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    Property profile & analytics

    681 Lincoln Dr Troy, MO 63379-2835

    • Flex space
    • 7,814 SF
    • 2.10 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1262268
    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

    • Flex space

    Property Details for 681 Lincoln Dr

    Year built
    1991
    Construction
    FRAME
    Lot size
    2.10 lot acres
    Property size
    7,814 SF
    Property type
    Flex space
    APN
    15-70-36-000-000-015.001
    APU
    157036000000015001

    Description

    This exceptional commercial property, situated on a generous 2.05-acre lot in Troy, Missouri, presents a remarkable opportunity for business owners and investors alike. The property boasts a substantial 7800 square foot building, currently housing two separate businesses, offering immediate income potential or the flexibility to adapt to your specific needs. Its strategic location just off Highway 61 and the South Lincoln roundabout ensures high visibility and convenient access for customers and employees. Ample parking is available, accommodating both current tenants and future expansion. The property's zoning as Light Industrial District opens up a wide range of possibilities. The existing building features a convenient drive-in door at the rear, enhancing operational efficiency. A security system is in place for added peace of mind. City water and sewer services are connected, with a second sewer hookup already installed for the rear 1+ acre parcel, providing significant potential for future development. This additional acreage offers the possibility of constructing a second building, expanding existing operations, or even developing multi-family units, subject to local regulations and approvals. The sale includes the building and land only. This is an exceptional opportunity to acquire a well-located, versatile commercial property with significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $530,000
      6.5%
      $485,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $486,000
      Market price range: $158k - $704k

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Lincoln
    State
    Missouri
    Longitude
    -90.9571
    Latitude
    38.964
    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
    $5,361
    $50,006
    $32,445
    $82,451
    -
    $156,270
    $101,390
    $257,660

    Comparable in this City

    • Value Estimation
      $310,000
      4,000 SF

      735 Mennemeyer Rd

      LIGHT INDUSTRIAL • 4,000 SF
      735 Mennemeyer Rd, Troy, MO 63379-3936
      View Details
    • Value Estimation
      $300,000
      2,160 SF

      34 Sydnorville Rd

      LIGHT INDUSTRIAL • 2,160 SF
      34 Sydnorville Rd, Troy, MO 63379-3120
      View Details
    • Value Estimation
      $275,000
      6,510 SF

      219 Hwy H H

      LIGHT INDUSTRIAL • 6,510 SF
      219 Hwy H H, Troy, MO 63379-4543
      View Details
    • Value Estimation
      $345,000
      6,000 SF

      77 Fairgrounds Rd

      LIGHT INDUSTRIAL • 6,000 SF
      77 Fairgrounds Rd, Troy, MO 63379-3149
      View Details
    • Value Estimation
      $275,000
      3,500 SF

      2150 Myers Rd

      LIGHT INDUSTRIAL • 3,500 SF
      2150 Myers Rd, Troy, MO 63379-3622
      View Details
    • Value Estimation
      $285,000
      4,260 SF

      461 Rdg Rd

      LIGHT INDUSTRIAL • 4,260 SF
      461 Rdg Rd, Troy, MO 63379-5442
      View Details

    Similar Nearby for Sale

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    • $522,270
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      Prime Commercial Land in Troy

      High-visibility commercial land in Troy's thriving district, ideal for development.
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    • New
      $69,500
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      Vacant Lot in Troy, MO

      0.52 acre commercial lot suitable for business purposes.
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    Similar Nearby for Lease

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      Troy, MO: Prime Retail Space Available
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    • $3,000 /Mo

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      Office building for lease with multiple exam rooms and entrances.
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    • $15 SF/Yr
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      Newer Retail Space in Troy

      Newer construction retail space available for rent in Troy, MO.
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      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
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    681 Lincoln Dr
    Troy, MO 63379-2835
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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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