Property profile

408 Main St Gravois Mills, MO 65037

OFF-MARKET
Retail space
Property ID
US48-1985585
7,032 SF 0.57 ac lot Built 1996
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,032 square foot commercial property boasts prime highway frontage on Highway 5 in Laurie, Missouri, offering unparalleled visibility and exposure to a substantial daily traffic volume of 2,500-4,900 vehicles, according to MODOD. The single-level layout provides ample space for a wide variety of business ventures. Currently operating as a fitness center, the property includes all the existing equipment, which is available for purchase by a new owner wishing to continue the existing business. Adding to the investment potential, a tenant currently occupies a portion of the building, generating a consistent monthly rental income of $480. The property sits on a 0.57-acre lot and offers extensive road frontage on both Highway 5 and a secondary road, providing excellent parking capacity for numerous vehicles. This presents a unique opportunity to establish or relocate a business in a thriving Lake of the Ozarks community. The combination of high traffic counts, versatile space, and existing income streams makes this a compelling investment opportunity. The asking price for this turnkey business opportunity is $799,900.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Total area 7,032 SF
Lot 0.57 ac (25,000 SF)
APN 209029000000028000
UPID US48-1985585

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

408 Main St Gravois Mills, MO 65037-6265
Gravois Mills metro Census 470503
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$660k

Owner & transaction history

since 2021
2 recorded transactions
2023
Price N/A
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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