Highway 65 Commercial
1223 S Ash Street, Buffalo, MO 65622
- Added:
- Mar 7, 2026
- Days on Market:
- 71
- Last Refresh:
- May 17 at 9:06 am
Property Features for 1223 S Ash Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 9-8-34-1.170
- Size
- 3,360 SF
- Lot size
- 1.40 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2429
Building Details
- Year built
- 2000
Listing agent Patricia A Maddux (417) 830-8027
Listing office Century 21 Maddux Realty, Inc MO (417) 345-2274
Listing date Mar 7, 2026
MLS# 60317379
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location on Highway 65 (Ash Street) with high visibility and a large advertising sign.
- 1.4‑acre lot offering potential for additional building expansion.
- Versatile building with office spaces and removable walls for flexible layout options.
- Includes living quarters with living room, dining area, kitchen, 1 bedroom, and 1.5 bathrooms.
- Shop area features a 14x14 door for easy access and functionality.
- Fully fenced property with a gate for security and privacy.
Overview
This retail and commercial property is located in Buffalo, MO, on Highway 65 (Ash Street). The 1.4-acre lot includes a large sign on Highway 65 for advertising. The building features living quarters with a living room, dining area, and kitchen, along with one bedroom and one and a half bathrooms. An additional room is plumbed for a bath, and there are potentially two living areas. Several office spaces have removable walls, allowing for the creation of a large open area. The shop includes a 14x14 door for access. The entire building is heated and cooled, with the exception of one 20x12 room that could be easily cooled. The upstairs storage area measures 1350 square feet. The total building size is 56x60, with an additional 20x12 room. The property is completely fenced with a gate. A road easement is included on the deed. The location offers the potential for additional building.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$277.8K
NOI $25,005 @ 9.00% cap · cautious / downside scenario
Moderate
$357.2K
NOI $25,005 @ 7.00% cap · market / base-case scenario
Aggressive
$500.1K
NOI $25,005 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.1k | $11.04 |
| − Vacancy | −$1.4k | −$0.41 |
| EGI | $35.7k | $10.63 |
| − OpEx | −$10.7k | −$3.19 |
| NOI | $25.0k | $7.44 |
3,360 SF · lease $11.04/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$357.2K
$312.6K – $416.8K
NOI $25,005 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.1K
$443.7K – $591.7K
NOI $35,499 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Montgomery Sheet Metal ...
HVAC Service
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Dallas
- State
- Missouri
- Longitude
- -93.106115
- Latitude
- 37.632199
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Prime Buffalo location with retail, office, and living space.
Where is this retail space located?
The property is located at 1223 S Ash Street Buffalo, MO.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Prime location on Highway 65 (Ash Street) with high visibility and a large advertising sign.; 1.4‑acre lot offering potential for additional building expansion.; Versatile building with office spaces and removable walls for flexible layout options.
