Sign Up Successful!
You now have access to more from Realmo!
    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

    12229 Hammer Rd Neosho, MO 64850

    Sponsored
    For Sale
    $650,000

    Unimproved Land - Neosho, MO

    Type:Unimproved Land
    Lot size:
    10.00 Acres
    Days on Market:
    107
    Last Refresh:
    Jan 30 at 9:06 pm

    Property Features for 12229 Hammer Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    Lot size
    10.00 Acres

    Utilities

    Cooling system
    Central Air, Electric

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bart Phipps

    United Country VIP Realty (417) 532-2031

    Listing agent Bart Phipps (417) 532-2031 License #2022048949

    Listing date Oct 16, 2025

    MLS# 24053235 Listing URL

    Copyright © 2026 MARIS. 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

    Commercial Land with I-49 Visibility

    This property features 10+/- level acres with commercial potential and visibility from I-49, situated just under a 1/4 mile from the interstate. The location benefits from an estimated daily traffic count of 21,000 to 24,000 vehicles on I-49 and at the exit just south of the property. Located 0.72 miles from a Love's Travel Stop and other industries 1/4 mile to the north, the site is suitable for various businesses, including a truck/trailer repair facility, tire shop, or welding shop. An RV park borders the property to the north, presenting a potential income opportunity. Three-phase electric power is potentially available. The property includes a working 500-foot deep well. There are no zoning laws in effect. The property is sold "as is." The location is in an industrial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Kitchen & Bath Electrical Service Convenience Store Car Rental Pawn Shop Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Neosho
    County
    Newton
    State
    Missouri
    Longitude
    -94.42442
    Latitude
    36.89096

    Nearby Similar for Sale

    • $440,000
      4,635 SF

      Remodeled Triplex and Manufactured Home

      Two income properties: remodeled triplex and 3bd/2bth manufactured home.
      13174 Owens Ln, Neosho, MO 64850
      View Details
    • $229,900
      4,072 SF

      Historic Two-Story Home, Neosho, MO

      Charming historic home with spacious living and a 3-car garage.
      340 W Brook St, 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
    • $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
    • $489,471
      58.00 Acres

      Prime Agricultural Land in Neosho

      58 acres near I-49, ideal for farming or development.
      Gazelle Dr, Neosho, MO 64850
      View Details
    • $135,000
      5,489 SF

      Spacious Corner Lot Building

      Large building with development potential near downtown Neosho, Missouri.
      500 S Washington St, 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
    • $269,900
      2,288 SF

      Remodeled Multi-Family Investment Property

      Turnkey multi-family property with updated units and income potential.
      106 West South St, Neosho, MO 64850
      View Details
    • $269,900
      2,288 SF

      Remodeled Multi-Family Investment Opportunity

      Turnkey multi-family property with two updated units and garage.
      106 W South St, Neosho, MO 64850
      View Details
    • $249,900
      3,350 SF

      Versatile Commercial Building on Highway Frontage

      3350 sq ft building on 2.85 acres with highway frontage.
      8637 Oxbow Ln, Neosho, MO 64850
      View Details
    • New
      $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
    • New
      $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

    FAQs

    What type of property is this?
    Commercial land - 10+/- acre commercial land with high I-49 visibility.
    Where is this commercial land located?
    The property is located at 12229 Hammer Rd Neosho, 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 from I-49 with significant daily traffic count (21k-24k vehicles).; - Commercial potential due to location and lack of zoning laws.; - Proximity to Loves Travel Stop and other industries.
    (417) 955-3554
    Request Owner's contact information
    12229 Hammer Rd 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.
    12229 Hammer Rd
    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
    12229 Hammer Rd 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
    Bart Phipps
    Real Estate License ID: 2022048949
    (417) 955-3554
    Learn more
    Google sign-in failed. Please try again or use another login method.