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

    60 Business Park Dr Dr Troy, MO 63379

    • Medical offices
    • 6,698 SF
    • 1.00 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1237088
    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

    • Medical offices

    Property Details for 60 Business Park Dr Dr

    Year built
    2015
    Lot size
    1.00 lot acres
    Property size
    6,698 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    15-70-36-000-000-001.009
    APU
    157036000000001009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $775,000
      RETAIL STORES
      $565,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Lincoln
    State
    Missouri
    Longitude
    -90.9624
    Latitude
    38.9708
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN 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
    $12,973
    $34,848
    $164,669
    $199,517
    -
    $108,900
    $514,590
    $623,490

    Comparable in this City

    • Value Estimation by Request
      2,442 SF

      21 Prospect Cir

      MEDICAL BUILDING • 2,442 SF
      21 Prospect Cir, Troy, MO 63379-3173
      View Details
    • Value Estimation by Request
      2,624 SF

      16 Snyder Rd

      MEDICAL BUILDING • 2,624 SF
      16 Snyder Rd, Troy, MO 63379-4521
      View Details
    • Value Estimation
      $1,625,000
      13,035 SF

      Professional Pkwy

      MEDICAL BUILDING • 13,035 SF
      Professional Pkwy, Troy, MO 63379
      View Details
    • Value Estimation
      $690,000
      5,102 SF

      900 Cherry St

      MEDICAL BUILDING • 5,102 SF
      900 Cherry St, Troy, MO 63379-1429
      View Details
    • Value Estimation
      $735,000
      5,413 SF

      1011 Cherry St

      MEDICAL BUILDING • 5,413 SF
      1011 Cherry St, Troy, MO 63379-1503
      View Details
    • Value Estimation by Request
      1,875 SF

      43 Ellis Ave

      MEDICAL BUILDING • 1,875 SF
      43 Ellis Ave, Troy, MO 63379-1151
      View Details

    Similar Nearby for Sale

    • $399,900
      2,013 SF

      Remodeled Office Space in Troy

      Updated office space with room for expansion in Troy.
      300 S Lincoln Dr, Troy, MO 63379
      View Details
    • $147,000
      0.98 Acres

      Troy, MO Industrial Land

      Commercial/industrial building sites with exceptional road frontage in Troy, MO.
      Multiple Industrial Lots, Troy, MO 63379
      View Details
    • $750,000
      Pending

      38.3 Acres Near Troy, MO

      38.3 acres of land with minimal restrictions near Troy, MO.
      U Hwy West, Troy, MO 63379
      View Details
    • $3,920,400

      Commercial Land at Highway Intersection

      9-acre commercial site with high visibility and traffic.
      Merlin Dr, Troy, MO 63379
      View Details
    • $775,000

      Prime Commercial Land Opportunity

      1.97 acres near Hwy 61, high traffic area.
      656 S Lincoln Dr, Troy, MO 63379
      View Details
    • $99,900

      Lakefront Vacant Land Opportunity

      Lakefront vacant land for potential residence, retreat, or getaway.
      73 Lake Lawrence Ln, Troy, MO 63379
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Troy Office Building For Lease

      Office building for lease with multiple exam rooms and entrances.
      104 Sarah Ann Blvd, Troy, MO 63379
      View Details
    • $12 SF/Yr
      2,733 SF

      Premier Shopping Destination in Troy

      Prime retail spaces for lease in Troy's growing market.
      5-83 The Plz, Troy, MO 63379
      View Details
    • $12 SF/Yr
      98,023 SF

      The Plaza Retail Center

      Troy, MO: Prime Retail Space Available
      55 The Plz, Troy, MO 63379
      View Details
    • $10 SF/Yr

      Prime Commercial Lot For Rent

      Commercial land available for rent, build to suit opportunity.
      571 S Lincoln Ctr, Troy, MO 63379
      View Details
    • $15 SF/Yr
      6,698 SF

      Newer Retail Space in Troy

      Newer construction retail space available for rent in Troy, MO.
      60 Business Park Dr Dr, Troy, MO 63379
      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.
    60 Business Park Dr Dr
    Troy, MO 63379
    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.