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    114 Main St Hillsboro, MO 63050
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    114 Main St, Hillsboro, MO 63050

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    • Office Spaces
    • 2,772 SF
    • 0.51 lot acres
    For Sale
    $426,900
    View Listing →
    Commercial Property Near City Hall For Sale
    $426,900
    2,772 SF

    Commercial Property Near City Hall

    Updated commercial property with large lot near government buildings.

    114 Main St, Hillsboro, MO 63050
    View Listing
    Property ID
    US48-1205760
    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

    • Office Spaces

    Property Details for 114 Main St

    Year built
    1965
    Lot size
    0.51 lot acres
    Zone code
    CT1
    Property type
    Office Spaces
    APN
    17-2.0-03.0-1-002-015.
    APU
    17200301002015

    Description

    This exceptional commercial property, located at 114 Main St, Hillsboro, MO 63050, offers 2,772 square feet of traditional office space in a single-story building. Situated on a substantial 22,216-acre lot, this Class B building boasts a prime location directly across from City Hall and just one block from the courthouse. Built in 1920 and renovated in 2014, the property features a spacious reception area, six private offices, a conference room, two bathrooms, a kitchenette, and ample storage. The property is zoned for commercial use and has a Jefferson County APN of 17-2.0-03.0-1-002-015. The building is comprised of two suites available for multiple tenancy. Taxes are $3,201 per square foot. The property is easily accessible via Business 21. A minimum three-year lease is required. This is an ideal location for professional office use. The property's address is 114 Main St, Hillsboro, MO 63050.

    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
    Hillsboro
    County
    Jefferson
    State
    Missouri
    Longitude
    -90.5614
    Latitude
    38.2318
    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
    $3,201
    $21,300
    $27,700
    $49,000
    -
    $66,600
    $86,500
    $153,100

    Comparable in this City

    • Value Estimation by Request
      3,480 SF

      10570 Business 21

      OFFICE (GENERAL)
      10570 Business 21, Hillsboro, MO 63050-5088
      View Details
    • Value Estimation by Request
      1,600 SF

      10540 Business 21

      OFFICE (GENERAL)
      10540 Business 21, Hillsboro, MO 63050-5901
      View Details
    • Value Estimation by Request
      850 SF

      200 Main St

      OFFICE (GENERAL)
      200 Main St, Hillsboro, MO 63050-4376
      View Details
    • Value Estimation by Request
      6,540 SF

      301 Main St

      OFFICE (GENERAL)
      301 Main St, Hillsboro, MO 63050-4371
      View Details
    • Value Estimation by Request
      3,100 SF

      411 Maple Ln

      OFFICE (GENERAL)
      411 Maple Ln, Hillsboro, MO 63050-4363
      View Details
    • Value Estimation by Request
      2,920 SF

      5998 State Rd B B

      OFFICE (GENERAL)
      5998 State Rd B B, Hillsboro, MO 63050-3046
      View Details

    Similar Nearby for Sale

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      2,772 SF

      Commercial Property Near City Hall

      Updated commercial property with large lot near government buildings.
      114 Main St, Hillsboro, MO 63050
      View Details
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      0.27 Acres

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      0.25 Acres

      Residential Lot in Raintree Plantation

      Residential lot in a gated community with lake and golf access.
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      0.25 Acres

      Raintree Plantation Land with Lake Views

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    Similar Nearby for Lease

    • $156 SF/Yr
      2,772 SF

      Hillsboro Office Building For Lease

      Prime location, 2 suites, 2772 sq ft.
      114 Main St, Hillsboro, MO 63050
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Hillsboro Center

      Retail space available in grocery-anchored Hillsboro shopping center.
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      View Details
    View Listing
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    Hillsboro, MO 63050
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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.

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