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    1402 Veterans Memorial Pkwy Truesdale, MO 63380-1316
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    Property profile & analytics

    1402 Veterans Memorial Pkwy Truesdale, MO 63380-1316

    View on Map
    • Manufacturing properties
    • 113,525 SF
    • 24.82 lot acres
    Off-Market
    Last Sale Dec 18, 2023
    Property ID
    US48-1580658
    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
    $1,185,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1402 Veterans Memorial Pkwy

    Lot size
    24.82 lot acres
    Property size
    113,525 SF
    Property type
    Manufacturing properties
    APN
    05-22.0-3-00-016.000.000
    APU
    5220300016000000

    Description

    This exceptional 114,000-square-foot manufacturing facility in Truesdale, Missouri, presents a unique leasing opportunity. Located at 1402 E Veterans Memorial Parkway, this single-tenant building boasts a spacious layout ideal for various manufacturing operations. The property sits on a generous 10-14 acre lot, providing ample room for expansion or outdoor storage. Built in 2022, the facility is in excellent condition and features high ceilings ranging from 22 to 26 feet, allowing for efficient use of vertical space and accommodating large machinery. Three loading docks and three drive-in doors ensure smooth and efficient loading and unloading processes. The property is equipped with robust power capabilities, including 480/277V, 2,000 amps, and 3-phase power, suitable for demanding manufacturing needs. Situated in Warren County, this location offers convenient access to major transportation routes, making it an attractive option for businesses seeking a strategic location in Missouri. The entire 114,000 square feet is currently vacant and ready for immediate occupancy. This property represents a rare opportunity to secure a modern, well-equipped manufacturing space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $905,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,464,000
      Market price range: $1.46M - $3.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Truesdale
    County
    Warren
    State
    Missouri
    Longitude
    -91.1291
    Latitude
    38.8159
    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
    $45,525
    $129,426
    $485,539
    $614,965
    -
    $540,580
    $1,517,310
    $2,057,890

    Comparable in this City

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      $1,045,000
      93,104 SF

      H G P Industrial Dr

      MANUFACTURING (LIGHT) • 93,104 SF
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    • Value Estimation
      $520,000
      20,100 SF

      220 Spoede Ln

      MANUFACTURING (LIGHT) • 20,100 SF
      220 Spoede Ln, Truesdale, MO 63380-7600
      View Details
    • Value Estimation by Request
      12,851 SF

      1400 Veterans Memorial Pkwy

      MANUFACTURING (LIGHT) • 12,851 SF
      1400 Veterans Memorial Pkwy, Truesdale, MO 63380-1316
      View Details
    • Value Estimation
      $3,185,000
      251,900 SF

      1410 Veterans Memorial Pkwy

      MANUFACTURING (LIGHT) • 251,900 SF
      1410 Veterans Memorial Pkwy, Truesdale, MO 63380-1316
      View Details
    • Value Estimation by Request
      9,500 SF

      5900 Spoede Ln

      MANUFACTURING (LIGHT) • 9,500 SF
      5900 Spoede Ln, Truesdale, MO 63380-7676
      View Details
    • Value Estimation
      $2,115,000
      158,520 SF

      7501 Spoede Ln

      MANUFACTURING (LIGHT) • 158,520 SF
      7501 Spoede Ln, Truesdale, MO 63380-7631
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,500 SF

      Warrenton Office Warehouse with Freezer

      24,500+/- Sq Ft office warehouse with freezer and cold storage.
      4800 S Spoede Ln, Warrenton, MO 63380
      View Details
    • Contact for pricing
      9,500 SF

      Office Warehouse with Loading Docks

      9,500 SF office warehouse featuring drive-in doors and docks.
      5900 S Spoede Ln, Truesdale, MO 63380
      View Details
    • $1,850,000

      Highway M Land Opportunity

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      Highway M, Truesdale, MO 63380
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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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