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    1306 Shull Street Ava, MO 65608

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    New
    For Sale
    $234,900

    SINGLE_FAMILY - Ava, MO

    Type:Retail
    Added:
    May 6, 2026
    Days on Market:
    2
    Last Refresh:
    May 7 at 7:06 pm

    Property Features for 1306 Shull Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    11-0.6-14-003-001-008.000

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    Pt Nwsw 106 X 164 Irr
    Tax Annual Amount
    1068

    Utilities

    Utilities
    Water Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Roof type
    Composition

    We can help!

    Listing Contact
    Robin Clark

    Listing agent Robin Clark

    Listing office Missouri Real Estate of the Ozarks, LLC 504 S Jefferson Street, Ava, MO

    Listing date May 6, 2026

    MLS# 60322810

    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

    • NEW Roof (June 2025) - Significant recent upgrade.
    • Highway 5 frontage with working business sign - Excellent visibility and advertising opportunity.
    • Multiple individual offices with separate entrances and thermostats - Ideal for leasing or separate living quarters.
    • Large storage building with large door, single door, heat, and air - Ample storage and climate control.
    • Full‑size kitchen and bathroom - Suitable for residential or commercial use.
    • Front office with fireplace and double door - Unique feature suitable for office/repair shop.

    Overview

    Commercial Property with Residential Potential

    This commercial property, formerly the Hodgsons Mill business, features highway 5 frontage with easy access. It is currently used as a business and residential property. A new roof is planned for June 2025. The property includes a full-size kitchen equipped with a dishwasher, free-standing electric stove, microwave, and refrigerator, suitable as a community break room for offices. The bathroom has a full-size tub and shower, vanity, and toilet. There are three entries, each leading to individual offices, presenting an opportunity to lease each office to different businesses or to create a separate living quarter. The heating and air system includes individual thermostats for each office space. The front office has a fireplace and double doors for larger deliveries, currently used as an office and repair shop. Each entry door is an industrial-size full glass door with deadbolt locks. An additional storage building, to be sold with the property, features a large door for bigger deliveries and an additional exterior door at the back. The large business sign is functional and provides a way to advertise businesses. The large storage building has a large entry and single door entry, as well as heat and air.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Ava
    County
    Douglas
    State
    Missouri
    Longitude
    -92.666945
    Latitude
    36.942437

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    FAQs

    What type of property is this?
    Storefront property - Versatile commercial property with office spaces and residential features.
    Where is this storefront property located?
    The property is located at 1306 Shull Street Ava, MO.
    What is the asking price?
    The asking price for this property is $234,900.
    What are key features of this property?
    This property features: NEW Roof (June 2025) - Significant recent upgrade.; Highway 5 frontage with working business sign - Excellent visibility and advertising opportunity.; Multiple individual offices with separate entrances and thermostats - Ideal for leasing or separate living quarters.
    (417) 849-8669
    We can help!
    Listing Contact
    Robin Clark
    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.

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