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    812 S Bishop Ave Rolla, MO 65401
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    812 S Bishop Ave, Rolla, MO 65401

    View on Map
    • Hotels
    • 10,370 SF
    • 1.10 lot acres
    For Sale
    $995,000
    View Listing →
    Rustic Motel in High-Traffic Area For Sale
    $995,000
    12,626 SF

    Rustic Motel in High-Traffic Area

    Two-story, 25-room motel on 1.05 acres in Rolla, MO.

    812 S Bishop Avenue, Rolla, MO 65401
    View Listing
    Property ID
    US48-2191913
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rustic Motel, Rolla, Missouri / Hotel & Motel

    Property Details for 812 S Bishop Ave

    Year built
    1969
    Lot size
    1.10 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    71-09-6.0-14-002-003-024.000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rolla
    County
    Phelps
    State
    Missouri
    Longitude
    -91.7788
    Latitude
    37.9329
    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
    $8,158
    $83,610
    $58,830
    $142,440
    -
    $270,800
    $224,480
    $495,280

    Comparable in this City

    • Value Estimation
      $1,360,000
      37,035 SF

      2201 Bishop Ave

      HOTEL/MOTEL
      2201 Bishop Ave, Rolla, MO 65401-8206
      View Details
    • Value Estimation
      $730,000
      39,554 SF

      127 Hj Dr

      HOTEL/MOTEL
      127 Hj Dr, Rolla, MO 65401-2956
      View Details
    • Value Estimation by Request
      4,305 SF

      1417 Martin Spgs Dr

      HOTEL/MOTEL
      1417 Martin Spgs Dr, Rolla, MO 65401-2976
      View Details
    • Value Estimation by Request
      8,700 SF

      1507 Martin Spgs Dr

      HOTEL/MOTEL
      1507 Martin Spgs Dr, Rolla, MO 65401-2940
      View Details
    • Value Estimation by Request
      12,480 SF

      2001 Bishop Ave

      HOTEL/MOTEL
      2001 Bishop Ave, Rolla, MO 65401-7800
      View Details
    • Value Estimation
      $530,000
      13,424 SF

      1201 Kingshighway St

      HOTEL/MOTEL
      1201 Kingshighway St, Rolla, MO 65401-2924
      View Details

    Similar Nearby for Sale

    • $995,000
      12,626 SF

      Rustic Motel in High-Traffic Area

      Two-story, 25-room motel on 1.05 acres in Rolla, MO.
      812 S Bishop Ave, Rolla, MO 65401
      View Details
    • $650,000
      6.54 Acres

      Rolla Land Ready For Development

      6.54 acres near Rolla, MO, for commercial, storage, development.
      6.54 +/- Ac Old St. James Rd, Rolla, MO 65401
      View Details
    • $1,350,000
      1.20 Acres

      Prime Land on Kingshighway

      1.2 acre commercial land with high visibility.
      1014 Kingshighway St, Rolla, MO 65401
      View Details
    • $199,500
      1.64 Acres

      Commercial Land in Growing Community

      1.64 acre commercial lot in Rolla, MO for sale.
      E 10Th St, Rolla, MO 65401
      View Details
    • $249,900
      0.77 Acres

      Commercial Land on High Traffic

      0.77 acre commercial lot with highway frontage in Rolla.
      S Bishop Ave, Rolla, MO 65401
      View Details
    • $100,000
      0.25 Acres

      Commercial Lot in Rolla, MO

      0.25 acre commercial lot with high visibility.
      N Olive St, Rolla, MO 65401
      View Details

    Similar Nearby for Lease

    • $5,900 /Mo
      Pending

      Versatile Commercial Space in Rolla

      Adaptable 21,000 sq ft commercial space near Hwy 72.
      1100 Highway 72 E, Rolla, MO 65401
      View Details
    • $82,442
      57,064 SF

      Kingshighway Commercial Land Lease

      High-traffic Rolla, MO land lease opportunity.
      1020 Kingshighway St, Rolla, MO 65401
      View Details
    • Contact for pricing
      17,000 SF

      Prime Retail Space Near Walmart

      Retail space near Walmart and Missouri S&T campus.
      901-903 Strobach St, Rolla, MO 65401
      View Details
    • Contact for pricing

      Commercial Land on High-Traffic Highway

      Commercially zoned land for lease in high-traffic area.
      626 S Bishop Ave, Rolla, MO 65401
      View Details
    • Contact for pricing
      4,000 SF

      Kingshighway Commercial Property For Lease

      4,000 SF commercial building on 1.2 acre lot.
      1014 Kingshighway St, Rolla, MO 65401
      View Details
    • $99,082
      47,480 SF

      Kingshighway Commercial Land Lease

      High-traffic location, excellent visibility.
      1014 Kingshighway St, Rolla, MO 65401
      View Details

    Property Visit Statistics

    • Visits by month
      556
    • Visitors by month
      1.8k
    • Avg Time on site
      80 min
    View Listing
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    812 S Bishop Ave
    Rolla, MO 65401
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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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    812 S Bishop Ave, Rolla, MO, 65401
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