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    West Plains Commercial Property Title is generated by Realmo AI

    130-134 N Howell Avenue, West Plains, MO 65775

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    Claim this Listing
    For Sale
    $1,999,900

    COMMERCIAL - West Plains, MO

    Lot size:
    3.42 Acres
    Added:
    Mar 21, 2018
    Days on Market:
    2980
    Last Refresh:
    May 17 at 1:06 am

    Property Features for 130-134 N Howell Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    15-5.0-21-004-008-008-00000
    Lot size
    3.42 Acres

    Taxes and HOA fees

    Tax Year
    2017
    Tax Annual Amount
    6666

    Utilities

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

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Kimberly Grennan

    Listing agent Kimberly Grennan

    Listing office United Country Missouri Ozarks Realty Inc. MO

    Listing date Mar 21, 2018

    MLS# 60103271

    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.

    HighLights

    • Ideal for Industrial, Warehouse, Retail, or Multi‑Family development.
    • Located in an Opportunity Zone with potential tax benefits for investors.
    • Eligible for the 'Build Missouri' program offering financial incentives.
    • Close proximity to Ozarks Medical Center and Missouri State University of West Plains.
    • Central location within the shopping and entertainment hub.
    • Shorter than average commute times (14.56 minutes).

    Overview

    This commercial property is located in West Plains, Missouri, and is suitable for industrial, warehouse, retail, or multi-family purposes. The property is close to amenities, including Ozarks Medical Center, a top-rated hospital that recently completed a $70 million expansion, and Missouri State University of West Plains, which has a campus of approximately 2000 students. West Plains serves as the shopping and entertainment hub of Howell County and several surrounding counties. The area hosts a large Farmer's Market and offers specialized and boutique stores, along with a variety of restaurants. Entertainment options include the West Plains Civic Center and local Small Stage Theatres. West Plains is the 69th largest community in Missouri, characterized by professionals, service providers, and specialized sales and office personnel. The average commute to work is 14.56 minutes. West Plains offers large areas of Opportunity Zones, designed to spur economic development through tax benefits to investors. The 'Build Missouri' program provides financial incentives to eligible entities in manufacturing, processing, assembly, research and development, and agricultural processing or services. The lot size is 3.42 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    West Plains
    County
    Howell
    State
    Missouri
    Longitude
    -91.845686
    Latitude
    36.728769

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    FAQs

    What type of property is this?
    Commercial land - Commercial property suitable for industrial, retail, multi-family and more.
    Where is this commercial land located?
    The property is located at 130-134 N Howell Avenue West Plains, MO.
    What is the asking price?
    The asking price for this property is $1,999,900.
    What are key features of this property?
    This property features: Ideal for Industrial, Warehouse, Retail, or Multi‑Family development.; Located in an Opportunity Zone with potential tax benefits for investors.; Eligible for the 'Build Missouri' program offering financial incentives.
    (417) 293-7277
    We can help!
    Listing Contact
    Kimberly Grennan
    Learn More
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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
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