Commercial Real Estate Market in Richmond, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 286 off-market properties in Richmond, MO. Commercial property asks $2/SF to buy and $9.00/SF/Yr to lease.
Market Trends
Richmond, MO spans 160.4 square miles in Ray County, Missouri. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Richmond, MO runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Richmond, MO runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Richmond, MO runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Richmond, MO runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 67.7%
- Residential 22.5%
- Industrial 8.5%
- Civic 1.4%
Largest Zones share of zoned land by district
Single Family Dwelling
Agricultural
General Business
Heavy Industrial
Multifamily Dwelling
Richmond, MO zones 3,818 acres across 10 districts. Commercial zoning covers 67.7% of zoned land, residential 22.5% and industrial 8.5%. The largest single district is Single Family Dwelling at 53.7%. For commercial buyers the practical constraint is that only 76.1% of land carries a commercial or industrial designation.
Single Family Dwelling (R-1)
Permitted Uses. The following uses shall be permitted in R-1 districts: a. Detached, single-family dwellings. b. Fire and police protection and related activities. c. Historic sites and monuments. d. Parks, playgrounds, primary and secondary schools, churches. 3. Conditionally Permitted Uses. The following uses may be conditionally permitted, provided they o…
Market overview
Demographics & Economy
Richmond, MO has 8,841 residents in 3,701 households. Density runs 55 people per square mile. Median household income here is $65,525 and median gross rent $752 a month.
8,841
Population
3,701
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
90%
High-School Grad
160.4 sq mi
ZIP Area
55
Density / Sq Mi
$65,525
Median Household Income
$43,402
Median Earnings
$752
Median Rent
$163,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Henrietta | — | — |
| Camden | — | — |
| Rayville | — | — |
| Hardin | — | — |
Commercial property in Richmond, MO asks $2/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richmond?
Commercial property in Richmond, MO asks an average of $2 per square foot.
How much does it cost to lease commercial space in Richmond?
Asking lease rates in Richmond, MO average $9.00 per square foot per year.
What zoning applies to commercial property in Richmond?
Richmond, MO zones 3,818 acres across 10 districts, of which 67.7% is commercial and 8.5% industrial. The largest single district is Single Family Dwelling at 53.7% of zoned land. Permitted Uses. The following uses shall be permitted in R-1 districts: a. Detached, single-family dwellings. b. Fire and police protection and related activities. c. Historic sites and monuments. d. Parks, playgrounds, primary and secondary schools, churches. 3. Conditionally Permitted Uses. The following uses may be conditionally permitted, provided they o… Residential zoning covers 22.5% and open space 0%.
Where does Realmo's Richmond market data come from?
Realmo compiles Richmond, MO figures from 26 active sale listings, 1 active lease listings, 286 tracked off-market properties, the current Richmond zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 1 active for-lease listings in Richmond, MO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,818 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
