Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Normal St Kirksville, MO 63501
    Back to Search
    Property profile & analytics

    Normal St Kirksville, MO 63501

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

    Current Use by Public Records

    • Land

    Property Details for 0 Normal St

    Lot size
    0.12 lot acres
    Property type
    Land

    Description

    This exceptional 0.12-acre commercial lot presents a remarkable investment opportunity in Kirksville, Missouri. Located on Normal Street, in Adair County, zip code 63501, this property is ideally situated near Truman State University, offering unparalleled convenience and high rental potential. The lot's size provides ample space for a variety of commercial developments, making it an attractive prospect for investors seeking to capitalize on the area's strong demand. The asking price is $35,000. This bare lot is ready for immediate development, eliminating the need for extensive site preparation. Its proximity to the university campus ensures a consistent stream of potential tenants. Additional lots are available on the same block, presenting a unique chance to acquire multiple properties and expand your investment portfolio within a thriving community. This is a rare chance to secure a prime piece of commercial real estate in a highly desirable location. The property's coordinates are 40.1897933 latitude and -92.5707116 longitude. Don't miss this chance to build your future in Kirksville.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kirksville
    County
    Adair
    State
    Missouri
    Longitude
    -92.5707
    Latitude
    40.1898

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      54 Broadlawn Dr

      Land • 1.00 Acre
      54 Broadlawn Dr, Kirksville, MO 63501
      View Details
    • Value Estimation by Request
      1.00 Acre

      Broadlawn Dr

      Land • 1.00 Acre
      0 Broadlawn Dr, Kirksville, MO 63501
      View Details
    • Value Estimation by Request
      1.00 Acre

      1103 Walnut St

      Land • 1.00 Acre
      1103 Walnut St, Kirksville, MO 63501
      View Details
    • Value Estimation by Request
      1.00 Acre

      1 Oakland Ave

      Land • 1.00 Acre
      1 Oakland Ave, Kirksville, MO 63501
      View Details
    • Value Estimation by Request
      1.50 Acres

      La Harpe St

      Land • 1.50 Acres
      0 La Harpe St, Kirksville, MO 63501
      View Details
    • Value Estimation by Request
      1.00 Acre

      26805 Spring Lake Trl

      Land • 1.00 Acre
      26805 Spring Lake Trl, Kirksville, MO 63501
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      3002 N Baltimore St, Kirksville, MO 63501
      View Details
    • $410,000
      4.00 Acres

      Highway 63 Commercial Land

      4-Acre Commercial Lot in Kirksville, MO
      0 Us Highway 63, Kirksville, MO 63501
      View Details
    • Contact for pricing
      1.00 Acre

      Kirksville Commercial Land - $26K

      One-acre commercial lot, build your dream.
      1101 Walnut St, Kirksville, MO 63501
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      3006 Baltimore St, Kirksville, MO 63501
      View Details
    • $2,326,025
      421.00 Acres

      Secluded Land Near Kirksville

      Secluded 421-acre property with tillable land and hunting potential.
      0000 Buffalo Trl, Kirksville, MO 63501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kirksville Commercial Land For Lease

      Commercial land available for lease in Kirksville, Missouri.
      2110 S Baltimore St, Kirksville, MO 63501
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space Near University Hub

      Retail space in Kirksville, shadowed by Wal Mart.
      2104-2106 N Baltimore St, Kirksville, MO 63501
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Kirksville, Missouri.
      1615 S Baltimore St, Kirksville, MO 63501
      View Details
    • Contact for pricing

      Versatile Buildings with High Visibility

      Two buildings with office, truck bays, storage, and loading dock.
      18062 Round Barn Way, Kirksville, MO 63501
      View Details
    • $5 SF/Yr

      Retail Space For Rent

      Retail space available for lease in Kirksville, Missouri.
      2110 South Baltimore St, Kirksville, MO 63501
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,500 to 6,000 SqFt.
      2104 N Baltimore St, Kirksville, MO 63501
      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.
    Normal St
    Kirksville, MO 63501
    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

    Thank You for Inquiry
    Normal St, Kirksville, MO, 63501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!