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Property profile & analytics
FOR LEASE
Office Spaces
302 S Lincoln Dr Troy, MO 63379
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US48-1232229
For Lease
1 / 47
$2,500/Mo
302 S Lincoln Dr, Troy, MO 63379
View Listing →
Property summary
AI-generated overview
This exceptional mixed-use property, located at 302 S Lincoln Dr in Troy, Missouri, presents a compelling investment opportunity. The 2,013 square foot building, classified as Class C, sits on a substantial 30,492 square foot lot and boasts over 200 feet of road frontage. Completely remodeled in 2020, the building currently features one leased space, generating $1,300 in monthly income until 2025, with additional vacant office space available for lease. The C3 zoning allows for a variety of commercial uses, making this property ideal for expanding an existing business, a 1031 exchange, or portfolio diversification. The ample lot size offers significant expansion potential. The asking price is $374,900, translating to $186.24 per square foot. Note that only the building is for sale
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Total area
2,013 SF
Lot
1.45 ac (63,075 SF)
APN
15-70-25-003-007-005.000
UPID
US48-1232229
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Doug Schulte Enterprises LLC · 6 yrs held
Doug Schulte Enterprises LLC
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,167
Tax year 2023
Assessed value
$48,714
Assessed 2023
Previous assessed
$48,714
+0.0% YoY
Effective rate
6.50%
On assessed value
Assessed land
$12,909
Assessed improvement
$35,805
Land market value
$40,340
Improvement market value
$111,890
Total market value
$152,230
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1960
Heating
NONE
Stories
1
Rooms
7
Total area
2,013 SF
Lot
1.45 ac (63,075 SF)
APN
15-70-25-003-007-005.000
UPID
US48-1232229
Jurisdiction
LINCOLN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
1
Rooms
7
Lot
1.45 ac
Current owner
From public records · entity-resolved
Doug Schulte Enterprises LLC
Entity
Mailing address
413 S LINCOLN DR, TROY, MO 63379-2803
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
—
Sb Austin Properties Corporation
—
Deed
related
$269,200 · Bank Of Old Monroe
Nov 14, 2024
—
Saint Paul 2020 LLC
—
Deed
related
$415,900 · Bank Of Old Monroe
Dec 9, 2022
—
Doug Schulte Enterprises LLC
—
Deed
related
$250,000 · State Bank Of Missouri
Jun 4, 2020
—
Doug Schulte Enterprises LLC
Tpd Rentals LLC
Warranty Deed
$179,900 · Tpd Rentals LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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