Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Shapiro Dr Festus, MO 63028

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Shapiro Dr Festus, MO 63028

    View on Map
    • Land
    • 2.66 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Shapiro Dr

    Lot size
    2.66 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 2.66-acre commercial and industrial land parcel presents a unique investment opportunity in Festus, Missouri. Strategically located along Interstate 55, this property boasts unparalleled visibility and accessibility. Zoned CT1, it allows for a diverse range of development options, including retail, office, industrial, multi-family residential, assisted living facilities, and hotels. The site's prime location offers easy access to major transportation arteries, placing businesses within reach of a substantial consumer base. Neighboring established businesses such as Lowe's, RP Lumber, and Planet Fitness further enhance the property's desirability and potential for synergistic growth. The land is priced at $10 per square foot, representing a compelling value proposition for developers seeking a high-impact location in a thriving market. With its versatile zoning and strategic location, this property is poised for significant future appreciation and offers a rare chance to capitalize on the growing demand for mixed-use developments in the Festus area. The address is on Shapiro Drive, Festus, Missouri, zip code 63028, in Jefferson County. This is a truly exceptional opportunity for investors and developers seeking a high-return investment in a dynamic and rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Festus
    County
    Jefferson
    State
    Missouri
    Longitude
    -90.4059
    Latitude
    38.2074

    Comparable in this City

    • Value Estimation by Request
      4.50 Acres

      1451-1511 Truman Blvd

      Land • 4.50 Acres
      1451-1511 Truman Blvd, Festus, MO 63028
      View Details
    • Value Estimation by Request
      67.86 Acres

      Festus, MO 63028

      INDUSTRIAL (GENERAL) • 67.86 Acres
      Festus, MO 63028
      View Details
    • Value Estimation by Request
      15.25 Acres

      Festus, MO 63028

      INDUSTRIAL (GENERAL) • 15.25 Acres
      Festus, MO 63028
      View Details
    • Value Estimation by Request
      534.90 Acres

      1000 Riv Cement Rd

      INDUSTRIAL (GENERAL) • 534.90 Acres
      1000 Riv Cement Rd, Festus, MO 63028-4059
      View Details
    • Value Estimation by Request
      5,344 SF

      1160 Truman Blvd

      LUMBERYARD, BUILDING MATERIALS • 5,344 SF
      1160 Truman Blvd, Festus, MO 63028-3716
      View Details
    • Value Estimation by Request
      468.79 Acres

      1200 Dooling Holw Rd

      INDUSTRIAL (GENERAL) • 468.79 Acres
      1200 Dooling Holw Rd, Festus, MO 63028
      View Details

    Similar Nearby for Sale

    • New
      $365,000
      Pending

      Festus Industrial Property Near Hospital

      Versatile industrial property near Mercy Jefferson Hospital.
      1045 Airport Rd, Festus, MO 63028
      View Details
    • $140,280
      10.02 Acres

      10-Acre Wooded Land Parcel

      10.02 acres of wooded land with open pasture.
      6 Lot Hematite Farms Rd, Festus, MO 63028
      View Details
    • Contact for pricing

      4.5 Acres of Land

      4.5 acres of land available for sale.
      1451-1511 N Truman Blvd, Festus, MO 63028
      View Details
    • $875,000
      10,000 SF

      Versatile Flex Office/Warehouse Property

      Two-story office/warehouse near I-55, suitable for diverse businesses.
      622 Collins Dr, Festus, MO 63028
      View Details
    • $299,500
      2.50 Acres

      2203 Us Highway 61, Festus, MO 63028

      Commercial real estate • 2.50 Acres
      2203 Us Highway 61, Festus, MO 63028
      View Details
    • $40,000
      0.57 Acres

      Residential Land in Festus, MO

      Residential land with potential for building or expansion.
      115 Valley Vue Pl, Festus, MO 63028
      View Details

    Similar Nearby for Lease

    • New
      $1,000 /Mo
      Pending

      Festus Commercial Unit For Lease

      Commercial unit on Main Street in Festus, Missouri for lease.
      206 E Main St, Festus, MO 63028
      View Details
    • $18 SF/Yr

      Renovated Office Building in Festus

      Modern, renovated office building with ample parking and convenient location.
      1320 Ymca Dr, Festus, MO 63028
      View Details
    • $1,795 /Mo
      3,570 SF

      Festus Office/Retail Space for Lease

      Updated commercial space in downtown Festus with high visibility.
      130 Main St, Festus, MO 63028
      View Details
    • Contact for pricing

      Former Restaurant with Drive-Thru

      3,136 SF former restaurant with drive-thru on 0.76 acres.
      807 Lee Ave, Festus, MO 63028
      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.
    Shapiro Dr
    Festus, MO 63028
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!