1027 Airport Rd Festus, MO 63028-4103
Property Lookup
Property profile & analytics
1027 Airport Rd Festus, MO 63028-4103
- Warehouses
- 17,732 SF
- 1.70 lot acres
Property ID
US48-1250446
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Festus Self Storage / Storage Facility
Property Details for 1027 Airport Rd
- Year built
- 1980
- Lot size
- 1.70 lot acres
- Property size
- 17,732 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 19-4.0-18.0-0-001-026.02
- APU
- 1940180000102602
Description
This exceptional self-storage facility in Festus, Missouri, presents a compelling investment opportunity. Boasting 170 units across 17 buildings totaling 24,748 net rentable square feet on a 2.37-acre lot, this property consistently achieves near-100% occupancy (currently at 98%). Built in 1985 and 2002, the facility features a fully fenced perimeter with an automatic gate, security cameras, and ample lighting, ensuring both security and peace of mind. The property includes a recently refinished manager's office, currently generating an estimated $850-$1,000 monthly rental income, and offers 20 parking spaces. Located conveniently near a major hospital and new developments, including a large James Hardie facility opening in 2025, this property benefits from strong demand and growth potential. The current owner has recently added space for 8-10 large outdoor RV/boat storage units, representing an additional revenue stream. Significant upside potential exists through market-rate rent increases (current rents are below market value), the addition of administrative, retail, and tenant insurance fees, and further development of the outdoor storage area. Seller financing options are available, including the assumption of an existing note and a potential second mortgage. The property's strong NOI of $119,157 and a 7.33% cap rate make this a highly attractive investment. The asking price is $1,625,000, or $9,558.82 per unit, and $65.66 per square foot. This is a turnkey operation with a proven track record of success and significant potential for future growth.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $405,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $842,000
Market price range: $457k - $2.33M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Festus
- County
- Jefferson
- State
- Missouri
- Longitude
- -90.3912
- Latitude
- 38.1953
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,530
$47,400
$114,200
$161,600
-
$148,100
$356,800
$504,900
