Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2929 Bowling Ave Hannibal, MO 63401
    Property profile & analytics

    2929 Bowling Ave Hannibal, MO 63401

    View on Map
    • Commercial real estate
    • 0.17 lot acres
    Off-Market
    Property ID
    US48-1941048
    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 2929 Bowling Ave

    Year built
    1978
    Lot size
    0.17 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property located at 2929 Bowling Avenue in Hannibal, Missouri, presents a fantastic opportunity for a variety of businesses. The building, a well-maintained 30x40 metal structure, offers approximately 1200 square feet of usable space. Features include efficient heating and air conditioning, a conveniently located bathroom, and a dedicated office area, making it ideal for a range of commercial uses. The property's previous use as an auto repair shop speaks to its structural integrity and suitability for similar businesses. While some items remain to be removed by the seller, this presents a chance for immediate customization to suit your specific needs. The property boasts ample parking, a significant advantage for customer convenience and employee accessibility. A substantial concrete slab adjacent to the building offers considerable potential for expansion, allowing for future growth and development. The 0.17-acre lot provides sufficient space for operations and maneuvering. Priced competitively at $130,000, this property represents an excellent investment opportunity in a desirable location. Don't miss this chance to acquire a versatile and well-situated commercial building in Hannibal, Missouri. Schedule your showing today.

    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
    Hannibal
    County
    Marion
    State
    Missouri
    Longitude
    -91.38783
    Latitude
    39.68774

    Comparable in this City

    • $799,000
      0.21 Acres

      213-215 Main St, Hannibal, MO 63401

      Commercial real estate • 0.21 Acres
      213-215 Main St, Hannibal, MO 63401
      View Details
    • $750,000
      0.43 Acres

      Historic Hannibal Office Buildings

      Prime Downtown Location, High Visibility
      201 3Rd St, Hannibal, MO 63401
      View Details
    • $125,000
      0.01 Acres

      but they are available. Other exterior is concrete block. No water heater.

      Office SQFT M\/L: 0
      209-211 Main St, Hannibal, MO 63401
      View Details
    • $350,000
      0.71 Acres

      convection oven

      fryers
      207 Main St, Hannibal, MO 63401
      View Details
    • $309,000
      8,170 SF

      Hannibal Commercial Building on St. Mary's

      Well-maintained commercial building with office/retail space and ample parking.
      2903 Saint Marys Ave, Hannibal, MO 63401
      View Details

    Similar Nearby for Sale

    • $799,000
      0.21 Acres

      213-215 Main St, Hannibal, MO 63401

      Commercial real estate • 0.21 Acres
      213-215 Main St, Hannibal, MO 63401
      View Details
    • $750,000
      0.43 Acres

      Historic Hannibal Office Buildings

      Prime Downtown Location, High Visibility
      201 3Rd St, Hannibal, MO 63401
      View Details
    • $125,000
      0.01 Acres

      but they are available. Other exterior is concrete block. No water heater.

      Office SQFT M\/L: 0
      209-211 Main St, Hannibal, MO 63401
      View Details
    • $350,000
      0.71 Acres

      convection oven

      fryers
      207 Main St, Hannibal, MO 63401
      View Details
    • $62,500
      0.70 Acres

      Residential Lot in Fette Orchard

      Building lot in established Hannibal neighborhood, close to amenities.
      Gala Dr, Hannibal, MO 63401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Huck Finn Center

      Retail space available in established shopping center on McMasters.
      Mcmasters Ave, Hannibal, MO 63401
      View Details
    • $5,833 /Mo

      Commercial Outlot Near Pizza Hut

      Pad-ready commercial land with utilities and stormwater infrastructure.
      4839 Mcmasters Ave, Hannibal, MO 63401
      View Details
    • $1,200 /Mo

      Furnished Office Suite in Hannibal

      Professionally designed, furnished office suite with included utilities and internet.
      917 Broadway, Hannibal, MO 63401
      View Details
    • $3,000 /Mo
      16,940 SF

      Spacious Warehouse with Drive-Through Access

      16,940 sq ft warehouse with security features for lease.
      9897 County Road 410, Hannibal, MO 63401
      View Details
    • Contact for pricing

      Hannibal Retail Space For Rent

      Retail spaces available, ranging from 1,500 to 89,734 SqFt.
      3650 Stardust Dr, Hannibal, MO 63401
      View Details
    • $900 /Mo

      Furnished Office Suite in Hannibal

      Professionally designed, furnished office suite with included utilities and internet.
      917 Broadway, Hannibal, MO 63401
      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.
    2929 Bowling Ave
    Hannibal, MO 63401
    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

    Thank You for Inquiry
    2929 Bowling Ave, Hannibal, MO, 63401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!