Add Listing
    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

    75 Mel Goers Dr Union, MO 63084

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available for sale or build-to-suit opportunities.

    Type:Industrial, Land
    Added:
    Aug 24, 2022
    Days on Market:
    1332
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 75 Mel Goers Dr

    General Information

    Standard status
    Active
    Property subtype
    Industrial, Land

    We can help!

    Listing Contact
    Tony Salerno

    Listing agent Tony Salerno License #MO 1999071763

    Listing office NAI DESCO - St. Louis

    Listing date Aug 24, 2022

    Source Crexi

    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 NAI DESCO - St. Louis

    Overview

    Land Property For Sale

    This land property, located at 75 Mel Goers Dr in Union, MO 63084, is available for sale or build-to-suit opportunities.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Union
    County
    Franklin
    State
    Missouri
    Longitude
    -91.0473
    Latitude
    38.4268

    Nearby Similar for Sale

    • $525,000
      3,840 SF

      Prime Commercial Land in Union, MO

      High-traffic location ideal for retail, office, or restaurant.
      95 Independence Drive, Union, MO 63084
      View Details
    • $607,662

      Commercial Lot on Highway 50

      1.5-acre commercial lot with high traffic highway frontage.
      141 S Outer 50, Union, MO 63084
      View Details
    • $450,000
      3,000 SF

      Union, MO Industrial Opportunity

      1.33 acre industrial parcel with 3,000 sqft building.
      313 Franklin Avenue, Union, MO 63084
      View Details
    • $1,820,808

      Commercial Lot on Highway 50

      3.8 acre commercial lot with high traffic highway frontage.
      0 Old Hwy 50, Union, MO 63084
      View Details
    • $1,050,000
      1,886 SF

      Union, MO Development Opportunity

      3 acres of commercial land near major retailers and Interstate 44.
      1366 Denmark Road, Union, MO 63084
      View Details
    • $525,000
      3,840 SF

      Union, MO Commercial Property

      High-traffic location suitable for retail, office, or restaurant.
      95 Independence Drive, Union, MO 63084
      View Details
    • $50,000

      Franklin County Wooded Land Parcel

      4-acre wooded land with road frontage and shared well.
      2518 N Bend Loop, Unincorporated, MO 63084
      View Details
    • $75,000

      Residential Land in Established Community

      1.45 acre lot in Union, MO with lake access.
      405 Mark Twain Loop, Union, MO 63084
      View Details
    • $7,500

      Land in Fawn Lake Community

      Three lots in Fawn Lake with community amenities.
      219 Fawn Drive, Union, MO 63084
      View Details
    • $314,900

      Commercial Land in Union, MO

      2.8 acre commercial lot, prime location, owner financing available.
      N Highway 47 N Highway 47, Union, MO 63084
      View Details
    • $3,210,000
      14,592 SF

      Union Missouri Medical Investment Opportunity

      Medical office for sale with long-term lease and annual increases.
      1935 Prairie Dell Rd, Union, MO 63084
      View Details
    • $131,000

      Land with Private Airfield Access

      10 acres near Highways 50 and 44 with airfield access.
      000 Shawneetown Ford Spur Tract D, Union, MO 63084
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale or build-to-suit opportunities.
    Where is this land located?
    The property is located at 75 Mel Goers Dr Union, MO.
    What is the asking price?
    The asking price for this property is $457,380.
    What are key features of this property?
    This property features: Land Property for Sale; Build‑to‑Suit Opportunity; Property for Sale
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tony Salerno
    Real Estate License ID: MO 1999071763
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!