801 Grand StGallatin, MO 64640

Property Details for 801 Grand St

Year built

1957

Lot size

2.10 AC

Property size (Sq ft)

6,000 SF

Property type

Retail space

APN

15-4.2-19-1-01-15

APU

15421910115

Description

This exceptional value-add opportunity presents a 12,000 square foot warehouse situated on a 2.06-acre lot in Gallatin, Missouri. The property, located at 801 W Grand St, 64640, consists of three buildings, offering significant versatility. Built in 1957, the solid brick structure features a large, climate-controlled front area ideal for retail or office space, complemented by two roll-up garage doors. With 30 parking spaces and 100% occupancy under an Absolute NNN lease, this single-tenant property provides immediate income potential. The expansive lot allows for future expansion, making it an attractive option for owner-users or investors seeking a Class C industrial property. The asking price is $300,000, translating to $25 per square foot. This high-traffic location ensures excellent visibility and accessibility for any business. The property's multiple structures and ample parking further enhance its appeal and functionality. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,653,291

  6.5%

  $1,526,115

  7%

  $1,417,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,178,755

  Geo Method

  $1,178,755

• Alternative Use

  Use

  Valuation

  Residential

  $1,287,335

  Hospitality

  $1,179,192

  Educational

  $981,074

  Medical

  $1,014,814

  Retail

  $1,526,115

Location Insight

City

Gallatin

County

Daviess

State

Missouri

Latitude

39.9151

Longitude

-93.9697

Property Tax & Assessments

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