commercial lot in Old Monroe, MO.
    • Convenient curb cut on Highway C.
    • Commercially zoned.
    • Adjacent to a new Dollar General store.
    • Easy access to Highway 79.
    • $400,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Old Monroe
    County
    Lincoln
    State
    Missouri
    Longitude
    -90.75965277462
    Latitude
    38.931652524146

    Nearby Comparable

    • $400,000

      Commercial Land Near Highway Access

      4.07 acre commercial land with highway access.
      C Hwy, Old Monroe, MO
      View Details
    • $2,900,000

      23 Acres in Old Monroe

      23 acres with sawmill, growth potential, and highway access.
      Main St, Old Monroe, MO 63369
      View Details
    • $2,744,280
      8.47 Acres

      O'Fallon, MO Commercial Land Investment

      Prime 8.47-acre C-2 zoned land. High potential.
      in O'Fallon MO Terra Ln, O'Fallon, MO 63366
      View Details
    • $50,000

      Land For Sale

      Land available for sale in Saint Charles, Missouri.
      504 Droste St, Saint Charles, MO
      View Details
    • Contact for pricing
      4.38 Acres

      Prime O'Fallon Commercial Land

      Two parcels, ideal for development.
      0 10.61 & 4.38 Acres Guthrie Rd, O'Fallon, MO 63366
      View Details
    • $185,000
      1.30 Acres

      Winfield Commercial Land & Building

      Highway 47 Business Opportunity! 1.3 Acres!
      4032 Highway 47, Winfield, MO 63389
      View Details
    • $95,000
      0.77 Acres

      Commercial Land Ready For Construction

      Commercial land with completed site improvements and available utilities.
      3 Winfield Plz Dr, Winfield, MO 63389
      View Details
    • $350,000
      3.50 Acres

      Winfield Commercial Land - Hwy 47

      Prime Winfield development site, 3.5+ acres.
      Lot 4 - 3.5+/- Acres, Winfield, MO 63389
      View Details
    • $715,000
      11.00 Acres

      Winfield Commercial Land - 11 Acres

      Prime Winfield location, high visibility, ready to build.
      Highway, Winfield, MO 63389
      View Details
    • $440,000
      4.00 Acres

      Winfield Commercial Land - Hwy 47/W

      Prime Winfield commercial lot, high traffic, 4+ acres.
      W lot 3 - 4/- Acres Highway, Winfield, MO 63389
      View Details
    • $149,000
      Pending

      Winfield Church Building For Sale

      Spacious church building in Winfield, MO, suitable for commercial use.
      228 Church St, Winfield, MO 63389
      View Details

    FAQs

    What type of property is this?
    Land - 4.07 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 2195 State Hwy Old Monroe, MO.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 4.07-acre commercial lot in Old Monroe, MO.; Convenient curb cut on Highway C.; Commercially zoned.
    Request Owner's contact information
    2195 State Hwy Old Monroe, MO 63369
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2195 State Hwy
    Old Monroe, MO 63369
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2195 State Hwy Old Monroe, MO 63369
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robert Cissell
    Robert Cissell
    Real Estate License ID: MO 1999024539
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.