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

    306 E Chestnut St Strafford, MO 65757

    Sponsored
    For Sale
    $2,200,000

    SINGLE_FAMILY - Strafford, MO

    Type:Retail
    Lot size:
    2.32 Acres
    Days on Market:
    96
    Last Refresh:
    Jan 21 at 6:06 pm

    Property Features for 306 E Chestnut St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    INC
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2
    APN
    1035302005
    Lot size
    2.32 Acres

    Utilities

    Utilities
    Water Available
    Cooling system
    Central Air

    Building Details

    Year built
    2017
    Number of units
    5
    Roof type
    Metal

    We can help!

    Listing Contact
    Langston Group

    Murney Associates, LLC (417) 575-1205 [email protected]

    Listing agent Langston Group (417) 879-7979

    Listing date Oct 18, 2025

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Property Near I-44

    This commercial property features two buildings in a high-visibility, high-traffic location off Interstate 44. Situated in a rapidly developing area, this property is suitable for investors, business owners, or entrepreneurs. Building 1 features a dual tenant layout with a modern design. One unit is currently occupied by an established Mexican restaurant. The vacant unit, formerly a yoga studio, is ready for retail or office use. Building 2 offers a large, open floor plan suitable for a storage facility, showroom, studio, or light industrial business. It can be adapted to suit various business needs and potentially divided for additional tenant income. The property includes four potential tenant spaces across the two buildings, modern curb appeal with updated exterior finishes, and signage visibility from I-44. Ample parking and easy access are available for customers and deliveries. The property is positioned in a fast-growing commercial corridor with increasing demand. The lot size is 2.32 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Strafford
    County
    Greene
    State
    Missouri
    Longitude
    -93.111897
    Latitude
    37.27118

    Nearby Similar for Sale

    • $14,350,000
      24.64 Acres

      Strafford Industrial Opportunity For Sale

      24-acre industrial property with over 100,000 sq. ft.
      287 E Evergreen Rd, Strafford, MO 65757
      View Details
    • $274,999
      2,600 SF

      Renovated Duplex in Strafford, MO

      Newly renovated duplex with reliable tenants in a desirable location.
      415 S Dell St, Strafford, MO 65757
      View Details
    • $6,750,000
      3.15 Acres

      Strafford Industrial Property For Sale

      Two-building industrial property with highway access in Strafford, Missouri.
      3 287, Strafford, MO 65757
      View Details
    • $1,600,000
      80.00 Acres

      80 Acres of Farmland

      Prime farmland near Strafford, Missouri, with well and electric.
      68 Unit Parcel 3, Strafford, MO 65757
      View Details
    • $2,200,000
      Pending

      Office/Warehouse with Highway Access

      14,100 SF office/warehouse on 4.91 acres with highway access.
      5 287, Strafford, MO 65757
      View Details
    • $3,500,000
      3.00 Acres

      Strafford Industrial Property For Sale

      28,625 SF industrial property with office and warehouse space.
      2 287, Strafford, MO 65757
      View Details
    • $2,500,000
      1.92 Acres

      Strafford Industrial Building For Sale

      18,625 SF industrial building with highway visibility in Strafford, MO.
      4 287, Strafford, MO 65757
      View Details
    • $1,050,000
      70.00 Acres

      70 Acre Farm near Springfield

      70 acre farm suited for running cattle near Springfield.
      215 Unit Parcel 2, Strafford, MO 65757
      View Details
    • $260,000
      1,800 SF

      Strafford Home with Shop on Acreage

      Four-bedroom home with shop on over 10 wooded acres.
      7754 N State Highway 125, Strafford, MO 65757
      View Details
    • $340,000
      1,800 SF

      Strafford Commercial Property - Route 66

      High-visibility income property, 1800 sq ft.
      304 Jefferson St, Strafford, MO 65757
      View Details
    • $909,150
      27.55 Acres

      Strafford Industrial Land - I-44 Frontage

      Prime 27.55-acre industrial site near Buc-ee's.
      000 Farm Road 104, Strafford, MO 65757
      View Details
    • Contact for pricing
      1.66 Acres

      Strafford Office Space - 7000 SF

      Spacious Office Building, Ample Parking
      2401-c Old Route 66, Strafford, MO 65757
      View Details

    FAQs

    What type of property is this?
    Retail space - Dual buildings with high-traffic visibility and income potential.
    Where is this retail space located?
    The property is located at 306 E Chestnut St Strafford, MO.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - High-Traffic Visibility: Located right off I-44 in a rapidly growing commercial corridor, offering excellent signage visibility and easy access.; - Dual Buildings with Multiple Tenant Spaces: Features two modern buildings with a total of 5 potential tenant spaces.; - Flexible and Adaptable Spaces: Building 2 offers a large, open floor plan suitable for various businesses and can be divided for additional income.
    (417) 879-7979
    Request Owner's contact information
    306 E Chestnut St Strafford, MO 65757
    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.
    306 E Chestnut St
    Strafford, MO 65757
    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
    306 E Chestnut St Strafford, MO 65757
    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
    Langston Group
    Real Estate License ID: 2017005672
    (417) 879-7979
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.