401 2Nd St Steele, MO 63877
This exceptional investment opportunity in Cooter, Missouri, presents a 0.16-acre commercial land parcel at 401 2nd St, zip code 63877. The property encompasses a 1,200 square foot building currently configured as a thriving storage facility. The existing setup includes fourteen rental units, generating immediate passive income. Ten units measure 10x10 feet, while four units are 5x10 feet in size. This turnkey operation offers a significant advantage for investors seeking established revenue streams. The property's location in Cooter, Missouri, provides convenient access to local businesses and residents. The asking price for this income-producing asset is $49,000. This represents a compelling entry point into the commercial real estate market, ideal for both seasoned investors and those seeking to diversify their portfolios. The property's current tenant occupancy ensures a steady cash flow, minimizing vacancy risks and maximizing return on investment. This is a rare chance to acquire a well-established, profitable business in a desirable location. The property is zoned for commercial use and offers significant potential for future expansion or redevelopment. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.