Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    610 Highway Ironton, MO 63650
    Back to Search
    Property profile & analytics

    610 Highway Ironton, MO 63650

    View on Map
    • Commercial real estate
    • 0.60 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 610 Highway

    Lot size
    0.60 lot acres
    Property type
    Commercial real estate

    Description

    This expansive commercial property at 610 East Hwy 72, Ironton, MO, presents a remarkable opportunity for entrepreneurs and investors. Boasting over 21,000 square feet of usable space, the main building measures an impressive 100 feet by 110 feet, offering a substantial footprint for a wide range of commercial ventures. The main bay features a generous 16-foot overhead clearance, making it suitable for various industrial or storage needs. The open-span design, complemented by multiple additions, provides flexibility in layout and configuration. Practical features include multiple loading docks, ensuring efficient handling of goods, and robust 400-amp electrical service. The building's foundation is solid, with 6-inch thick concrete floors, and portions of the electrical wiring have been recently updated. Beyond the main commercial space, the property includes a partially finished living area, perfect for on-site management or residential conversion. This area comprises a full bathroom, kitchen, and multiple sleeping areas. The entire second floor remains wide open, offering additional space for expansion or customization. The property sits on a 0.6-acre lot, providing ample outdoor space. Priced at $389,900, this property offers significant potential for a variety of businesses. The combination of size, features, and location makes this an exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ironton
    County
    Iron
    State
    Missouri
    Longitude
    -90.6202
    Latitude
    37.5892

    Comparable in this City

    • Value Estimation by Request
      240.00 Acres

      Yorks Arcadia Hts

      COMMERCIAL (GENERAL) • 240.00 Acres
      Yorks Arcadia Hts, Ironton, MO 63650
      View Details
    • Value Estimation by Request

      Ironton, MO 63650

      COMMERCIAL (GENERAL)
      Ironton, MO 63650
      View Details
    • Value Estimation by Request
      5.00 Acres

      Ironton, MO 63650

      COMMERCIAL (GENERAL) • 5.00 Acres
      Ironton, MO 63650
      View Details
    • Value Estimation by Request
      1.32 Acres

      Ironton, MO 63650

      COMMERCIAL (GENERAL) • 1.32 Acres
      Ironton, MO 63650
      View Details
    • Value Estimation by Request
      5.00 Acres

      Ironton, MO 63650

      COMMERCIAL (GENERAL) • 5.00 Acres
      Ironton, MO 63650
      View Details
    • Value Estimation by Request
      0.97 Acres

      4th St

      COMMERCIAL (GENERAL) • 0.97 Acres
      4th St, Ironton, MO 63650
      View Details

    Similar Nearby for Sale

    • $275,000

      Ironton Auto Repair Business For Sale

      Established business, high traffic location, turnkey operation.
      355 Main St, Ironton, MO 63650
      View Details
    • $75,000
      575 SF

      Remodeled Beauty Salon For Sale

      Remodeled beauty salon with updated features, ideal for small business.
      104 E Wayne St, Ironton, MO 63650
      View Details
    • $225,000
      672 SF

      Highway Commercial Property For Sale

      1.38 acre commercial property with income potential on Hwy 21.
      1307 Highway 21 N, Ironton, MO 63650
      View Details
    • Contact for pricing

      Recreational Lot Near Lake Hanna

      Recreational lot near lakes, fishing, boating, and state parks.
      1517 Mule Deer Ct, Ironton, MO 63650
      View Details
    • $60,000
      884 SF

      Downtown Ironton Commercial Building

      Commercial building in downtown Ironton with parking lot.
      138 Main S Main St S, Ironton, MO 63650
      View Details
    • $189,000
      Pending

      Secluded Mountain Property with Cabin

      45+ acre mountain escape with cabin near outdoor attractions.
      00 County Road 101, Ironton, MO 63650
      View Details
    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.
    610 Highway
    Ironton, MO 63650
    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
    610 Highway, Ironton, MO, 63650
    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!