8144 Old State Rte 21, Hillsboro, MO 63050-1704
This exceptional commercial property, located at 8144 Old State Route 21 in Hillsboro, Missouri, presents a unique investment opportunity. Spanning two acres of land, the property boasts a substantial building featuring two large shop/garage areas, each easily accessible via three automatic garage doors. The building also includes two separate offices, each with its own private entrance, providing flexibility for various business needs. Upstairs, a finished bonus area offers ample space for additional workspace, storage, or expansion. Three bathrooms are conveniently located throughout the building. Further enhancing the property's appeal are an existing alarm system, a newer refrigerator included in the sale, and extensive parking and outdoor space. The property benefits from excellent road frontage along Old Route 21, ensuring high visibility and accessibility. The expansive lot offers stunning views, adding to the property's overall desirability. Priced at $415,000, this property is brimming with potential for a wide range of commercial uses. Don't miss this chance to acquire a versatile and well-appointed commercial space in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CC-2 · Hillsboro, MOHillsboro. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.