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    127 S Main Street Nevada, MO 64772

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    For Lease
    $900 /Mo

    COMMERCIAL - Nevada, MO

    Type:Office
    Lot size:
    0.17 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    48
    Last Refresh:
    May 5 at 6:06 am

    Property Features for 127 S Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    On Street, Parking Lot
    Interior features
    Storage, Private Restroom, Public Restroom
    Exterior features
    Pole Sign
    Standard status
    Active
    APN
    18-2.0-04-304-000-104.000
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    BLK 3 LT 8 S 95' ------ ORIGINAL TOWN ------ NEVADA -----
    Tax Annual Amount
    437

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1900
    Floors in Building
    1
    Additional Structures
    Storage

    We can help!

    Listing Contact
    J.J. CURTIS

    Listing agent J.J. CURTIS License #2001014771

    Listing office CURTIS & SONS REALTY 121 SOUTH MAIN, Nevada, MO

    Listing date Mar 19, 2026

    MLS# 2607781

    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

    Modern Office Suite For Lease

    This modern professional office suite is available for lease at $900.00 per month. The updated space features clean finishes and a thoughtful layout, offering four private offices and a formal conference room. A large, bright waiting area welcomes clients, and includes a dedicated front desk reception counter. The back-of-house includes a functional copy room and ample storage closets. The suite is equipped with two restrooms: one ADA-accessible half-bath for guests and a private, employee-only bathroom conveniently situated within the copy room area. This turnkey professional environment is offered on a straightforward 12-month lease. The property is located in Nevada, MO 64772, Vernon County. The lot size is 0.17 acres. Tenant will receive one free advertising slide on the building's electronic billboard included with the lease. It is a polished and move-in-ready solution for legal, medical, or administrative professionals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dript Spa & Massage Center Orthopedic Specialty Services Physician NRMC Orthopedic Spec ... Medical Clinic Compton Scott DO Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Nevada
    County
    Vernon
    State
    Missouri
    Longitude
    -94.357772
    Latitude
    37.837373

    Nearby Similar for Lease

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      Retail space available as a Walmart outparcel.
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      Industrial Warehouse For Lease

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    FAQs

    What type of property is this?
    Office units - Move-in ready office suite with conference room and reception area.
    Where is this office units located?
    The property is located at 127 S Main Street Nevada, MO.
    What is the lease rate?
    The lease rate is $900 /Mo.
    What are key features of this property?
    This property features: Move‑in ready, updated office suite with clean finishes.; Includes four private offices and a formal conference room.; Features a large waiting area with a dedicated reception counter.
    (417) 667-7868
    We can help!
    Listing Contact
    J.J. CURTIS
    Real Estate License ID: 2001014771
    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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