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

    645 Missouri Ave Sullivan, MO 63080-1537

    • Bowling alleys
    • 13,120 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0834896
    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

    • Bowling alleys

    Property Details for 645 Missouri Ave

    Year built
    1960
    Lot size
    0.60 lot acres
    Property size
    13,120 SF
    Property type
    Bowling alleys
    APN
    35-3-08.0-4-099-147.000
    APU
    3530804099147000

    Description

    This exceptional investment opportunity presents a well-established and thriving 12-lane bowling center located at 645 Missouri Avenue in Sullivan, Missouri. Boasting a rich history of over 60 years serving the community, this business includes a fully operational arcade, a popular bar, and a successful restaurant known for its homemade pizza, wings, and burgers. The property sits on a 0.59-acre lot, offering convenient access to Interstate 44, ensuring high visibility and easy accessibility for customers. Significant renovations completed since 2019 have modernized the facility, including the installation of synthetic bowling lanes, automatic scoring systems, updated pinsetters, and an expanded kitchen. Furthermore, the renovations encompassed the creation of a dedicated arcade area and the addition of extra diner seating to accommodate the high volume of food and beverage sales. A strong and consistent league base provides a reliable revenue stream from August through May. The current owners are retiring and are willing to provide assistance post-sale to ensure a seamless transition for the new owner. This turnkey operation presents a rare chance to acquire a profitable and well-regarded business in a prime location. The asking price for this exceptional property is $650,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sullivan
    County
    Franklin
    State
    Missouri
    Longitude
    -91.1702
    Latitude
    38.2123
    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
    $9,323
    $0.00
    $0.00
    $148,931
    -
    $183,140
    $282,270
    $465,410

    Comparable in this City

    • Value Estimation by Request
      15,600 SF

      Industrial Dr

      THEATER (MOVIE) • 15,600 SF
      Industrial Dr, Sullivan, MO 63080
      View Details
    • Value Estimation
      $235,000
      3.61 Acres

      Sullivan, MO 63080

      COMMERCIAL (GENERAL) • 3.61 Acres
      Sullivan, MO 63080
      View Details
    • Value Estimation
      $235,000
      120.00 Acres

      Sullivan, MO 63080

      COMMERCIAL (GENERAL) • 120.00 Acres
      Sullivan, MO 63080
      View Details
    • Value Estimation
      $235,000
      64.00 Acres

      Sullivan, MO 63080

      COMMERCIAL (GENERAL) • 64.00 Acres
      Sullivan, MO 63080
      View Details
    • Value Estimation
      $235,000
      40.00 Acres

      Sullivan, MO 63080

      COMMERCIAL (GENERAL) • 40.00 Acres
      Sullivan, MO 63080
      View Details
    • Value Estimation
      $235,000
      305.68 Acres

      Sullivan, MO 63080

      COMMERCIAL (GENERAL) • 305.68 Acres
      Sullivan, MO 63080
      View Details

    Similar Nearby for Sale

    • $485,000
      5.80 Acres

      Sullivan, MO Commercial Land Investment

      Prime 5.8-acre commercial lot near Walmart.
      464/502 Springfield Rd, Sullivan, MO 63080
      View Details
    • $95,000
      1.47 Acres

      Sullivan Commercial Land - $95K

      1.47-acre commercial lot, prime location.
      0 Progress Dr, Sullivan, MO 63080
      View Details
    • $420,000
      1.51 Acres

      Sullivan Commercial Land - $420K

      Prime 1.51-acre commercial lot in Sullivan, MO.
      429-431 Springfield Rd, Sullivan, MO 63080
      View Details
    • $269,500
      77.00 Acres

      Secluded Hunting Land with Creek

      77+/- acres of wooded hunting land with creek access.
      Flaming Leaf Dr, Sullivan, MO 63080
      View Details
    • $118,500
      30.73 Acres

      Land Near Lake Baja

      30.73+/- acre property near Lake Baja with hunting rights.
      10223 San Juan Trl, Sullivan, MO 63080
      View Details
    • $1,000,000
      1.00 Acre

      Boise Warehouse: 5,760 SF

      New Freestanding Warehouse, Ideal Location
      375 State Highway 185, Sullivan, MO 63080
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      120,000 SF

      777 Independence Dr W: Premier Space

      Large Office/Warehouse, I-44 Access, 120,000 SF
      777 Independence Dr, Miramiguoa Park, MO 63080
      View Details
    • $9 SF/Yr
      4,000 SF

      Retail Space in Sullivan, MO

      Retail space for rent with ample parking and loading area.
      6-20 E Springfield Rd, Sullivan, MO 63080
      View Details
    • $6 SF/Yr
      120,000 SF

      Warehouse Near I-44 Available

      120,000 SF warehouse with multiple docks near I-44.
      777 Independence Dr West, Sullivan, MO 63080
      View Details
    • Contact for pricing
      6,950 SF

      Retail Space Available For Rent

      Retail space available, totaling 6,950 square feet.
      300-304 Park Ridge Rd, Sullivan, MO 63080
      View Details
    • Contact for pricing
      6,950 SF

      Retail Space in Sullivan, Missouri

      Retail property available for lease in Sullivan, Missouri.
      306-316 Park Ridge Rd, Sullivan, MO 63080
      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.
    645 Missouri Ave
    Sullivan, MO 63080-1537
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.