Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Space in Prime Location Title is generated by Realmo AI

    2910 N Baltimore St, Kirksville, MO 63501

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Restaurant space with high traffic and ample parking.

    Type:Retail
    Property size:
    6,000 SF
    Price / SF:
    $141/SF
    Added:
    Oct 29, 2019
    Days on Market:
    2410
    Last Refresh:
    May 19 at 10:27 pm

    Property Features for 2910 N Baltimore St

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Kim Keyes

    Listing agent Kim Keyes License #MO 1999057694

    Listing office Anew Realty Group LLC

    Listing date Oct 29, 2019

    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 Anew Realty Group LLC

    HighLights

    • Prime location with high traffic
    • Ample parking available
    • Easy access
    • Restaurant space
    • High exposure
    • Built in 2007

    Overview

    This restaurant space is situated in a prime location, benefiting from high traffic. The property features ample parking and easy access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Kirksville
    County
    Adair
    State
    Missouri
    Longitude
    -92.581696
    Latitude
    40.22372

    Nearby Similar for Sale

    • $560,500
      12,800 SF

      Kirksville Office Space Opportunity

      12,000 SF office space near medical center and colleges.
      2000 Laharpe Street, Kirksville, MO 63501
      View Details
    • $799,000
      5,744 SF

      Kirksville Commercial Property For Sale

      High visibility location with two independent buildings totaling 5,744 SF.
      18062 Round Barn Way, Kirksville, MO 63501
      View Details
    • $194,900
      2,966 SF

      Commercial Building on 1.2 Acres

      Commercial building with auto bay, display windows, and inside storage.
      906 E Shepherd, Kirksville, MO 63501
      View Details
    • $850,000
      25,054 SF

      Kirksville Commercial Building For Sale

      25,000 SF commercial building suitable for single or multi-tenant use.
      420 S Baltimore Street, Kirksville, MO 63501
      View Details
    • $449,000
      3,300 SF

      Renovated Ranch Home on Acreage

      Renovated ranch home on 8 acres in Kirksville School District.
      30862 MO-11, Kirksville, MO 63501
      View Details
    • $259,900
      2,106 SF

      Corner Lot Storefront with Office Space

      Front storefront is currently leased with secondary space ready for conversion in a C3 zoned building.
      1821 S Baltimore Street, Kirksville, MO 63501
      View Details
    • Contact for pricing
      34,132 SF

      Freestanding Retail Building For Sale/Lease

      Versatile 34,132 SF retail building in prime location.
      1614 N Green St, Kirksville, MO 63501
      View Details
    • $179,000
      9,720 SF

      Kirksville Commercial Brick Building

      9,720 SF commercial building with CBD zoning.
      211 E Harrison Street, Kirksville, MO 63501
      View Details
    • $369,800
      15,552 SF

      Historic Downtown Storefront with Warehouse

      Prime commercial space in Kirksville's Downtown Business District.
      114/116 Franklin St., Kirksville, MO 63501
      View Details
    • $799,000

      Versatile Commercial Space, Kirksville, MO

      Commercial space suitable for retail, service, or storage businesses.
      3003 N Baltimore Street, Kirksville, MO 63501
      View Details
    • $449,000
      3,800 SF

      Commercial Building with Drive-Thru

      3,800 Sq. Ft. commercial building with drive-thru window.
      1101 E Normal St., Kirksville, MO 63501
      View Details
    • $2,500,000
      31,875 SF

      Prime Retail Outlots on Baltimore

      Two drive-thru approved outlots available on Baltimore Street.
      2216-2302 S Baltimore St, Kirksville, MO
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant space with high traffic and ample parking.
    Where is this conventional restaurant located?
    The property is located at 2910 N Baltimore St Kirksville, MO.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Prime location with high traffic; Ample parking available; Easy access
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kim Keyes
    Real Estate License ID: MO 1999057694
    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

    Thank You for Inquiry
    2910 N Baltimore St, Kirksville, MO 63501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!