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    Property profile & analytics

    424 Market St Memphis, MO 63555

    • Commercial real estate
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US48-2278396
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 424 Market St

    Lot size
    0.46 lot acres
    Property type
    Commercial real estate

    Description

    This charming two-unit apartment building presents a fantastic investment opportunity in Memphis, Missouri. Located just four blocks north of the Memphis square and three blocks east of Legion Park and the city pool, this property boasts a prime location with convenient access to local amenities. The building sits on a spacious 0.46-acre lot (156x132 feet). The main level apartment, currently rented and generating income, has undergone recent renovations, including new sheetrock, hardwood floors, updated entry and bathroom flooring, and a new deck on the covered front porch. This unit features one bedroom, one bathroom, a large kitchen and dining room, a spacious family room, and an attached office space with the potential to be converted into a second bedroom. The HVAC system was replaced in 2023. The upstairs apartment offers a separate entrance and includes one bedroom, one bathroom, a kitchen, and a living room. Both units provide comfortable living spaces for tenants. The seller is open to discussing the sale as-is or with the completion of additional projects. This property offers a blend of immediate income potential and the opportunity for further value enhancement, making it an ideal investment for both seasoned and aspiring real estate investors. The asking price is $149,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Scotland
    State
    Missouri
    Longitude
    -92.168983
    Latitude
    40.4638252
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    424 Market St
    Memphis, MO 63555
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    Realmo Value Estimation

    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.

    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.

    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
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