Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    550 Blues Lk Pkwy Rolla, MO 65401-8587

    • Warehouses
    • 22,500 SF
    • 2.80 lot acres
    OFF-MARKET
    Value Estimations
    $2,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2452271
    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

    • Columbia College - Rolla / Private College

    Property Details for 550 Blues Lk Pkwy

    Year built
    1999
    Lot size
    2.80 lot acres
    Property size
    22,500 SF
    Property type
    Warehouses
    APN
    71-09-2.0-10-003-004-002.000
    APU
    9223372036854775807

    Description

    This exceptional freestanding commercial property, located at 550 Blues Lake Pkwy in Rolla, Missouri, offers 36,630 square feet of versatile space spread across two stories. Previously utilized as an educational facility by Columbia College, this well-constructed building is adaptable to a wide range of uses and occupancies. Situated on a 2.78-acre lot, the property boasts abundant on-site parking, a significant advantage in this thriving area. The building features numerous classrooms, offices, and a large assembly/auditorium space, providing ample flexibility for potential buyers. Conveniently located just off Highway 44, this property enjoys exceptional accessibility and proximity to the Missouri Science & Technology campus. Furthermore, its location within the medical district places it near key healthcare facilities such as Mercy Hospital and Phelps County Health Center, as well as prominent retail anchors like Menards and Academy Sports. The second floor is easily accessible via an elevator and multiple staircases. The asking price for this remarkable opportunity is $1,950,000. This property presents a unique investment prospect in a rapidly developing area of Rolla, Missouri, zip code 65401.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,197,000
      Market price range: $1.02M - $3.96M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,195,000
      Current use
      RESTAURANT
      $2,405,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $1,960,000
      Change: -11% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rolla
    County
    Phelps
    State
    Missouri
    Longitude
    -91.8017
    Latitude
    37.9377
    CBSA code
    40620
    CBSA name
    ROLLA, 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
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,353 SF

      Rolla, MO 65401

      WAREHOUSE, STORAGE • 1,353 SF
      Rolla, MO 65401
      View Details
    • Value Estimation by Request
      672 SF

      1605 Martin Spgs Dr

      WAREHOUSE, STORAGE • 672 SF
      1605 Martin Spgs Dr, Rolla, MO 65401-2982
      View Details
    • Value Estimation by Request
      3,200 SF

      801 18th St

      WAREHOUSE, STORAGE • 3,200 SF
      801 18th St, Rolla, MO 65401-2446
      View Details
    • Value Estimation by Request
      917 SF

      802 2nd St

      WAREHOUSE, STORAGE • 917 SF
      802 2nd St, Rolla, MO 65401
      View Details
    • Value Estimation by Request
      576 SF

      10810 County Rd 2060

      WAREHOUSE, STORAGE • 576 SF
      10810 County Rd 2060, Rolla, MO 65401-7923
      View Details
    • Value Estimation by Request
      864 SF

      13350 County Rd 4060

      WAREHOUSE, STORAGE • 864 SF
      13350 County Rd 4060, Rolla, MO 65401-6107
      View Details

    Similar Nearby for Sale

    • New
      $349,999
      4,664 SF

      Versatile Warehouse and Office Space

      4,662 sq ft building on 1.5 acres with flexible layout.
      12445 State Route Cc, Rolla, MO 65401
      View Details
    • $499,000
      6,820 SF

      Industrial Facility in Hy Point Park

      6,120 sq ft industrial facility in Rolla, Missouri for sale.
      3702 Hy Pt Blvd, Rolla, MO 65401
      View Details
    • $1,900,000
      1.72 Acres

      Rolla Industrial Property - $1.9M

      Prime Rolla location, high-traffic area. Two buildings, redevelopment potential.
      2500 Bishop Ave, Rolla, MO 65401
      View Details
    • $549,000

      Rolla, MO Commercial Outlot

      Prime 1+ acre lot near QT
      4000 Enterprise Dr, Rolla, MO 65401
      View Details
    • $799,900
      0.88 Acres

      Turnkey Restaurant - Rolla, MO

      Established Mexican Restaurant, High Traffic Location
      121 Howard Johnson Dr, Rolla, MO 65401
      View Details
    • $150,000
      1.64 Acres

      Rolla MO Commercial Land Investment

      1.64 Acres, C-1 Zoning, High Traffic Location
      0 10Th St, Rolla, MO 65401
      View Details

    Similar Nearby for Lease

    • $12,500 /Mo
      51,924 SF

      Commercial Land For Lease

      Prime commercial land for lease in high-traffic Rolla location.
      626 Bishop Ave S, Rolla, MO 65401
      View Details
    • $7 SF/Yr
      14,574 SF

      Redeveloped Retail Space in Rolla

      Redeveloped retail space with open floor plan and dock.
      1001-1007 S Bishop Ave, Rolla, MO 65401
      View Details
    • Contact for pricing
      1,032 SF

      Retail Space in Prime Location

      Retail space near Missouri S&T and high-traffic area.
      201 S Bishop Ave, Rolla, MO 65401
      View Details
    • $7,500 /Mo
      26,572 SF

      High-Traffic Commercial Land in Rolla

      0.61 acre commercial land in high-traffic area for lease.
      704 N Bishop Ave, Rolla, MO 65401
      View Details
    • Contact for pricing
      24,049 SF

      Former Staples Retail Space Available

      24,049 SF retail space centrally located near Walmart.
      615 S Bishop Ave, Rolla, MO 65401
      View Details
    • $7 SF/Yr
      409,863 SF

      1003 Bishop Ave

      Retail properties • 409,863 SF
      1003 Bishop Ave, Rolla, MO 65401
      View Details
    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.
    550 Blues Lk Pkwy
    Rolla, MO 65401-8587
    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.