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    Industrial Land with Warehouse Building Title is generated by Realmo AI

    1373 W FAIRVIEW Avenue, Carthage, MO 64836

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    For Sale
    $350,000

    COMMERCIAL - Carthage, MO

    Property size:
    3,024 SF
    Lot size:
    2.25 Acres
    Price / SF:
    $115/SF
    Added:
    Sep 25, 2025
    Days on Market:
    254
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 1373 W FAIRVIEW Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    14300840005030000
    Lot size
    2.25 Acres

    Taxes and HOA fees

    Tax Annual Amount
    398

    We can help!

    Listing Contact
    Jim Alyssa Hunter Team
    Jim Alyssa Hunter Team

    Listing agent Jim Alyssa Hunter Team License #2010009040

    Listing office PRO 100 Inc., REALTORS 1027 S Main Street Suite 300, Joplin, MO

    Listing date Sep 25, 2025

    MLS# 255341 Listing URL

    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.

    HighLights

    • Prime location on entrance ramp of West Fairview Ave and I‑49.
    • High traffic location suitable for commercial development.
    • 2.25 acre tract.
    • Includes a 3024 square foot Morton building.
    • Surrounded by industrial manufacturing and distribution businesses.
    • Services a large residential area and access to retail/restaurant areas.

    Overview

    This sale offers an approximately 2.25-acre commercial tract improved with a Morton building totaling 3,024 square feet. The existing warehouse structure provides an immediate enclosed option for storage or light commercial use while the land supports future site development decisions.

    The property is situated on the entrance ramp of West Fairview Avenue and I-49 in Carthage, Missouri, placing it along a high-traffic corridor. The immediate surrounding area is described as industrial manufacturing and distribution, with the roadway also serving a large residential area and functioning as a main artery into Carthage retail and restaurant areas.

    Given the combination of usable building area and development land, this property may fit a range of retail or commercial concepts that can benefit from direct visibility and access to a major roadway. Interested parties should review the specific intended use for compatibility with local requirements, as the property is marketed with multiple potential uses for retail or commercial development.

    Local 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 $42.5k $14.04
    − Vacancy −$1.7k −$0.56
    EGI $40.8k $13.48
    − OpEx −$12.2k −$4.04
    NOI $28.5k $9.43
    3,024 SF · lease $14.04/SF/yr · vacancy 4.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $407.6K
    $356.6K – $475.5K (±1% cap)
    NOI $28,531 @ 7.0% cap · market cap 8.15%
    Second Best
    Warehouse
    $212.6K
    $186.0K – $248.1K (±1% cap)
    NOI $14,883 @ 7.0% cap · market cap 4.25%
    Theoretical Best
    Office A
    $912.4K
    $798.3K – $1.06M (±1% cap)
    NOI $63,867 @ 7.0% cap · market cap 18.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Gym & Fitness Center Big Box & Wholesale Store Daycare Center Grocery & Convenience Store Nursing Home Clothing & Fashion Store Nursing Home Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Carthage
    County
    Jasper
    State
    Missouri
    Longitude
    -94.329971
    Latitude
    37.155268

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    FAQs

    What type of property is this?
    Commercial land - Industrial development site with a Morton warehouse building, positioned on an interstate-access entrance ramp.
    Where is this commercial land located?
    The property is located at 1373 W FAIRVIEW Avenue Carthage, MO.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime location on entrance ramp of West Fairview Ave and I‑49.; High traffic location suitable for commercial development.; 2.25 acre tract.
    (417) 850-5355
    We can help!
    Listing Contact
    Jim Alyssa Hunter Team
    Jim Alyssa Hunter Team
    Real Estate License ID: 2010009040
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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.

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