Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    408 Walnut St Houston, MO 65483

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    408 Walnut St Houston, MO 65483

    View on Map
    • Bars & Pubs
    • 1,536 SF
    • 0.24 lot acres
    For Sale
    $110,000
    View Listing →
    Prime Houston Commercial Building For Sale
    $110,000

    Prime Houston Commercial Building

    High-traffic location, versatile space, great value.

    Tyrone, MO 65483
    View Listing
    Property ID
    US48-1764083
    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

    • Bars & Pubs

    Property Details for 408 Walnut St

    Year built
    1950
    Lot size
    0.24 lot acres
    Property size
    1,536 SF
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    20-0.3-05-003-022-004.01
    APU
    20030500302200401

    Description

    This exceptional commercial property, located at 408 E Walnut Street in Houston, Missouri, presents a unique investment opportunity. Situated on a 0.24-acre lot within the city limits and conveniently close to downtown and Business Highway 63, this building enjoys high visibility and accessibility. Constructed of durable concrete block with concrete floors and a low-maintenance metal roof, this structure is built to last. The interior offers approximately [Note: Square footage is missing from the provided data, so it cannot be included] of flexible space, ideally suited for a variety of commercial uses. Two spacious rooms are perfect for retail operations, office space, or meeting areas. The property also includes two half-bathrooms, ample storage rooms, and a functional kitchen area. Its most recent use was as a church, showcasing its adaptability and potential for diverse applications. The asking price of $110,000 represents a compelling value for a well-maintained commercial building in a desirable location. This property is ready for immediate occupancy and offers significant potential for return on investment. The strategic location and versatile layout make this an exceptional opportunity for entrepreneurs and investors alike. Don't miss out on this chance to acquire a prime commercial property in a thriving Missouri community.

    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
    Houston
    County
    Texas
    State
    Missouri
    Longitude
    -91.9529
    Latitude
    37.3275

    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
    0
    $0.00
    $0.00
    $0.00
    $8,340
    -
    $7,000
    $19,060
    $26,060

    Comparable in this City

    • Value Estimation by Request
      1,632 SF

      116 Grand Ave

      BAR, TAVERN • 1,632 SF
      116 Grand Ave, Houston, MO 65483-1222
      View Details
    • Value Estimation by Request
      3,629 SF

      Hwy 63

      RESTAURANT • 3,629 SF
      Hwy 63, Houston, MO 65483
      View Details
    • Value Estimation by Request
      844 SF

      Hwy 63

      RESTAURANT • 844 SF
      Hwy 63, Houston, MO 65483
      View Details
    • Value Estimation by Request
      1,815 SF

      1426 Sam Houston Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,815 SF
      1426 Sam Houston Blvd, Houston, MO 65483
      View Details
    • Value Estimation by Request
      2,043 SF

      Hwy 63

      RESTAURANT • 2,043 SF
      Hwy 63, Houston, MO 65483
      View Details
    • Value Estimation by Request
      3,526 SF

      Hwy 63

      RESTAURANT • 3,526 SF
      Hwy 63, Houston, MO 65483
      View Details

    Similar Nearby for Sale

    • $440,000
      1,448 SF

      New Commercial Building on Highway

      New 1,448 SF commercial building with highway frontage.
      6790 Us Hwy 63, Houston, MO 65483
      View Details
    • Contact for pricing

      Downtown Houston Commercial Building

      8,250 SF commercial building on 0.55 acres in Houston, MO.
      105 E Walnut St, Houston, MO 65483
      View Details
    • Contact for pricing
      1,676 SF

      Historic Downtown Houston Commercial Property

      Charming 1920s commercial property in historic downtown Houston, Missouri.
      210 S Grand Ave, Houston, MO 65483
      View Details
    • $725,000
      1.20 Acres

      Houston, MO Commercial Opportunity

      1.2-acre property with adaptable space in high-visibility location.
      1415 Sam Houston Blvd, Houston, MO 65483
      View Details
    • $65,000
      1,596 SF

      Historic Downtown Commercial Property

      Charming 1920s commercial property in historic downtown Houston, Missouri.
      210 S Grand Ave, Houston, MO 65483
      View Details
    • $595,000

      Leased Retail Center on Highway

      100% leased retail center on US Highway 63.
      1591 Us Hwy 63, Houston, MO 65483
      View Details
    View Listing
    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.
    408 Walnut St
    Houston, MO 65483
    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.
    Sign Up Successful!
    You now have access to more from Realmo!