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    106 NW Locust Street Oak Grove, MO 64075

    View on Map
    For Sale
    $650,000

    COMMERCIAL - Oak Grove, MO

    Lot size:
    0.89 Acres
    Added:
    Jul 8, 2025
    Days on Market:
    268
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 106 NW Locust Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    M1
    Parking features
    Garage, Parking Lot
    Interior features
    Storage, Private Restroom
    Exterior features
    Building Sign, Delivery Door(s), Storage
    Standard status
    Active
    APN
    38-800-01-42-00-0-00-000
    Lot size
    0.89 Acres

    Taxes and HOA fees

    TaxDescription
    SPEAR ADDITION NORTH LOT 7
    TaxAnnualAmount
    5927

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1988
    Floors in Building
    1
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jessica Perciful

    Listing agent Jessica Perciful License #2018038006

    Listing office RE/MAX Premier Properties 17000 E 40 Highway Ste 1, Independence, MO

    Listing date Jul 8, 2025

    MLS# 2562033

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oak Grove Tow Yard For Sale

    This 0.89-acre, fully fenced tow lot is located off a major highway, I-70. It features metal perimeter fencing with gated access. The property includes a remodeled metal office building with epoxy floors, stained shiplap accents, soffit LED lighting, a granite-top restroom, and new doors and hardware. An attached service garage offers a 12 ft clear height, twin 12 * 12 overhead doors (front & back) with transmitters, abundant storage, and closed-cell foam insulation. The property is equipped with a 200-amp 1-phase-ready electrical panel. New concrete customer parking and a driveway provide direct ingress/egress to a major highway interchange. The property is zoned for light industrial and automotive uses. Potential uses include towing, impound, fleet maintenance, contractor yard, and equipment rental. This high-visibility property is ideal for towing, fleet services, or light industrial users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Towing Less Auto Repair Shop Intoxalock Ignition Interlock Building Supply Caster's Tow & Transport Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Grove
    County
    Jackson
    State
    Missouri
    Longitude
    -94.1333892
    Latitude
    39.0182061

    Nearby Similar for Sale

    • $385,000

      Nearly New Oak Grove Duplex

      2022 duplex with great finishes, ready for primary or rental.
      200 SE 8th Street, Oak Grove, MO 64075
      View Details
    • $3,000,000

      Multifamily Property in Oak Grove, MO

      16-unit multifamily property with income potential in Oak Grove, MO.
      2201 SW Clinton Street, Oak Grove, MO 64075
      View Details

    FAQs

    What type of property is this?
    Specialty property - Turn-key tow yard and operations hub near major highway I-70.
    Where is this specialty property located?
    The property is located at 106 NW Locust Street Oak Grove, MO.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: High‑visibility location off major highway I‑70 with direct ingress/egress.; Turn‑key operations hub ideal for towing, fleet services, or light industrial use.; Fully secured 0.89‑acre fenced tow lot with gated access.
    (816) 806-0708
    We can help!
    Listing Contact
    Jessica Perciful
    Real Estate License ID: 2018038006
    Learn More
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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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