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    1621 Elm St Jefferson City, MO 65101

    For Sale
    $784,080

    3.6 Acres, High Traffic, Subdividable

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3.6-acre commercial land parcel is ideally situated on East Elm Street in Jefferson City, Missouri, zip code 65101, offering unparalleled visibility and high traffic counts due to its location on a main thoroughfare. Boasting a strategic position near Highway 50, this property benefits from significant exposure to a large volume of daily traffic. Previously occupied by a government building, the site is now vacant and ready for immediate development. The asking price is $784,080, translating to a land value of $5 per square foot. Given its prime location and high traffic volume, this property presents a compelling opportunity for various commercial ventures, including the construction of an office building. The proximity to existing government office spaces further enhances its appeal. A key advantage is the seller's willingness to subdivide the land, providing flexibility for developers seeking smaller parcels. This makes it an attractive investment for both large-scale and smaller-scale projects. The property's location in the state capital of Missouri adds to its long-term value and potential for appreciation. This is a rare opportunity to acquire a significant commercial land parcel in a high-demand area. Detailed site plans and surveys are available upon request.

    Property Features for 1621 Elm St

    General Information

    Property type
    Land
    Lot Size
    156,816 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Information Tech ... State Government Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson City
    County
    Cole
    State
    Missouri
    Longitude
    -92.1526216
    Latitude
    38.5567903

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    FAQs

    What type of property is this?
    Land - 3.6 Acres, High Traffic, Subdividable
    Where is this land located?
    The property is located at 1621 Elm St Jefferson City, MO.
    What is the asking price?
    The asking price for this property is $784,080.
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    1621 Elm St Jefferson City, MO 65101
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    Jefferson City, MO 65101
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    Realmo Value Estimation

    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.

    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.

    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
    1621 Elm St Jefferson City, MO 65101
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