NNN Property with Vacant
For Sale
$2,900,000
1495 State Highway 248, Branson, MO 65616
Commercial Sale, Branson, MO
Property Size23,521 SF
Lot Size1.68 Acres
Price / SF$123.29
Days on Market63
Property Features for 1495 State Highway 248
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Lot features
Level
Directions
From Hwy. 65 take the St. Hwy. 248 Exit. Head west for a mile. Property is on the left.
Standard status
Active
APN
08-9.0-30-000-000-065.001
Lot size
1.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Legal on title shall govern: Staples Staples- Lt 1; City Of Branson
Tax Annual Amount
24758
Legal Description
Legal on title shall govern: Staples Staples- Lt 1; City Of Branson
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2000
Number of units
2
Roof type
Metal, Rubber
Listing Agency:
Vinton Commercial Realty
(417) 334-9400
Listed By:
Christopher Vinton · License #2003020919
(417) 861-6314
Added: Jul 13
Changed: Sep 12
Last Checked: Sep 13 at 4:06AM
MLS# 60328742
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.
Investment Insights
Based on property information with market context.
The fee-simple property comprises a 23,521-square-foot, two-tenant commercial building on 1.68 acres. Harbor Freight Tools occupies 15,000 square feet under a corporate-guaranteed NNN lease with scheduled rent increases and five 5-year renewal options. Landlord obligations are limited to the roof and structure. The balance, totaling 8,500 square feet, is vacant. Constructed in 2000, the building has electric heat, central air, metal and rubber roofing, and water available.
The property fronts State Highway 248, which averages more than 20,500 vehicles per day, and is 1.5 miles west of the US Highway 65 on/off ramps. The surrounding retail corridor includes Walmart Supercenter, Target, and The Home Depot. Branson draws more than 7.5 million visitors annually, while the 5-mile trade area includes nearly 32,000 residents and more than 48,000 employees.
The property fronts State Highway 248, which averages more than 20,500 vehicles per day, and is 1.5 miles west of the US Highway 65 on/off ramps. The surrounding retail corridor includes Walmart Supercenter, Target, and The Home Depot. Branson draws more than 7.5 million visitors annually, while the 5-mile trade area includes nearly 32,000 residents and more than 48,000 employees.
Key Highlights
- 23,521 SF two‑tenant building on 1.68 acres
- 15,000 SF occupied by Harbor Freight Tools under a corporate‑guaranteed NNN lease
- 8,500 SF currently vacant within the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$234,622
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,692,440
$4.7M
Cap Rate 7%
$3,351,743
$3.4M
Cap Rate 9%
$2,606,911
$2.6M
Market Conditions
NOI Build-Up for 23,521 SF
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.
Gross rent
$352.8K $15.00/SF
− Vacancy
−$17.6K −$0.75/SF
EGI
$335.2K $14.25/SF
− OpEx
−$100.6K −$4.27/SF
NOI
$234.6K $9.98/SF
Area
Taney County, MO
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,692,440
Cap Rate 7%
$3,351,743
Cap Rate 9%
$2,606,911
Alternative Uses
Best Use
Retail
$3.35M
$2.93M – $3.91M
NOI $234,622 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.60M
$4.02M – $5.36M
NOI $321,767 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
146k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 42%
Home Improvements & Furnishings 9%
Hobby Lobby
Shops & Services
34,732 visits/mo
0.2 miles
Culver's
Dining
30,301 visits/mo
0.4 miles
McDonald's
Dining
26,668 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
13,039 visits/mo
0.1 miles
Pizza Ranch
Dining
11,911 visits/mo
0.3 miles
Demographics for 65616, MO
27,562
Population
16,419
Households
1.7
Avg Household Size
43
Median Age
30%
College-Educated
90%
High-School Grad
76.5 sq mi
ZIP Area
360
Density / Sq Mi
$60,253
Median Household Income
$29,892
Median Earnings
$975
Median Rent
$243,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Two-tenant commercial building with a corporate-backed lease and additional space available for occupancy.
Where is this nnn property located?
The property is located at 1495 State Highway 248 Branson, MO.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 23,521 SF two‑tenant building on 1.68 acres; 15,000 SF occupied by Harbor Freight Tools under a corporate‑guaranteed NNN lease; 8,500 SF currently vacant within the building
