Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1401 N Main St Sikeston, MO 63801

    • Commercial real estate
    • 9.78 lot acres
    For Sale
    View listing
    $244,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2217581
    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

    • Commercial real estate

    Property Details for 1401 N Main St

    Lot size
    9.78 lot acres
    Property type
    Commercial real estate
    APN
    01 9.2 31 000 000 020.00
    APU
    1923100000002000

    Description

    This 1.63-acre commercial lot, located at 1401 N Main St. in Sikeston, Missouri, presents a unique investment opportunity. Situated on Highway 61, a major thoroughfare connecting Sikeston to its industrial park and Southeast Missouri State University campus, this property enjoys exceptional visibility and accessibility. The site's strategic position on the northern edge of Sikeston's city limits, adjacent to the desirable Greenbriar and Fairfield subdivisions, ensures a strong residential customer base. The C-1 Neighborhood Shopping District zoning allows for a variety of uses, ideally suited for businesses catering to the needs of the surrounding community. This includes, but is not limited to, office spaces, medical practices, and professional services. The high traffic count on Highway 61 guarantees significant exposure for any business established on this property. The ample acreage provides flexibility for development, allowing for the construction of a single building or a multi-unit complex. This prime location offers a blend of convenience, visibility, and growth potential, making it an attractive proposition for investors and entrepreneurs seeking a foothold in a thriving community. The property is priced at $244,500 and offers significant potential for return on investment. Serious inquiries are encouraged.

    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
    Sikeston
    County
    New Madrid
    State
    Missouri
    Longitude
    -89.5841
    Latitude
    36.8537

    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
    $32,172
    $0.00
    $0.00
    $676,200
    -
    $0.00
    $0.00
    $2,113,125

    Comparable in this City

    • Value Estimation by Request
      1.05 Acres

      1403 Main St

      Land • 1.05 Acres
      1403 Main St, Sikeston, MO 63801
      View Details
    • Value Estimation by Request

      109 Stallcup Dr

      Farms
      109 Stallcup Dr, Sikeston, MO 63801
      View Details
    • Value Estimation by Request
      1.06 Acres

      1405 Main St

      Land • 1.06 Acres
      1405 Main St, Sikeston, MO 63801
      View Details
    • Value Estimation by Request
      1.60 Acres

      Roth St

      COMMERCIAL (GENERAL) • 1.60 Acres
      Roth St, Sikeston, MO 63801
      View Details
    • Value Estimation by Request
      0.74 Acres

      925 Kingshighway St

      COMMERCIAL (GENERAL) • 0.74 Acres
      925 Kingshighway St, Sikeston, MO 63801-4415
      View Details
    • Value Estimation by Request
      0.80 Acres

      921 Kingshighway St

      COMMERCIAL (GENERAL) • 0.80 Acres
      921 Kingshighway St, Sikeston, MO 63801-4415
      View Details

    Similar Nearby for Sale

    • $400,000

      Sikeston Commercial Land Opportunity

      Prime 2.63-acre commercial tract in Sikeston, MO.
      109 Stallcup Dr, Sikeston, MO 63801
      View Details
    • $157,500
      1.05 Acres

      Sikeston Commercial Lot - Highway 61

      High-traffic location, prime commercial lot.
      1403 Main St, Sikeston, MO 63801
      View Details
    • $400,000
      0.74 Acres

      Sikeston Commercial Building - High Traffic!

      7100 sq ft, Multi-Suite, High Traffic Area
      1218 Linn St, Sikeston, MO 63801
      View Details
    • $565,000
      1.28 Acres

      Sikeston Commercial Property - High Income Potential

      Versatile Commercial Building w/ Apartment & Billboard Income
      475 Western Dr, Sikeston, MO 63801
      View Details
    • Contact for pricing
      1.00 Acre

      Prime Sikeston Commercial Land

      High-traffic location, development potential.
      1330 Main St, Sikeston, MO 63801
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      20,000 SF

      Sikeston Warehouse Space Available

      Warehouse space for lease in Sikeston, Missouri.
      300 Matthews Ln, Sikeston, MO 63801
      View Details
    • $12 SF/Yr
      2,900 SF

      Retail Space in Sikeston, MO

      Retail space available in grocery store anchored shopping center.
      925-1077 Malone Ave, Sikeston, MO 63801
      View Details
    • $1,500 /Mo
      4,700 SF

      Sikeston Warehouse Space Available

      Warehouse space for rent in Sikeston, Missouri.
      300 Matthews Ln, Sikeston, MO 63801
      View Details
    • Contact for pricing
      215,186 SF

      Sikeston Commercial Land Opportunity

      Prime Southeast Missouri Outlot
      1330 Main St, Sikeston, MO 63801
      View Details
    • $3,625 /Mo
      2,000 SF

      Sikeston Office Suite For Rent

      Recently-built office suite with four offices, bathroom, and kitchenette.
      912 S Main St, Sikeston, MO 63801
      View Details
    • $12,500 /Mo
      55,757 SF

      Prime Commercial Land with Highway Frontage

      High-visibility commercial land with established business history and highway frontage.
      1105 S Main St, Sikeston, MO 63801
      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.
    1401 N Main St
    Sikeston, MO 63801
    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

    Google sign-in failed. Please try again or use another login method.