Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Goodman, MO Development Opportunity Title is generated by Realmo AI

    137 E Splitlog Avenue, Goodman, MO 64843

    View on Map
    Claim this Listing
    For Sale
    $389,900

    LAND - Goodman, MO

    Lot size:
    19.26 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    62
    Last Refresh:
    May 17 at 5:06 am

    Property Features for 137 E Splitlog Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    04-3.0-08-004-002-001.000,04-3.0-08-004-002-008.01
    Lot size
    19.26 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    THAT PART OF LOT 190 LYING S OF SPLITLOG RD. IN OZ ARK ORCHARD COMPANY'S S/D ETC
    Tax Annual Amount
    5

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Melanie Harrison

    Listing agent Melanie Harrison License #SA00081204

    Listing office Fathom Realty MO LLC 223 East Main Street, MO

    Listing date Mar 17, 2026

    MLS# 60318216 Listing URL

    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

    • 19.26‑acre high‑development parcel suitable for residential, commercial, or mixed‑use projects.
    • Direct access and frontage off I‑49 interstate bypass, offering superior highway visibility.
    • Located in a booming Southwest Missouri growth corridor, between Joplin, MO and Bentonville, AR.
    • Public water, electric service, and public sewer available at the site.
    • Two flexible parcels with open fields and excellent road access.
    • Priced at $395,000.

    Overview

    This 19.26-acre parcel in Goodman, MO, presents a development opportunity suitable for residential, commercial, or mixed-use projects. The site benefits from the availability of public water, electric service, and public sewer. The property has direct access and frontage off the I-49 interstate bypass, providing highway visibility and connectivity. Its location places it approximately 25 miles south of Joplin, Missouri, and approximately 34 miles north of Bentonville, Arkansas. The property features open fields and road access, and consists of two parcels. It is located in a growth corridor of Southwest Missouri.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Department Store Grocery & Convenience Store Storage Facility Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Goodman
    County
    McDonald
    State
    Missouri
    Longitude
    -94.403209
    Latitude
    36.737166

    Nearby Similar for Sale

    • $58,000

      5ac Wooded Land in Goodman, MO

      5ac surveyed tract for home construction near Neosho and Joplin.
      5ac Spruce Drive, Goodman, MO 64843
      View Details
    • $395,000

      Goodman, MO Development Opportunity

      19.26-acre parcel ideal for residential, commercial, or mixed-use development.
      137 E Spiltlog lot: 190, Goodman, MO 64843
      View Details
    • $319,900

      Secluded Land Tract Near Town

      Private 39.98-acre tract perfect for hunting or livestock.
      Sarratt Road, Goodman, MO 64843
      View Details
    • $319,900

      Secluded Land with Hunting Potential

      Private 39.98-acre tract perfect for hunting or livestock.
      Sarratt Road, Goodman, MO 64843
      View Details
    • $27,000

      Wooded Land in Goodman, Missouri

      Unique 1.76-acre wooded lot with city utilities available.
      Garner Street, Goodman, MO 64843
      View Details
    • $27,000

      Wooded Land in Goodman, Missouri

      Unique 1.76-acre wooded lot with city utilities available.
      E Garner Street, Goodman, MO 64843
      View Details
    • $58,000

      5 Acre Wooded Land Tract

      5 acre surveyed tract for private home construction.
      5ac Spruce Drive, Goodman, MO 64843
      View Details
    • $48,000

      Land in Goodman, Missouri

      3.98-acre surveyed tract for rural living with convenient access.
      3.98 Spruce Drive, Goodman, MO 64843
      View Details
    • $70,000

      Raw Land in Eagle Acres

      7.09 acres of raw land with subdivision road access.
      Lightning Bug Lane lot: 4-6, Goodman, MO 64843
      View Details
    • $23,700

      2.37 Acre Building Lot

      2.37 acre building lot with road access and trails.
      Lightning Bug Lane lot: 6, Goodman, MO 64843
      View Details
    • $23,900

      Residential Land in Goodman, MO

      2.39 acre residential lot with road access and trails.
      Lightning Bug Lane lot: 5, Goodman, MO 64843
      View Details
    • $27,000

      Wooded Acreage in Goodman, Missouri

      1.76 surveyed acres with city utilities available for building.
      Garner Street E, Goodman, MO 64843
      View Details

    FAQs

    What type of property is this?
    Commercial land - 19.26-acre parcel ideal for residential, commercial, or mixed-use development.
    Where is this commercial land located?
    The property is located at 137 E Splitlog Avenue Goodman, MO.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: 19.26‑acre high‑development parcel suitable for residential, commercial, or mixed‑use projects.; Direct access and frontage off I‑49 interstate bypass, offering superior highway visibility.; Located in a booming Southwest Missouri growth corridor, between Joplin, MO and Bentonville, AR.
    (479) 586-9664
    We can help!
    Listing Contact
    Melanie Harrison
    Real Estate License ID: SA00081204
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    137 E Splitlog Avenue, Goodman, MO 64843
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!