Office Unit with Reception
For Sale
$254,900
Pending
506 N Main Street, Nixa, MO 65714
Commercial Sale, Nixa, MO
Property Size1,000 SF
Lot Size0.61 Acres
Days on Market52
Property Features for 506 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
South on Hwy 160, Turn left at Aldersgate Dr. Turn Right on Main. Property will be on left hand side after 4 way stop at Main and North St.
Standard status
Pending
APN
100613002009002000
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 4 McCroskey Add Blk 1 The W2
Tax Annual Amount
1609
Legal Description
Lot 4 McCroskey Add Blk 1 The W2
Utilities
Utilities
Water Available
Heating system
Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1965
Listing Agency:
Murney Associates - Nixa
(417) 724-2300
Listed By:
Ogden Bolin Real Estate Group · License #2016003767
(417) 224-4835
Added: Jul 8
Changed: Aug 19
Last Checked: Aug 28 at 6:06AM
MLS# 60328388
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.
This office property at 506 N Main Street in Nixa includes nearly 1,000 finished square feet arranged with a reception area and three office areas. Distinctive architectural details add character to the interior, while an additional unfinished basement provides supplemental space. The building also includes one bathroom and was constructed in 1965.
The property occupies 0.61 acres along Main Street and includes ample paved parking. Natural gas heating, electric central air, and water availability are among the reported building and utility features. The commercial layout has been identified for office, retail, and boutique service use.
The property occupies 0.61 acres along Main Street and includes ample paved parking. Natural gas heating, electric central air, and water availability are among the reported building and utility features. The commercial layout has been identified for office, retail, and boutique service use.
Key Highlights
- Nearly 1,000 finished square feet with additional unfinished basement space
- Reception area plus 3 office areas
- 0.61‑acre property on Main Street
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
$7,924
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
3.11%
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%
$158,480
$158.5K
Cap Rate 7%
$113,200
$113.2K
Cap Rate 9%
$88,044
$88.0K
Market Conditions
NOI Build-Up for 1,000 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
$11.0K $11.04/SF
− Vacancy
−$475 −$0.47/SF
EGI
$10.6K $10.57/SF
− OpEx
−$2.6K −$2.64/SF
NOI
$7.9K $7.92/SF
Area
Christian County, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$158,480
Cap Rate 7%
$113,200
Cap Rate 9%
$88,044
Alternative Uses
Best Use
Office B
$113.2K
$99.1K – $132.1K
NOI $7,924 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$150.9K
$132.1K – $176.1K
NOI $10,565 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 65714, MO
35,109
Population
13,459
Households
2.6
Avg Household Size
39
Median Age
37%
College-Educated
94%
High-School Grad
51.1 sq mi
ZIP Area
687
Density / Sq Mi
$82,548
Median Household Income
$46,746
Median Earnings
$985
Median Rent
$261,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Finished commercial space offers a reception area, three office areas, and paved parking for client-facing operations.
Where is this office units located?
The property is located at 506 N Main Street Nixa, MO.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Nearly 1,000 finished square feet with additional unfinished basement space; Reception area plus 3 office areas; 0.61‑acre property on Main Street
