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    Property profile & analytics

    1114 S Main St Maryville, MO 64468

    • Drug stores
    • 13,650 SF
    • 1.12 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2533298
    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.

    Current Use by Public Records

    • Julie Simmerman / Pharmacy
    • Theresa Rowan / Pharmacy
    • Julie Simmerman, Pharm / Pharmacy
    • Theresa A. Rowan, RPH / Pharmacy

    Property Details for 1114 S Main St

    Year built
    2009
    Lot size
    1.12 lot acres
    Property size
    13,650 SF
    Property type
    Drug stores

    Description

    This exceptional investment opportunity presents a 13,650 square foot, Class A, single-tenant retail property currently leased to Walgreens under an absolute NNN lease. Located at 1114 S Main St, Maryville, MO 64468, this two-story building sits on a 1.12-acre lot and boasts a strong 9.00% cap rate, generating a substantial NOI of $312,334. The lease, commencing September 1, 2009, and expiring August 31, 2034, offers a remaining term of approximately 9.8 years, providing significant long-term stability. While Walgreens has vacated the premises, rent payments continue under the corporate guarantee, ensuring consistent cash flow. The property benefits from a prime location, adjacent to McDonald's and across from Hy-Vee Supermarket, with high daily traffic volume (approximately 5,112 vehicles). Other nearby businesses include Walmart, AT&T, Taco Bell, Bank Midwest, Dollar Tree, Hineline Home Furnishings, and Ace Hardware. The lease includes ten 5-year options, further enhancing the investment's long-term value. This property is offered at $3,470,000 ($254.21/sq ft) and is ideal for a 1031 exchange. Built in 2009, the property maintains 100% occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Maryville
    County
    Nodaway
    State
    Missouri
    Longitude
    -94.873804277211
    Latitude
    40.333798579938

    Comparable in this City

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      0.13 Acres

      Mixed-Use Investment Opportunity

      Downtown Maryville mixed-use property with apartments and commercial space.
      123 N Main St, Maryville, MO 64468
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    • $365,000

      Downtown Maryville Auto Shop

      Prime location, high traffic, great potential.
      420 Market St, Maryville, MO 64468
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    • $60,000
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      Prime Maryville Residential Land

      2.06 Acres, $60,000 - Build Your Dream Home
      0 Cedar Ridge Dr, Maryville, MO 64468
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    • New
      $300,000
      Pending

      Maryville Multifamily Investment Opportunity

      Well-maintained multifamily property near NWMSU and downtown Maryville.
      825 N Buchanan St, Maryville, MO 64468
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    • $749,999

      Prime Maryville Commercial Space

      Main Street location, spacious showroom & shops
      2507 Main St, Maryville, MO 64468
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    • New
      $205,000
      0.10 Acres

      Charming Updated Home Near NWMSU

      Immaculate 3-bedroom, 2-bath home near campus and downtown.
      215 W 8Th St, Maryville, MO 64468
      View Details

    Similar Nearby for Sale

    • $910,000
      0.13 Acres

      Mixed-Use Investment Opportunity

      Downtown Maryville mixed-use property with apartments and commercial space.
      123 N Main St, Maryville, MO 64468
      View Details
    • $365,000

      Downtown Maryville Auto Shop

      Prime location, high traffic, great potential.
      420 Market St, Maryville, MO 64468
      View Details
    • $60,000
      2.06 Acres

      Prime Maryville Residential Land

      2.06 Acres, $60,000 - Build Your Dream Home
      0 Cedar Ridge Dr, Maryville, MO 64468
      View Details
    • New
      $300,000
      Pending

      Maryville Multifamily Investment Opportunity

      Well-maintained multifamily property near NWMSU and downtown Maryville.
      825 N Buchanan St, Maryville, MO 64468
      View Details
    • $749,999

      Prime Maryville Commercial Space

      Main Street location, spacious showroom & shops
      2507 Main St, Maryville, MO 64468
      View Details
    • New
      $205,000
      0.10 Acres

      Charming Updated Home Near NWMSU

      Immaculate 3-bedroom, 2-bath home near campus and downtown.
      215 W 8Th St, Maryville, MO 64468
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,650 SF

      Retail Space Sublease Opportunity

      Former Walgreens available for sublease in Maryville, Missouri.
      1114 S Main St, Maryville, MO 64468
      View Details
    • Contact for pricing
      6,590 SF

      Retail Space Available For Rent

      Retail space available for lease in Maryville, Missouri.
      1506-1512 S Main St, Maryville, MO 64468
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    • Contact for pricing
      58,680 SF

      Maryville Retail Space For Lease

      Prime Maryville storefront, 4,250 sq ft.
      1400 Main St, Maryville, MO 64468
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    • New
      $15 SF/Yr

      Prime Retail Space Near NWMSU

      3,000 SF commercial space in the heart of Maryville, MO.
      1109 S Main St, Maryville, MO 64468
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    • Contact for pricing
      4,250 SF

      Retail Space on Main Thoroughfare

      Retail space available on main retail thoroughfare.
      1308-1506 South Main St, Maryville, MO 64468
      View Details
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    Maryville, MO 64468
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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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