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    Property profile & analytics

    19980 State Rte Memphis, MO 63555

    • Retail properties
    • 26,080 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 19980 State Rte

    Year built
    1983
    Property size
    26,080 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional retail property, located at 19980 State Route MM in Memphis, Missouri, presents a significant investment opportunity. The 26,080 square foot building, constructed in 1983, boasts a prime location along US Highway 136 and State Route MM, offering substantial street frontage and shared parking with a grocery store and pharmacy. Previously occupied by several successful retail businesses including Memphis Mercantile, Pamida, Places, and Shopko, this versatile space is currently vacant and ready for a new tenant. Recent upgrades include a new security system, six new AC units, updated lighting, and a new walk-in cooler and freezer. The property also features a greenhouse and a large 68,000+ square foot parking lot, providing ample space for customers and potential for outdoor sales. Situated in the Scotland County seat, Memphis, the property benefits from a population of approximately 2,000 within city limits and an additional 3,000 in rural Scotland County. While property lines are estimated, this substantial retail space offers immense potential for a variety of commercial uses. Asking price is $875,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Scotland
    State
    Missouri
    Longitude
    -92.163
    Latitude
    40.4495

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    19980 State Rte
    Memphis, MO 63555
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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
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