Insulated Flex Building with Event
For Sale
$1,990,000
3099 Highway 95, Mountain Grove, MO 65711
Commercial Sale, Mountain Grove, MO
Property Size20,000 SF
Lot Size10.00 Acres
Price / SF$99.50
Days on Market424
Property Features for 3099 Highway 95
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
20
Full bathrooms
20
Rooms
Bathroom 2, Bathroom 13, Bathroom 17, Bathroom 15, Bathroom 7, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 10, Bathroom 19, Bathroom 8, Bathroom 14, Bathroom 16, Bathroom 20, Bathroom 12, Bathroom 18, Bathroom 9, Bathroom 1, Bathroom 11, Bathroom 5
Fencing
Chain Link
Lot features
Level
Directions
From the Intersection of Highway 95 (Main Street) and Highway 60, go north on Highway 95. Pass the MO State Fruit Experiment Station and look for building on left.
Standard status
Active
APN
20-8.0-33-0-000-006.00
Lot size
10.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2775
Utilities
Utilities
Electricity Available
Heating system
Radiant, Forced Air, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
full commercial kitchen
event center
sound system
nursery
Building Details
Year built
2016
Listing Agency:
37 North Realty - Mountain Grove · United Real Estate
(417) 926-5445
Listed By:
Liz Citron · License #2007037378
(417) 349-2191
Added: Jul 17, 2025
Changed: Sep 12
Last Checked: Sep 13 at 9:06PM
MLS# 60299874
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.
Built in 2016, this approximately 100 x 200 flex facility combines retail space, an event center, storage areas, and a full commercial kitchen. The building has 20' side walls with a 23' center height, spray-foam insulation, heated floors, central heating and cooling, a dock, and multiple exterior and interior roll-up doors. The event center measures approximately 49' x 83' plus its entry and kitchen, with a dropped ceiling, carpeting, table and chair storage, and a sound system. Two roll-up doors connect it to a larger open area suited to additional events, storage, or sporting activities.
The property is positioned on Highway 95 just north of the Highway 60 intersection, near Walmart, Ace Hardware, A-Squared Brewery, assisted living, and other businesses. The approximately 10-acre tract includes the building on the front approximately 4 acres, with an additional 6 acres consisting of wooded and open areas. The rear storage area is approximately 100 x 100 and includes a dock, 16 x 16 exterior doors, separate storage, and a half bath. The retail area is approximately 100 x 36.
The property is positioned on Highway 95 just north of the Highway 60 intersection, near Walmart, Ace Hardware, A-Squared Brewery, assisted living, and other businesses. The approximately 10-acre tract includes the building on the front approximately 4 acres, with an additional 6 acres consisting of wooded and open areas. The rear storage area is approximately 100 x 100 and includes a dock, 16 x 16 exterior doors, separate storage, and a half bath. The retail area is approximately 100 x 36.
Key Highlights
- Flex facility measures approximately 100 x 200 with 20' side walls and a 23' center height
- Approximately 10‑acre property with the building on the front 4 acres and an additional 6 acres
- Event center measures approximately 49' x 83' plus commercial kitchen and entry
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
$148,262
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
7.45%
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%
$2,965,240
$3.0M
Cap Rate 7%
$2,118,029
$2.1M
Cap Rate 9%
$1,647,356
$1.6M
Market Conditions
NOI Build-Up for 20,000 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
$259.2K $12.96/SF
− Vacancy
−$31.1K −$1.56/SF
EGI
$228.1K $11.40/SF
− OpEx
−$79.8K −$3.99/SF
NOI
$148.3K $7.41/SF
Area
Wright County, MO
Vacancy
12.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
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%
$2,965,240
Cap Rate 7%
$2,118,029
Cap Rate 9%
$1,647,356
Alternative Uses
Best Use
Warehouse
$5.29M
$4.63M – $6.18M
NOI $370,523 @ 7.0% cap · market cap 18.62%
Second Best
Industrial
$4.36M
$3.81M – $5.09M
NOI $305,137 @ 7.0% cap · market cap 15.33%
Theoretical Best
Office A
$5.64M
$4.94M – $6.58M
NOI $395,042 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65711, MO
9,278
Population
4,130
Households
2.2
Avg Household Size
44
Median Age
16%
College-Educated
84%
High-School Grad
293.4 sq mi
ZIP Area
32
Density / Sq Mi
$51,154
Median Household Income
$33,927
Median Earnings
$686
Median Rent
$120,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial facility with retail, event, storage, kitchen, and multi-door access.
Where is this flex space located?
The property is located at 3099 Highway 95 Mountain Grove, MO.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Flex facility measures approximately 100 x 200 with 20' side walls and a 23' center height; Approximately 10‑acre property with the building on the front 4 acres and an additional 6 acres; Event center measures approximately 49' x 83' plus commercial kitchen and entry
