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    11118 Memorial Dr Union, MO 63084

    • Retail properties
    • 14,490 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 11118 Memorial Dr

    Year built
    2003
    Lot size
    1.70 lot acres
    Property size
    14,490 SF
    Property type
    Retail properties
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a 14,490-square-foot convenience store located at 11118 S Memorial Drive, Union, Missouri, 63084. The property boasts a strong 6.95% cap rate and is offered at $4,589,928, translating to $344.29 per square foot. Built in 2003, this single-tenant, net-leased (NNN) property sits on a 1.7-acre lot in a commercially zoned (CS, Commercial District) area. The building enjoys 100% occupancy with a lease term of 53 years and 3 months remaining (with several options for early cancellation, terms to be verified). The convenient location includes a drive-through lane and a signalized hard corner, maximizing visibility and accessibility. Ample parking is provided with 79 spaces, a ratio of 5.45 spaces per 1,000 square feet. This is a prime opportunity for investors seeking a stable, high-return retail investment in a desirable location. The property's strong tenant, location, and lease terms make it an attractive addition to any portfolio. Further details regarding lease terms are available upon request.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Franklin
    State
    Missouri
    Longitude
    -91.0012
    Latitude
    38.4176

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    11118 Memorial Dr
    Union, MO 63084
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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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