Medical Office with Highway
For Sale
$299,900
15056 Us Highway 160 Forsyth, Forsyth, MO 65653
Medical and professional office layout includes patient rooms, an X-ray room, and a separate currently occupied office section.
Property Size2,629 SF
Price / SF$114.07
Days on Market49
Property Features for 15056 Us Highway 160 Forsyth
General Information
Standard status
Active
Size
2,629 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,280
Amenities
Sidewalk(s),Level
130x144
0.43
Paved,6-10 Spaces
2629
Building Details
Building Size
2,629 SF
Year Built
1992
Listing Agency:
RE/MAX SHOWTIME
(417) 294-1629
Listed By:
Jon Holloway
(417) 294-1629
Source:
Jonholloway.showtimeproperties
Added: Jul 3
Changed: Aug 14
Last Checked: Aug 20 at 4:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SHOWTIME
Investment Insights
Based on property information with market context.
This property was previously used as a chiropractic office and offers a practical professional layout for medical and wellness services. The main office area includes five patient rooms, an X-ray room, a reception desk, a waiting area, a laundry space, and two bathrooms.
A separate building section is currently occupied by the Taney County SWCD office and includes a lobby, break room, bathroom, and two private offices.
Recent updates include new LVP flooring on the chiropractic side in 2025 and a new HVAC system installed in February 2026. The property also features a paved parking lot and highway frontage on US Highway 160.
A separate building section is currently occupied by the Taney County SWCD office and includes a lobby, break room, bathroom, and two private offices.
Recent updates include new LVP flooring on the chiropractic side in 2025 and a new HVAC system installed in February 2026. The property also features a paved parking lot and highway frontage on US Highway 160.
Key Highlights
- 0.43‑acre commercial property with 130x144 lot dimensions and Highway 160 frontage in Forsyth
- 2,629 SF building (1992) with professional office layout including 5 patient rooms, an X‑ray room, reception, and waiting area
- Includes laundry space and 2 bathrooms on the main office side
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
$27,210
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
9.07%
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%
$544,200
$544.2K
Cap Rate 7%
$388,714
$388.7K
Cap Rate 9%
$302,333
$302.3K
Market Conditions
NOI Build-Up for 2,629 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
$39.4K $15.00/SF
− Vacancy
−$3.2K −$1.20/SF
EGI
$36.3K $13.80/SF
− OpEx
−$9.1K −$3.45/SF
NOI
$27.2K $10.35/SF
Area
Taney County, MO
Vacancy
8.00%
Lease Rate
$15.00 /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%
$544,200
Cap Rate 7%
$388,714
Cap Rate 9%
$302,333
Alternative Uses
Best Use
Healthcare Medical
$470.1K
$411.4K – $548.5K
NOI $32,908 @ 7.0% cap · market cap 10.97%
Second Best
Office B
$388.7K
$340.1K – $453.5K
NOI $27,210 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$513.8K
$449.6K – $599.4K
NOI $35,965 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65653, MO
5,806
Population
2,894
Households
2
Avg Household Size
50
Median Age
20%
College-Educated
92%
High-School Grad
63.8 sq mi
ZIP Area
91
Density / Sq Mi
$47,929
Median Household Income
$34,470
Median Earnings
$719
Median Rent
$181,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical and professional office layout includes patient rooms, an X-ray room, and a separate currently occupied office section.
Where is this medical office space located?
The property is located at 15056 Us Highway 160 Forsyth Forsyth, MO.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 0.43‑acre commercial property with 130x144 lot dimensions and Highway 160 frontage in Forsyth; 2,629 SF building (1992) with professional office layout including 5 patient rooms, an X‑ray room, reception, and waiting area; Includes laundry space and 2 bathrooms on the main office side
