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    Olive St Mexico, MO 65265
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    Olive St Mexico, MO 65265

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    Property Details for 0 Olive St

    Property type
    Land

    Description

    This exceptional 24,995 square foot commercial lot in Mexico, Missouri, presents a unique opportunity for development. Located in Audrain County, with the address of S Olive St, zip code 65265 (latitude 39.1674314, longitude -91.8863223), this property boasts a convenient location just steps away from the vibrant downtown square and shopping district. The lot is zoned R and features readily accessible utilities, ensuring a smooth and efficient construction process. This makes it ideal for a wide range of projects, from custom homes and income-generating properties to creative commercial ventures. The property's APN is 19-7-26-1-008-020.000. This location offers a strong foundation for realizing your vision. Note that a separate, charming 2-bedroom, 1-bathroom bungalow (MLS#24079010) adjacent to the east is also available for purchase, presenting a compelling package deal for those seeking additional space or a companion property. The asking price for this exceptional commercial land is $24,995. Don't miss this chance to secure a prime piece of real estate in a thriving Missouri community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mexico
    County
    Audrain
    State
    Missouri
    Longitude
    -91.8863
    Latitude
    39.1674

    Comparable in this City

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      50.00 Acres

      000 County Rd

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      Liberty

      COMMERCIAL (GENERAL) • 3.79 Acres
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      10.83 Acres

      4028 Clark St

      COMMERCIAL (GENERAL) • 10.83 Acres
      4028 Clark St, Mexico, MO 65265-4113
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      614 Hendricks St

      COMMERCIAL (GENERAL)
      614 Hendricks St, Mexico, MO 65265-1703
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      1.83 Acres

      21435 Hwy Ff

      COMMERCIAL (GENERAL) • 1.83 Acres
      21435 Hwy Ff, Mexico, MO 65265
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    • Value Estimation by Request
      70.00 Acres

      23624 Hwy J J

      COMMERCIAL (GENERAL) • 70.00 Acres
      23624 Hwy J J, Mexico, MO 65265-6151
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    Similar Nearby for Sale

    • $59,800
      Pending

      Land For Sale

      Land available on Audrain Rd 935, Mexico, MO 65265
      10B Audrain Road 935, Mexico, MO 65265
      View Details
    • $118,650

      Land Tract on Audrain Road

      Land tract available on Audrain Road, Mexico, Missouri.
      1B Audrain Road 935, Mexico, MO 65265
      View Details
    • Contact for pricing
      5,009,400 SF

      Agricultural Land Auction in Mexico, MO

      Online and live auction featuring two land tracts.
      929 Audrain Road 929, Mexico, MO 65265
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    • $300,000
      19.00 Acres

      Agricultural Land Near Highway J

      19+ acres of agricultural land with development potential.
      Highway J, Mexico, MO 65265
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    • $57,500
      0.28 Acres

      Residential Land in Mexico, MO

      Double lot ready for new home or duplex construction.
      1221 E Jackson St, Mexico, MO 65265
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    • $165,000
      0.82 Acres

      Prime Commercial Lot For Sale

      0.82-acre commercially zoned lot in high-traffic downtown location.
      303 S Jefferson St, Mexico, MO 65265
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    Similar Nearby for Lease

    • $5 SF/Yr
      5,800 SF

      Prime Retail Space Available

      Retail space in the heart of Mexico, Missouri.
      650 W Jackson St, Mexico, MO 65265
      View Details
    • $4 SF/Yr
      600,000 SF

      Available Warehouse Space in Missouri

      900,000 SF building with 300,000-600,000 SF available for lease.
      4655 East Liberty St, Mexico, MO 65265
      View Details
    • Contact for pricing

      Warehouse & Office Space Rental

      Modern warehouse and office space with I-70 access.
      1000 S Elmwood Dr, Mexico, MO 65265
      View Details
    • $300 /Mo

      Office Space For Rent

      Basement office space with multiple offices, kitchenette, and lobby.
      508 S Muldrow St, Mexico, MO 65265
      View Details
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    Olive St
    Mexico, MO 65265
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    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
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