Property profile

421 Main St Troy, MO 63379

OFF-MARKET
Investment properties
Property ID
US48-1250680
1,920 SF 0.07 ac lot Built 1925
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 421 Main Street in historic Troy, Missouri, presents a unique investment opportunity. The beautifully renovated building, situated on a 0.07-acre lot, offers 400,000 USD in value. Currently configured as a single commercial space, its adaptable design allows for easy conversion back into two separate units, maximizing rental income potential or providing space for expansion. The property boasts a wealth of modern upgrades while retaining its historic charm. Recent renovations include new flooring, upgraded electrical systems, a completely new ductwork system, elegant crown molding, and updated lighting fixtures. Two storefront windows, enhanced by new awnings, provide excellent street visibility. The interior features a custom-built cash wrap, ample shelving, mirrors, two dressing rooms, and stunning chandeliers. One side includes a full bathroom and a sizable rear area suitable for storage or a dining space. The other side offers a half-bathroom and a small kitchen area. A spacious upstairs area presents the possibility of creating a loft apartment or additional office space. The property also includes the convenience of private parking in the rear for owners or tenants. With all major renovations already completed, this turnkey property is ready for immediate occupancy and offers significant return on investment. This is a rare chance to acquire a meticulously updated commercial space in a desirable historic location.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1925
Total area 1,920 SF
Lot 0.07 ac (2,875 SF)
APN 15-70-26-004-021-002.000
UPID US48-1250680

Cap rate & NOI

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

Location

421 Main St Troy, MO 63379-1248
Troy metro Census 810305 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2015
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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