1500 Outer E Rd Eureka, MO 63025-1916
- Retail space
- 1,080 SF
- 5.00 lot acres
Current Use by Public Records
- Retail space
Property Details for 1500 Outer E Rd
- Year built
- 2020
- Construction
- FRAME
- Lot size
- 5.00 lot acres
- Property size
- 1,080 SF
- Zone code
- 98C
- Property type
- Retail space
- APN
- 29U-2-4-124-4
- APU
- 29U241244
Description
This exceptional investment opportunity presents a thriving RV storage facility in Eureka, Missouri, boasting a strong 78% occupancy rate. The property encompasses 5 acres of land and features two buildings totaling 31,350 square feet of covered storage space. Currently, 156 of the 200 available spaces are leased, generating substantial income. The rental mix includes 13 covered spaces averaging $153 per month, 31 enclosed spaces averaging $88 per month, and 112 outdoor spaces averaging $81 per month. Detailed financial information, including the rent roll and profit & loss statement, is available upon execution of a non-disclosure agreement. The facility benefits from a prime location on Highway 44, enjoying high visibility with over 90,000 vehicles passing daily. Security features include a gated and fenced entry system with a digital keypad, 16 security cameras, an alarm system, and an audio/speaker system. The property is commercially zoned with a special use permit for outdoor storage, and utilities (electric, water, and sewer) are connected to the site. A significant advantage is that 1.5 acres of the property are elevated above the floodplain. The 2024 property taxes are $31,440. This is a turnkey operation with significant potential for future growth and value appreciation. The asking price is $1,999,999.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $490,000
- 6.5%
- $460,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $435,000
- Geo Method
- $460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $600,000
- Retail
- $535,000
- Mixed-Use
- $475,000
- Hospitality
- $520,000
- Educational
- $555,000
- Residential Income
- $515,000
- Energy
- $470,000
- Income-Based Land
- $500,000
- Food Service
- $570,000
Location Insight
- Map
- Local Demand
- City
- Eureka
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.6092
- Latitude
- 38.5017
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
