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    1850 Main St Eureka, MO 63025

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    1850 Main St Eureka, MO 63025

    View on Map
    • Commercial real estate
    • 3.00 lot acres
    Off-Market
    Property ID
    US48-0754828
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1850 Main St

    Lot size
    3.00 lot acres
    Property type
    Commercial real estate
    APN
    29W140763

    Description

    This exceptional 3.688-acre commercial lot in Eureka, Missouri, presents a unique investment opportunity. Located on West Main Street (APN 29W140763), this property boasts 1724 feet of road frontage, providing unparalleled visibility and accessibility for a wide range of commercial ventures. Zoned Planned Commercial, it's ideally situated near Six Flags and The Legends Country Club, benefiting from high traffic counts exceeding 30,000 vehicles daily. The property's strategic location adjacent to a thriving neighborhood and a major highway ensures significant exposure. Eureka's robust economic growth, evidenced by an 18% population increase since 2018 and a 22% rise in household income (now exceeding $115,000), makes this a particularly attractive investment. The asking price is $29,500. This land offers potential for various uses, including but not limited to timber/lumber operations, neighborhood expansion projects, or new commercial developments. Its size and location make it a compelling opportunity for investors seeking high-visibility commercial real estate in a rapidly growing area. The property is privately owned and ready for immediate development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.672317872609
    Latitude
    38.503471680089

    Comparable in this City

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      Commercial Land in Eureka, MO

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      Workman Road Land Parcel

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      Wildwood Land Near Amenities

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      Residential Land in Echo Lake

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      Land For Development in Eureka

      0.82 acres of commercial land ready for development.
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    Similar Nearby for Sale

    • $59,900
      4.23 Acres

      Residential Land in Eureka, Missouri

      4.23 acre residential land for sale in Eureka, Missouri.
      3523 Hawthorne Ridge Dr, Eureka, MO 63025
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    • $399,000
      4.80 Acres

      Commercial Land in Eureka, MO

      4.8 acres of commercial land suitable for various business ventures.
      10 Williams Rd, Eureka, MO 63025
      View Details
    • Contact for pricing

      Workman Road Land Parcel

      11.45 acre land parcel suitable for multi-family or industrial.
      632 Workman Rd, Eureka, MO 63025
      View Details
    • $395,000
      14.09 Acres

      Wildwood Land Near Amenities

      14.09 acre tract suitable for residential, recreation, or horse farm.
      744 Forby Rd, Wildwood, MO 63025
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    • $42,500
      1.13 Acres

      Residential Land in Echo Lake

      Spacious double lot in established Echo Lake subdivision.
      3 Broken Arrow Ct, Byrnes Mill, MO 63025
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    • Contact for pricing

      Land For Development in Eureka

      0.82 acres of commercial land ready for development.
      80 Hilltop Village Center Dr, Eureka, MO 63025
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land and Office Space Available

      Land and office space for lease in Eureka, Missouri.
      8 Legends Pkwy, Eureka, MO 63025
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      Land Ready For Development

      Land available for ground lease, ideal for development.
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      Land Ready For Development

      Land for development with high visibility and frontage.
      875 W 5Th St, Eureka, MO 63025
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      Retail Space Near Six Flags

      Retail space in Eureka, close to Six Flags St. Louis.
      131 Eureka Towne Center Dr, Eureka, MO 63025
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    • Contact for pricing
      1,150 SF

      Anchored Retail Center Space Available

      Retail spaces and restaurant outparcels available for lease.
      125-191 Eureka Towne Center Dr, Eureka, MO 63025
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    • Contact for pricing
      965 SF

      Retail Space Anchored by Schnuck's

      Retail space available in Schnuck's grocery anchored shopping center.
      205-257 E 5Th St, Eureka, MO 63025
      View Details
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    1850 Main St
    Eureka, MO 63025
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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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