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    106 Oak St Advance, MO 63730
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    106 Oak St Advance, MO 63730

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    • Commercial real estate
    • 0.23 lot acres
    For Sale
    $188,000
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    Prime Advance, MO Commercial Lot For Sale
    $188,000

    Prime Advance, MO Commercial Lot

    0.23-Acre Commercial Land, $188,000

    106 Oak St, Advance, MO 63730
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    Property ID
    US48-2121338
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Green Darryl MD / Physician
    • CROSS TRAILS MEDICAL CENTER / Community Health Centre / Health Care Facility

    Property Details for 106 Oak St

    Year built
    1950
    Lot size
    0.23 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.23-acre commercial lot presents a remarkable opportunity for investors and entrepreneurs seeking a strategic foothold in the thriving Advance, Missouri market. Located at 106 Oak Street, this property offers significant potential for a diverse range of commercial ventures. Its convenient location provides excellent visibility and accessibility, ensuring high traffic exposure for any business established here. The expansive 0.23-acre parcel allows for ample space for development, accommodating a variety of building sizes and designs. The property's zoning allows for a wide array of commercial uses, making it an ideal investment for those seeking flexibility and adaptability. Advance, MO boasts a strong local economy and a growing population, creating a favorable environment for business growth and profitability. This property is priced competitively at $188,000, representing an attractive return on investment for discerning buyers. The absence of existing structures provides a blank canvas for creating a custom-designed commercial space tailored to specific business needs. This is a rare opportunity to acquire a prime commercial lot in a desirable location, offering significant potential for long-term growth and success. Don't miss out on this chance to secure a valuable asset in a thriving community. Serious inquiries are encouraged. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Advance
    County
    Stoddard
    State
    Missouri
    Longitude
    -89.90913
    Latitude
    37.10449

    Comparable in this City

    • $255,000

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    • $255,000
      4,800 SF

      Versatile Commercial Building on 4 Acres

      4,800 sq ft building on 4 acres with income potential.
      18762 State Highway C, Advance, MO 63730
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      1.52 Acre Development Tract

      1.52 acre commercial development tract on Missouri State Hwy 25.
      33565 Mo-25, Advance, MO 63730
      View Details

    Similar Nearby for Sale

    • $255,000

      Land on State Highway C

      Commercial land available on State Highway C in Advance, MO.
      18762 State Highway C, Advance, MO 63730
      View Details
    • $255,000
      4,800 SF

      Versatile Commercial Building on 4 Acres

      4,800 sq ft building on 4 acres with income potential.
      18762 State Highway C, Advance, MO 63730
      View Details
    • Contact for pricing

      1.52 Acre Development Tract

      1.52 acre commercial development tract on Missouri State Hwy 25.
      33565 Mo-25, Advance, MO 63730
      View Details
    View Listing
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    106 Oak St
    Advance, MO 63730
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    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
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