650 Walton Dr Farmington, MO 63640
- Retail space
- 14,960 SF
- 1.40 lot acres
Current Use by Public Records
- Retail space
Property Details for 650 Walton Dr
- Year built
- 1998
- Lot size
- 1.40 lot acres
- Property size
- 14,960 SF
- Property type
- Retail space
- APN
- 09-70-36-02-002-0001.16
- APU
- 9703602002000116
Description
This exceptional commercial property, located at 650 Walton Drive in Farmington, Missouri, presents a significant opportunity for retail entrepreneurs. Boasting nearly 15,000 square feet of space, the building is ideally situated for high visibility and accessibility. The property has undergone recent renovations, resulting in two distinct retail spaces, each equipped with its own bathrooms. A convenient break room is included for staff, along with a sizable stockroom in the rear, complete with a loading dock and overhead door for efficient inventory management. Ample parking is available both in front and behind the building, ensuring convenient access for customers and employees. The 1.4-acre lot provides significant space and potential for future expansion or outdoor amenities. This turnkey property is ready for immediate occupancy and offers a blank canvas for a variety of retail concepts. The strategic location and substantial square footage make this an exceptional investment opportunity in a thriving Farmington market. The existing layout is adaptable to suit a wide range of business needs, offering a flexible and functional space for immediate use. The property's recent rehabilitation ensures a move-in ready condition, minimizing upfront investment and maximizing return. This is a rare opportunity to acquire a well-maintained, high-traffic retail space in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $740,000
- 6.5%
- $685,000
- 7%
- $670,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $705,000
- Geo Method
- $620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $565,000
- Retail
- $755,000
- Mixed-Use
- $690,000
- Hospitality
- $605,000
- Educational
- $575,000
- Residential Income
- $710,000
- Energy
- $665,000
- Income-Based Land
- $645,000
- Food Service
- $740,000
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- St. Francois
- State
- Missouri
- Longitude
- -90.4342
- Latitude
- 37.7878
- CBSA code
- 22100
- CBSA name
- FARMINGTON, MO MICROPOLITAN STATISTICAL AREA