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

    1580 Columbia St, Unit 1604 Farmington, MO 63640-3512

    • Medical offices
    • 6,697 SF
    • 4.10 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1178181
    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

    • Medical offices

    Property Details for 1580 Columbia St

    Year built
    2007
    Lot size
    4.10 lot acres
    Property size
    6,697 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    14-10-02-00-000-0078.00
    APU
    14100200000007800

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $564,000
      Market price range: $251k - $817k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $565,000
      Current use
      AUTO REPAIR, GARAGE
      $665,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $655,000
      Change: +16% Conversion: Easy
      RESTAURANT
      $625,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $525,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    St. Francois
    State
    Missouri
    Longitude
    -90.441
    Latitude
    37.7727
    CBSA code
    22100
    CBSA name
    FARMINGTON, MO MICROPOLITAN 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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $178,600
    $661,640
    $840,240

    Comparable in this City

    • Value Estimation by Request
      2,930 SF

      214 Karsch Blvd

      MEDICAL BUILDING • 2,930 SF
      214 Karsch Blvd, Farmington, MO 63640-2105
      View Details
    • Value Estimation by Request
      9,308 SF

      1309 Maple St

      MEDICAL BUILDING • 9,308 SF
      1309 Maple St, Farmington, MO 63640-7641
      View Details
    • Value Estimation by Request
      1,396 SF

      12 Harrison St

      MEDICAL BUILDING • 1,396 SF
      12 Harrison St, Farmington, MO 63640-1859
      View Details
    • Value Estimation by Request
      3,060 SF

      530 Middle St

      MEDICAL BUILDING • 3,060 SF
      530 Middle St, Farmington, MO 63640-1570
      View Details
    • Value Estimation by Request
      2,008 SF

      807 Karsch Blvd

      MEDICAL BUILDING • 2,008 SF
      807 Karsch Blvd, Farmington, MO 63640-3025
      View Details
    • Value Estimation by Request
      4,433 SF

      1280 Doctors Dr

      MEDICAL BUILDING • 4,433 SF
      1280 Doctors Dr, Farmington, MO 63640-2932
      View Details

    Similar Nearby for Sale

    • $699,999
      1.80 Acres

      Farmington Commercial Property - Huge Potential

      Thriving Daycare Business, 1.8 Acres
      1162 Karsch Blvd, Farmington, MO 63640
      View Details
    • $1,499,000
      3.82 Acres

      Farmington Commercial Land - Hwy 67

      Prime 3.82-acre commercial lot.
      792 Sunset Dr At Hwy 67, Farmington, MO 63640
      View Details
    • $599,999
      3,090 SF

      Commercial Property on 1.8 Acres

      Versatile commercial property in high-traffic location, suitable for various businesses.
      1162 E Karsch Blvd, Farmington, MO 63640
      View Details
    • Contact for pricing
      13,700 SF

      Retail Center on Market Street

      13,700 SF retail center, fully leased, on 1.14 acres.
      749 Market St, Farmington, MO 63640
      View Details
    • $1,387,168

      5.79 Acre Development Site

      Development site available for sale in Farmington, Missouri.
      Maple Valley Dr, Farmington, MO 63640
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,588 SF

      14 W Karsch Blvd

      Neighborhood centers • 11,588 SF
      14 Karsch Blvd, Farmington, MO 63640
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in High-Traffic Area

      Modern retail space with high visibility and ample parking.
      552-560 Walmart Dr, Farmington, MO 63640
      View Details
    • $1,095,000
      8,000 SF

      Freestanding Retail Building For Rent

      Retail building with ample parking and highway proximity.
      840 Valley Creek Dr, Farmington, MO 63640
      View Details
    • Contact for pricing
      1,410 SF

      Retail Space in Farmington, MO

      Retail space available for lease near healthcare facilities.
      1155 Hazel Ln, Farmington, MO 63640
      View Details
    • Contact for pricing
      5,500 SF

      Retail Space in High-Traffic Area

      Modern retail space with high visibility and ample parking.
      N Potosi St, Farmington, MO 63640
      View Details
    • $8 SF/Yr
      5,000 SF

      Farmington Storage Building For Rent

      5,000 SF storage building in retail and restaurant area.
      120 E Karsch Blvd, Farmington, MO 63640
      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.
    1580 Columbia St, Unit 1604
    Farmington, MO 63640-3512
    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.