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    Property profile & analytics

    15 Olive St Aurora, MO 65605

    • Investment properties
    • 4,500 SF
    For Sale
    View listing
    $485,000
    Value Estimation
    Location Intelligence
    Property ID
    US48-2905036
    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

    • Investment properties

    Property Details for 15 Olive St

    Property size
    4,500 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    191012004005002003
    APU
    191012004005002003

    Description

    This exceptional 6,000 square foot property at 15 E Olive Street, Aurora, MO, presents a lucrative investment opportunity. Situated on a 0.23-acre lot in a high-traffic area, this fully operational restaurant, the Olive Grille, has thrived for over thirteen years, boasting a loyal clientele. The sale includes all equipment and inventory, as detailed in the attached list. The spacious layout features a large dining area, a substantial banquet room perfect for events, and a charming outdoor courtyard ideal for weddings or other functions. Adding to its appeal is a four-bedroom, two-bathroom apartment located upstairs, offering potential for owner occupancy or rental income. The current owners are offering a unique transition opportunity, providing training and support to the new owner, even allowing the retention of the established Olive Grille name and menu if desired. This turnkey business offers a rare chance to own a successful, established restaurant with significant upside potential. The asking price is $485,000. This is a remarkable chance to realize your entrepreneurial aspirations in a vibrant community. Don't miss this exceptional opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $330,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $265,000
      Retail
      $360,000
      Mixed-Use
      $280,000
      Hospitality
      $285,000
      Educational
      $350,000
      Residential Income
      $265,000
      Energy
      $330,000
      Income-Based Land
      $265,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Lawrence
    State
    Missouri
    Longitude
    -93.7203
    Latitude
    36.9755

    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
    $2,495
    $4,260
    $43,070
    $47,330
    -
    $0.00
    $0.00
    $197,511

    Comparable in this City

    • Value Estimation by Request
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      STORE/OFFICE (MIXED USE) • 2,016 SF
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    • Value Estimation by Request
      1,790 SF

      429 Church St

      STORE/OFFICE (MIXED USE) • 1,790 SF
      429 Church St, Aurora, MO 65605-1519
      View Details
    • Value Estimation by Request
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      1005 Elliott Ave

      STORE/OFFICE (MIXED USE) • 1,376 SF
      1005 Elliott Ave, Aurora, MO 65605-2403
      View Details
    • Value Estimation by Request
      2,250 SF

      109 Madison Ave

      STORE/OFFICE (MIXED USE) • 2,250 SF
      109 Madison Ave, Aurora, MO 65605-1426
      View Details

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      Prime Aurora Restaurant & Apartment

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    15 Olive St
    Aurora, MO 65605
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    Realmo Value Estimation

    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.

    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.

    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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