High-Traffic Commercial Property in
1203 S Garrison Avenue Carthage, MO 64836
For Sale
$240,000
COMMERCIAL - Carthage, MO
Property Size2,000 SF
Lot Size0.17 Acres
Price / SF$120
Days on Market148
Property Features for 1203 S Garrison Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Basement
Partially Finished
Standard status
Active
APN
14-2.0-09-10-019-001.000
Size
2,000 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
799
Building Details
Flooring type
Concrete
Roof type
Rolled Hot Mop
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Rooted, Azariah Fawson · License #2025047375
(910) 546-5139
Added: Mar 2
Changed: May 14
Last Checked: Jul 28 at 5:06AM
MLS# 261105
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.
Investment Insights
Based on property information with market context.
This commercial property is located on S. Garrison Ave in Carthage, MO, a high-traffic area. The property offers road frontage and visibility, making it suitable for retail, automotive, or service-based operations. The building includes a shop area with workspace and dedicated office space. The property size is 2000 square feet, situated on a lot of 0.17 acres.
Key Highlights
- High‑traffic location on S. Garrison Ave with excellent road frontage and visibility.
- Spacious shop area with ample workspace.
- Dedicated office space for business operations.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $14.04 |
| − Vacancy | −$1.1k | −$0.56 |
| EGI | $27.0k | $13.48 |
| − OpEx | −$8.1k | −$4.04 |
| NOI | $18.9k | $9.43 |
2,000 SF · lease $14.04/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$376.5K
$329.4K – $439.2K
NOI $26,352 @ 7.0% cap · market cap 10.98%
Second Best
Retail
$269.6K
$235.9K – $314.5K
NOI $18,870 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$603.4K
$528.0K – $704.0K
NOI $42,240 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Automotive property - Commercial property on high-traffic S. Garrison Ave in Carthage, MO.
Where is this automotive property located?
The property is located at 1203 S Garrison Avenue Carthage, MO.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: High‑traffic location on S. Garrison Ave with **excellent road frontage and visibility**.; Spacious shop area with ample workspace.; Dedicated office space for business operations.
