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    1255-1275 Truman Blvd Festus, MO 63028
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    1255-1275 Truman Blvd Festus, MO 63028

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    • Retail properties & Spaces
    • 6,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1255-1275 Truman Blvd

    Property size
    6,400 SF
    Property type
    Retail properties & Spaces

    Description

    Jefferson Center, located at 1255-1275 N Truman Blvd in Festus, Missouri (zip code 63028), presents a prime retail investment opportunity. This multi-tenant property boasts a flexible space ranging from 6,400 to 27,304 square feet, perfect for a variety of retail uses. The property is zoned C-3 Commercial, allowing for diverse business applications. Situated on a high-traffic thoroughfare, Truman Boulevard, Jefferson Center benefits from excellent visibility and a substantial daily traffic count of 17,246 vehicles. This ensures significant exposure for your business. Ample parking is available for customers and employees, enhancing the shopping experience. The center currently houses established tenants including Shop N Save, Goodwill, and American Home & Mattress, creating a strong and synergistic retail environment. This location offers a compelling combination of high visibility, convenient access, and a proven track record of success, making it an ideal choice for businesses seeking a thriving retail space in the heart of Festus, Missouri. The property's size and zoning flexibility provide opportunities for expansion or adaptation to suit specific business needs. This is a rare chance to secure a well-established retail presence in a high-demand 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
    -90.3934
    Latitude
    38.2337

    Comparable in this City

    • Value Estimation
      $4,445,000
      208,580 SF

      650 Truman Blvd

      DEPARTMENT STORE • 208,580 SF
      650 Truman Blvd, Festus, MO 63028-2235
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    • Value Estimation by Request
      28,000 SF

      227 Main St

      Medical Office Space • 28,000 SF
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    • Value Estimation by Request
      4,654 SF

      408 Brothers Ave

      Individual retail properties • 4,654 SF
      408 Brothers Ave, Festus, MO 63028
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    • Value Estimation
      $4,430,000
      208,580 SF

      650 Truman Blvd

      DEPARTMENT STORE • 208,580 SF
      650 Truman Blvd, Festus, MO 63028-2235
      View Details
    • Value Estimation by Request
      1,220 SF

      1240 American Legion Dr

      NURSERY, GREENHOUSE, FLORIST • 1,220 SF
      1240 American Legion Dr, Festus, MO 63028-2630
      View Details
    • Value Estimation by Request
      5,136 SF

      241 Main St

      Medical Office Space • 5,136 SF
      241 Main St, Festus, MO 63028
      View Details

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    Similar Nearby for Lease

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      Festus Office/Retail Space for Lease

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    • Contact for pricing

      Former Restaurant with Drive-Thru

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    Festus, MO 63028
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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.

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