Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    475 Western Dr Sikeston, MO 63801
    Back to Search
    Property profile & analytics

    475 Western Dr, Sikeston, MO 63801

    View on Map
    • Office buildings
    • 2,620 SF
    • 1.28 lot acres
    For Sale
    $565,000
    View Listing →
    Sikeston Commercial Property - High Income Potential For Sale
    $565,000

    Sikeston Commercial Property - High Income Potential

    Versatile Commercial Building w/ Apartment & Billboard Income

    Miner, MO 63801
    View Listing
    Property ID
    US48-2101036
    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

    • Office buildings

    Property Details for 475 Western Dr

    Year built
    2000
    Lot size
    1.28 lot acres
    Property type
    Office buildings
    APN
    18-2.0-10.00-000-000-091.00
    APU
    1820100000000009100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 12, 2019 — I 55 Properties LLC Shelby Elliott Warranty Deed $201k · Shelby Elliott Etux

    Description

    This exceptional commercial property in Sikeston, Missouri, presents a rare investment opportunity. Strategically located off Interstate 55, this well-maintained building offers 5,512 square feet of versatile space, ideal for multiple uses. The property includes a spacious warehouse (2,420 sq ft) equipped with heating, air conditioning, and a large garage door, perfect for storage or light manufacturing. The office area (2,200 sq ft) features a reception area, three private offices, two work areas, and a bathroom, providing ample space for administrative functions. Upstairs, a comfortable 892 sq ft apartment with two bedrooms, one bathroom, an open living room, and a fully equipped kitchen offers additional income potential or could be used as extra office space. This versatile space is perfect for a variety of businesses. The 1.28-acre lot is fully fenced with two entrances, ensuring security and convenient access. A significant advantage is the existing billboard on the property, generating consistent annual lease income for the owner. This property offers a unique blend of commercial and residential space, making it an attractive investment with immediate return potential. The combination of prime location, substantial square footage, and existing income stream makes this a truly exceptional opportunity.

    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
    Sikeston
    County
    Scott
    State
    Missouri
    Longitude
    -89.5325
    Latitude
    36.909
    CBSA code
    43460
    CBSA name
    SIKESTON, MO MICROPOLITAN STATISTICAL AREA

    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
    $41,830
    -
    $22,400
    $108,330
    $130,730

    Comparable in this City

    • Value Estimation by Request
      450 SF

      193 Glaus Dr

      OFFICE BUILDING (MULTI-STORY)
      193 Glaus Dr, Sikeston, MO 63801
      View Details
    • Value Estimation by Request
      4,620 SF

      Sikeston, MO 63801

      OFFICE BUILDING
      Sikeston, MO 63801
      View Details
    • Value Estimation by Request
      783 SF

      310 Wn St

      OFFICE BUILDING
      310 Wn St, Sikeston, MO 63801-4134
      View Details
    • Value Estimation by Request
      1,035 SF

      118 2nd St

      OFFICE BUILDING
      118 2nd St, Sikeston, MO 63801-5171
      View Details
    • Value Estimation by Request
      2,750 SF

      Compress Rd

      OFFICE BUILDING
      Compress Rd, Sikeston, MO 63801
      View Details
    • Value Estimation by Request
      5,040 SF

      Interstate S Dr

      OFFICE BUILDING
      Interstate S Dr, Sikeston, MO 63801
      View Details

    Similar Nearby for Sale

    • $279,000
      4,273 SF

      Downtown Sikeston Commercial Office Building

      Commercial property with endless business opportunities in downtown Sikeston.
      202 S Kingshighway St, Sikeston, MO 63801
      View Details
    • $979,500

      Sikeston Commercial Building Investment Opportunity

      High-visibility commercial building with income and upside potential.
      808 E Wakefield Ave, Sikeston, MO 63801
      View Details
    • $775,000
      1.67 Acres

      Remodeled Commercial Building in Sikeston

      Remodeled commercial building suitable for single or multiple tenants.
      210 S Kingshighway St, Sikeston, MO 63801
      View Details
    • Contact for pricing
      7,100 SF

      Commercial Building in High Traffic

      7100 sq ft commercial building in high traffic area.
      1218 Linn St, Sikeston, MO 63801
      View Details
    • Contact for pricing
      14,642 SF

      Historic Downtown Mixed-Use Opportunity

      Two-story historic building in downtown Sikeston with modern potential.
      124 E Front St, Sikeston, MO 63801
      View Details
    • $550,000
      1,150 SF

      Sikeston Retail Property For Sale

      Established family-owned business with high visibility for over 30 years.
      1018 Linn St, Sikeston, MO 63801
      View Details

    Similar Nearby for Lease

    • $305 /Mo

      Private Office in Remodeled Building

      Single office space ideal for professionals or entrepreneurs.
      210 S Kingshighway St, Sikeston, MO 63801
      View Details
    • $1,950 /Mo

      New Office/Retail Center on Main

      Prime location with excellent traffic and visibility.
      600 N Main St, Sikeston, MO 63801
      View Details
    • $2,000 /Mo

      Professional Space Near Main Intersection

      Prime location, high visibility, and flexible floor plan.
      1226 Linn St, Sikeston, MO 63801
      View Details
    • Contact for pricing

      Medical Office Space Sublease

      2,631 SF medical office space available for sublease.
      1124 N Main St, Sikeston, MO 63801
      View Details
    • Contact for pricing

      Sikeston Medical/Office Space Available

      Multi-tenant commercial building near Missouri Delta Medical Center.
      808 E Wakefield Ave, Sikeston, MO 63801
      View Details
    • $790 /Mo

      Remodeled Office Space Available

      Recently remodeled office space with private office and storage.
      210 S Kingshighway St, Sikeston, MO 63801
      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.
    475 Western Dr
    Sikeston, MO 63801
    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

    Thank You for Inquiry
    475 Western Dr, Sikeston, MO, 63801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!