Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Veterans Memorial Pkwy Perryville, MO 63775
    Back to Search
    Property profile & analytics

    Veterans Memorial Pkwy Perryville, MO 63775

    View on Map
    • Commercial real estate
    • 9.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Veterans Memorial Pkwy

    Lot size
    9.45 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 9.45-acre commercial parcel presents a unique development opportunity in Perryville, Missouri. Strategically located near Missouri's National Veterans Memorial, this property boasts high visibility and convenient access to major transportation routes. The expansive acreage offers significant potential for a wide range of commercial ventures, from retail and office spaces to light industrial facilities. Its prime location ensures strong potential for attracting a diverse clientele and establishing a thriving business. The site is ideally positioned to benefit from the existing infrastructure and the proximity to established industrial businesses, creating a synergistic environment for growth and success. City utilities are readily available, simplifying the development process and minimizing upfront costs. This property represents a rare chance to acquire a substantial land holding in a thriving community with significant growth potential. The expansive acreage allows for flexible development plans, catering to a variety of business needs and scales. Don't miss this exceptional opportunity to secure a prime commercial location in a rapidly developing area. The property's strategic location and ample space make it an ideal investment for both short-term and long-term growth. Serious inquiries are encouraged to explore the possibilities this remarkable property offers. The seller is motivated and ready to negotiate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Perryville
    County
    Perry
    State
    Missouri
    Longitude
    -89.8524
    Latitude
    37.7213

    Comparable in this City

    • Value Estimation by Request
      26.16 Acres

      1400 Kingshighway St

      Land • 26.16 Acres
      1400 Kingshighway St, Perryville, MO 63775
      View Details
    • Value Estimation by Request
      3.70 Acres

      51 State Hwy

      Land • 3.70 Acres
      51 State Hwy, Perryville, MO 63775
      View Details
    • Value Estimation by Request
      17.38 Acres

      1100 Cinque Hommes Dr

      Commercial real estate • 17.38 Acres
      1100 Cinque Hommes Dr, Perryville, MO 63775
      View Details
    • Value Estimation by Request
      1.50 Acres

      907 Kingshighway St

      COMMERCIAL (GENERAL) • 1.50 Acres
      907 Kingshighway St, Perryville, MO 63775-1203
      View Details
    • Value Estimation by Request
      1.70 Acres

      703 Main St

      COMMERCIAL (GENERAL) • 1.70 Acres
      703 Main St, Perryville, MO 63775-1303
      View Details
    • Value Estimation by Request
      0.70 Acres

      2595 Moore Dr

      COMMERCIAL (GENERAL) • 0.70 Acres
      2595 Moore Dr, Perryville, MO 63775-7399
      View Details

    Similar Nearby for Sale

    • $474,900
      0.36 Acres

      221 Saint Joseph St, Perryville, MO 63775

      Commercial real estate • 0.36 Acres
      221 Saint Joseph St, Perryville, MO 63775
      View Details
    • $550,000
      0.72 Acres

      Downtown Perryville Commercial Property

      Established commercial property with tenant in place in downtown Perryville.
      304 W South St, Perryville, MO 63775
      View Details
    • $131,000
      0.23 Acres

      Turnkey Day Care Facility

      Ready-to-go day care with playground and equipment included.
      500 W North St, Perryville, MO 63775
      View Details
    • $493,888

      Commercially Zoned Land with Income

      1.63 acres with income-producing water and ice vending business.
      351 N Perryville Blvd, Perryville, MO 63775
      View Details
    • Contact for pricing

      3.7 Acres on Highway 51

      3.7 acres suitable for development with highway visibility.
      State Hwy 51, Perryville, MO 63775
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Perryville, Missouri.
      2015-2021 Jefferson St, Perryville, MO 63775
      View Details
    • $4 SF/Yr

      Jefferson Street Commercial Space Available

      Commercial space for rent on Jefferson Street, Perryville, MO.
      2015 Jefferson St, Perryville, MO 63775
      View Details
    • Contact for pricing
      1,554 SF

      Retail Space in Walmart Center

      High-profile retail endcap in shadow-anchored shopping center for lease.
      2015 Jefferson St, Perryville, MO 63775
      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.
    Veterans Memorial Pkwy
    Perryville, MO 63775
    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
    Veterans Memorial Pkwy, Perryville, MO, 63775
    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!