Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Development Land Opportunity Title is generated by Realmo AI

    1587 S Us Hwy 63, West Plains, MO 65775

    View on Map
    Claim this Listing
    Picture of Commercial land at 1587 S Us Hwy 63, West Plains, MO
    For Sale
    $979,000

    LAND - West Plains, MO

    Lot size:
    8.90 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    52
    Last Refresh:
    May 13 at 5:06 am

    Property Features for 1587 S Us Hwy 63

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15-8.0-27-000-000-026.00000
    Lot size
    8.90 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    162

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Kimberly Grennan

    Listing agent Kimberly Grennan

    Listing office United Country Missouri Ozarks Realty Inc. MO

    Listing date Mar 23, 2026

    MLS# 60318868 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

    • Prime commercial development opportunity at the strategic intersection of US Highway 63 South & Bill Virdon Boulevard, offering high traffic counts and maximum visibility.
    • 8.9‑acre tract ideal for commercial or residential development.
    • Located next to Cedarhurst Assisted Living and Missouri State University‑West Plains Wulff‑Risner Agriculture Science Center, surrounded by growth.
    • Excellent topography with a gentle, usable layout, simplifying development.
    • Potential annexation into city limits with city utilities nearby.
    • Suited for senior housing, multifamily development, medical/professional offices, retail, or hospitality businesses.

    Overview

    This 8.9-acre commercial tract is located at the junction of US Highway 63 South and Bill Virdon Boulevard in West Plains, Missouri. The property benefits from high traffic counts, maximum visibility, and easy access, making it suitable for various commercial or residential development opportunities. It is positioned next to Cedarhurst Assisted Living and near the Missouri State University-West Plains Wulff-Risner Agriculture Science Center. The land features a gentle, usable layout, making it ideal for development. While currently outside city limits, the property offers the potential for annexation, with city utilities nearby. West Plains is a regional hub for South Central Missouri and Northern Arkansas, with a strong healthcare, education, and retail presence. The area is anchored by Ozarks Healthcare and a growing student population from Missouri State University-West Plains. This property is suited for senior housing or assisted living expansion, multifamily development (apartments, townhomes), medical or professional office space, retail or mixed-use development, and hospitality or service-based businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop 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
    -91.828912
    Latitude
    36.715048

    Nearby Similar for Sale

    • $1,899,000
      6,000 SF

      Highway 63 Commercial Opportunity

      26.4 acres with shop, offices, living quarters, and utilities.
      6167 Us Highway 63, West Plains, MO 65775
      View Details
    • $1,800,000

      Versatile Commercial Property on Highway 63

      4.93-acre commercial property with high visibility and multiple buildings.
      3711 N US Hwy 63, West Plains, MO 65775
      View Details
    • $349,900

      72-Acre Land with Multiple Ponds

      Land with pasture, timber, water, and build opportunities near West Plains.
      000 County Rd 8390, West Plains, MO 65775
      View Details
    • $337,500

      West Plains Wooded Acreage

      45+/- acre wooded sanctuary near West Plains, Missouri.
      0003 County Road 8200, West Plains, MO 65775
      View Details
    • $319,900
      3,125 SF

      Medical Office Space Near Hospital

      3,125 SF medical suite connected to Ozarks Healthcare Hospital.
      1115 Alaska Street, West Plains, MO 65775
      View Details
    • $599,000

      212 Acres of Wooded Land

      Wooded property near West Plains, Missouri, ideal for hunting.
      000 State Rte JJ, West Plains, MO 65775
      View Details
    • $799,900

      Highway Frontage Commercial Land Opportunity

      Commercial land with highway frontage and income-producing buildings for sale.
      1660, 1604 S SOUTH US HIGHWAY 63, West Plains, MO 65775
      View Details
    • $310,900

      39 Acres Wooded Sanctuary

      39+/- acre wooded land near town, ideal for homesite/hunting.
      0002 County Road 8200, West Plains, MO 65775
      View Details
    • $89,000

      West Plains Land with Cabin

      2.4 acres near West Plains with development potential.
      10140 County Road 6610, West Plains, MO 65775
      View Details
    • $475,000
      4,800 SF

      Commercial Buildings on Highway 63

      Two commercial buildings on active highway with established businesses.
      1660 S Us Highway 63, West Plains, MO 65775
      View Details
    • $1,790,000

      Productive Pasture with River Frontage

      369+/- acres of pasture and river frontage in Missouri.
      000 County Rd 8390, West Plains, MO 65775
      View Details
    • $57,600

      West Plains Land For Sale

      6.4 acres of wooded land near West Plains, Missouri.
      001 County Road 8200, West Plains, MO 65775
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.9 acres at Highway 63 & Bill Virdon Blvd, West Plains.
    Where is this commercial land located?
    The property is located at 1587 S Us Hwy 63 West Plains, MO.
    What is the asking price?
    The asking price for this property is $979,000.
    What are key features of this property?
    This property features: Prime commercial development opportunity at the strategic intersection of US Highway 63 South & Bill Virdon Boulevard, offering high traffic counts and maximum visibility.; 8.9‑acre tract ideal for commercial or residential development.; Located next to Cedarhurst Assisted Living and Missouri State University‑West Plains Wulff‑Risner Agriculture Science Center, surrounded by growth.
    (417) 293-7277
    We can help!
    Listing Contact
    Kimberly Grennan
    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
    1587 S Us Hwy 63, West Plains, MO 65775
    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!