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    6162 Us Highway 160 Theodosia, MO 65761

    Sponsored
    For Sale
    $450,000

    SINGLE_FAMILY - Theodosia, MO

    Type:Retail
    Property size:
    5,000 SF
    Lot size:
    3.30 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 27 at 4:06 pm

    Property Features for 6162 Us Highway 160

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 5, Bathroom 4
    Parking
    17
    Parking features
    Carport
    Fencing
    Privacy
    Size
    5,000 SF
    Lot size
    3.30 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Propane (Heating), Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1968
    Number of units
    3
    Roof type
    Metal

    We can help!

    Listing Contact
    Nicole Pettyjohn

    Greater Springfield Realty, LLC (Keller Williams) (417) 883-4900

    Listing agent Nicole Pettyjohn (417) 612-0227

    Listing date Feb 27, 2026

    MLS# 60316353

    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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Investment Opportunity Near Lake

    This mixed-use property is located on US-160 near Bull Shoals Lake. The 3.3-acre site includes a restaurant, retail space, and a 1650 square foot residential home with 3-bedrooms and 2-baths. The property has a large parking lot with approximately 50 parking spaces. The residential home could serve as a private residence, nightly rental, employee housing, or fishing lodge. The restaurant is fully operational and established, generating over $100,000 in bottom line profit in 2024. The property features a fully equipped commercial kitchen, dining area, and a separate attached retail/commercial space. The retail/commercial space is suitable for a shop, antique mall, lake outfitter, or boutique. The location benefits from highway frontage and lake traffic. Situated minutes from the Bull Shoals Lake public boat launch, the area attracts visitors for boating, fishing, golf, and lake recreation. Potential uses include developing the retail space for antiques, boutique retail, or a lake outfitter, a bait and tackle shop with fishing guide service, nightly rental lodge or cabins, boat or outdoor recreation sales, RV sites or campground, storage units or boat storage, flea market or specialty retail, and a car lot or equipment sales.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Theodosia
    County
    Ozark
    State
    Missouri
    Longitude
    -92.666098
    Latitude
    36.58178

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    FAQs

    What type of property is this?
    Mixed-use property - Profitable restaurant, retail space, and residential home near Bull Shoals Lake.
    Where is this mixed-use property located?
    The property is located at 6162 Us Highway 160 Theodosia, MO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Profitable, Turnkey Restaurant: Established "Cody's" generating over $100,000 profit in 2024 with a 26.17% cap rate.; - Mixed-Use Property: Combines a restaurant, retail space, and a 3-bedroom residential home, offering diverse income streams.; - Prime Location: Highly visible US-160 frontage near Bull Shoals Lake with approximately 1,000-5,000 vehicles daily.
    (417) 883-4900
    Request Owner's contact information
    6162 Us Highway 160 Theodosia, MO 65761
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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.

    More about this property
    6162 Us Highway 160 Theodosia, MO 65761
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    We can help!
    Listing Contact
    Nicole Pettyjohn
    Real Estate License ID: 2020036993
    (417) 883-4900 (417) 612-0227
    Learn more
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