Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 E Main St Neosho, MO 64850

    View on Map
    Sponsored
    For Sale
    $349,900

    COMMERCIAL - Neosho, MO

    Property size:
    4,120 SF
    Lot size:
    0.08 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 27 at 3:06 pm

    Property Features for 109 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Fencing
    Privacy
    Size
    4,120 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Flooring type
    Carpet, Ceramic, Laminate

    We can help!

    Listing Contact
    West-Cobb Alliance
    West-Cobb Alliance

    ReeceNichols - Neosho

    Listing agent West-Cobb Alliance License #1999108232

    Listing date Mar 26, 2026

    MLS# 261589

    Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Neosho Square Mixed-Use Property

    Located on the Neosho Square, this 4,120 sq ft mixed-use property offers an opportunity to own a piece of historic downtown. The square is known for its local shops, dining, community events, and steady foot traffic, serving as a year-round destination for both residents and visitors. The 2,020 sq ft main-level storefront is currently operating as a local taproom, featuring high ceilings and rich hardwood floors. The space offers immediate revenue potential or a turnkey opportunity for another concept. Upstairs, there is a 2-bedroom, 1-bath apartment and an additional studio unit currently operating as an Airbnb, providing short-term rental income alongside long-term leasing options. The property is located in Neosho, Missouri, and the lot size is 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Indian Springs Brewing ... Production Facility Civic Center Theater & Performing Art Venue Neosho Municipal Auditorium Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Neosho
    County
    Newton
    State
    Missouri
    Longitude
    -94.368258
    Latitude
    36.868443

    Nearby Similar for Sale

    • New
      $185,000
      2,500 SF

      Versatile Commercial Live/Work Property

      Live/work property with insulated shop near Neosho and I-49.
      9741 Gateway Dr, Neosho, MO 64850
      View Details
    • $1,095,000
      4,814 SF

      High-Visibility Commercial Building with Drive-Thru

      Commercial building with drive-thru on 1.17 acres in Neosho.
      925 S Neosho Blvd, Neosho, MO 64850
      View Details
    • $899,999
      3,100 SF

      Turnkey Mechanic Shop For Sale

      Profitable diesel mechanic shop with high visibility near I-49.
      11628 Iris Rd, Neosho, MO 64850
      View Details
    • $1,095,000
      4,814 SF

      Restaurant/Retail Space in Neosho, MO

      Versatile commercial building with high visibility and development potential.
      925 S Neosho Blvd, Neosho, MO 64850
      View Details
    • $825,000
      3,828 SF

      Neosho Commercial Building For Sale

      Former Pizza Hut suitable for restaurant, retail, or office conversion.
      648 S Neosho Blvd, Neosho, MO 64850
      View Details
    • $280,000
      3,360 SF

      Highway Accessible Commercial Building

      3,360 sq ft commercial building near I-49 and highways.
      12619 Nettle Dr, Neosho, MO 64850
      View Details
    • $349,999
      2,400 SF

      Versatile Shop on Unrestricted Acres

      40x60 shop on 10+/- acres with no restrictions.
      13504 Jay Dr, Neosho, MO 64850
      View Details
    • $389,000
      Pending

      Neosho Commercial Building For Sale

      Commercial building with multiple office spaces, reception area, and breakroom.
      4301 Doniphan Dr, Neosho, MO 64850
      View Details
    • $269,500
      1,950 SF

      Established Floral & Gift Shop

      Profitable floral and gift shop in Neosho, Missouri for sale.
      115 N College St, Neosho, MO 64850
      View Details
    • $150,000
      560 SF

      Updated Commercial Building on Business 49

      Move-in ready commercial building suitable for retail or office use.
      1577 N Business 49, Neosho, MO 64850
      View Details
    • $495,000
      50.00 Acres

      50 Acres Waterfront Land, Neosho

      50 acres of waterfront land with nursery setup in Neosho.
      18284 Gazelle Dr, Neosho, MO 64850
      View Details
    • $575,000
      1.00 Acre

      Former Gas Station on Corner

      Corner lot with signage and great visibility in Neosho, MO.
      N Business 49 & Reid Rd, Neosho, MO 64850
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 4,120 sq ft mixed-use property on Neosho Square.
    Where is this mixed-use property located?
    The property is located at 109 E Main St Neosho, MO.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Prime location on the historic Neosho Square, a year-round destination with high foot traffic.; - Mixed-use property with established taproom storefront (2,020 sq ft) offering immediate revenue potential.; - Upstairs includes a 2-bedroom apartment and a studio unit currently operating as a successful Airbnb for consistent income.
    (417) 231-3229
    Request Owner's contact information
    109 E Main St Neosho, MO 64850
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    109 E Main St
    Neosho, MO 64850
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    109 E Main St Neosho, MO 64850
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    West-Cobb Alliance
    West-Cobb Alliance
    Real Estate License ID: 1999108232
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!