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    510 Main St Atlanta, MO 63530

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    510 Main St Atlanta, MO 63530

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    • Retail space
    • 1,500 SF
    • 0.93 lot acres
    For Sale
    $210,000
    View Listing →
    Atlanta, MO Commercial Property For Sale
    $210,000
    3.06 Acres

    Atlanta, MO Commercial Property

    Commercial property with highway visibility and existing equipment in Atlanta, MO.

    510 Main Street, Atlanta, MO 63530
    View Listing
    Property ID
    US48-1562964
    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

    • Retail space

    Property Details for 510 Main St

    Year built
    2004
    Lot size
    0.93 lot acres
    Property size
    1,500 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    000009-0521-03005-000400
    APU
    9052103005000400

    Description

    This vacant gas station, situated on 3.72 acres of land with Highway 63 frontage, presents a compelling investment opportunity in Atlanta, Missouri. The property boasts a 1,520 square foot, single-story metal building constructed in 1980, previously used as a gas station and convenience store. The building features a kitchen/food prep area, dining space, main floor with checkout counter, furnace/storage closet, walk-in cooler with load access to showcase coolers, and a half bathroom. Interior walls are easily reconfigurable to suit various business needs. The property includes 10 parking spaces and offers both highway and city street access. While the propane gas tank has been removed, the existing infrastructure could be easily adapted for future gas station use, or the site could be redeveloped entirely. The seller will include remaining inventory. Public sewer, water, and forced gas heat/central air conditioning are in place. The property is located in the Atterberry Brothers Fourth Addition, served by Atlanta C-3 Schools, and has a 2023 tax amount of $623.21. With its high visibility location and ample space, this property offers endless possibilities for entrepreneurs seeking a prime commercial location along a major highway between Macon and Kirksville. The large lot has existing gravel and ample room for expansion or new construction. Asking price is $239,000.

    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
    Atlanta
    County
    Macon
    State
    Missouri
    Longitude
    -92.4739
    Latitude
    39.8978

    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
    $11,240
    -
    $2,997
    $32,128
    $35,125

    Comparable in this City

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      30017 State Hwy J J

      STORE, RETAIL OUTLET • 2,392 SF
      30017 State Hwy J J, Atlanta, MO 63530-2403
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      1,160 SF

      Williamson St

      STORE, RETAIL OUTLET • 1,160 SF
      Williamson St, Atlanta, MO 63530
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      1,920 SF

      Atterberry St

      SERVICE STATION (FULL SERVICE) • 1,920 SF
      Atterberry St, Atlanta, MO 63530
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      704 SF

      33006 State Hwy M M

      BAR, TAVERN • 704 SF
      33006 State Hwy M M, Atlanta, MO 63530-4206
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    • Value Estimation by Request
      5,400 SF

      111 Atterberry St

      SERVICE STATION (FULL SERVICE) • 5,400 SF
      111 Atterberry St, Atlanta, MO 63530-1247
      View Details
    View Listing
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    510 Main St
    Atlanta, MO 63530
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    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
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