Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ozark Multifamily Investment Opportunity Title is generated by Realmo AI

    1602 1604 Sherwood Court, Ozark, MO 65721

    View on Map
    Claim this Listing
    Pending
    $339,000

    MULTI_FAMILY - Ozark, MO

    Lot size:
    0.83 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    66
    Last Refresh:
    May 17 at 1:06 am

    Property Features for 1602 1604 Sherwood Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Res
    Interior features
    Washer/Dryer Hookup
    Standard status
    Pending
    APN
    110736002001022001
    Lot size
    0.83 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 1 Sherwood Court
    Tax Annual Amount
    1989

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Number of units
    2

    We can help!

    Listing Contact
    Tyler R. Schmidt

    Listing agent Tyler R. Schmidt

    Listing office Zeal Realty, LLC MO

    Listing date Mar 13, 2026

    MLS# 60317972 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

    • Great Location on Major Hwy
    • Rustic and Ready
    • Various types of businesses will fit
    • Over 2 Acres
    • Fully furnished with equipment, tables, chairs etc.
    • Turn Key Operations

    Overview

    This multifamily property in Ozark, Missouri, presents an investment opportunity with the potential for passive income. Each unit features 2 bedrooms and 1 1/2 bathrooms. The units have granite countertops, newer kitchen cabinets, and newer appliances. The property also includes updated exterior siding and windows, new decks, and newer HVAC units. The lot size is 0.83 acres. The property is zoned for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store Accounting Firm Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ozark
    County
    Christian
    State
    Missouri
    Longitude
    -93.190027
    Latitude
    36.999325

    Nearby Similar for Sale

    • $999,000
      7,100 SF

      Spacious Ozark Commercial Building

      Versatile commercial building in Ozark, Missouri with ample parking.
      500 W Daniels Street, Ozark, MO 65721
      View Details
    • $725,000
      3,960 SF

      Ozark Commercial Building For Sale

      High-visibility commercial building with retail space and multiple bays.
      203 W South Street, Ozark, MO 65721
      View Details
    • $429,900
      2,275 SF

      Versatile Commercial Property Near Highway

      Well-maintained commercial property ideal for service, automotive, or workshop operations.
      1400 N 18th Street, Ozark, MO 65721
      View Details
    • $1,550,000
      12,728 SF

      Retail and Medical Office Center

      Well-maintained retail and medical office center in Ozark, Missouri.
      5540-5552 N Farmer Branch Road, Ozark, MO 65721
      View Details
    • $352,000
      2,136 SF

      Ozark Duplex: Investor Opportunity

      Income-producing duplex in Ozark with recent updates and tenants in place.
      4314 N Morgan Court, Ozark, MO 65721
      View Details
    • $339,000
      2,430 SF

      Ozark Duplex with Updated Features

      Ozark duplex featuring updated units and convenient location.
      601 W Warren Avenue, Ozark, MO 65721
      View Details
    • $450,000
      3,576 SF

      Ozark Office Building For Sale

      3,576 SF office building in Ozark with ample parking.
      4910 N 21st St, Ozark, MO
      View Details
    • $1,295,000

      Commercial Buildings in Historic Downtown

      Two fully leased commercial buildings in Ozark, Missouri.
      103-105 S 3rd Street, Ozark, MO 65721
      View Details
    • $850,000
      7,438 SF

      Industrial & Storage Buildings For Lease

      7,438 SF Industrial & Storage Buildings For Lease in Ozark
      1967 W Boat St, Ozark, MO
      View Details
    • $3,300,000
      33,600 SF

      32-Unit Multifamily Investment Opportunity

      Multifamily apartment building with development potential in Ozark, Missouri.
      3601 Westwind Dr, Ozark, MO 65721
      View Details
    • $400,000
      3,520 SF

      Free-Standing Office Building Available

      3,520 SF office building on 0.75 acres for sale.
      302 E South St, Ozark, MO
      View Details
    • Contact for pricing

      Value-Add Multifamily Complex in Ozark

      56-unit apartment complex with value-add potential in growing Ozark, Missouri.
      1780 South 15th Street, Ozark, MO 65721
      View Details

    FAQs

    What type of property is this?
    Duplex - Investment property with updated units and passive income potential.
    Where is this duplex located?
    The property is located at 1602 1604 Sherwood Court Ozark, MO.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
    (316) 258-0376
    We can help!
    Listing Contact
    Tyler R. Schmidt
    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
    1602 1604 Sherwood Court, Ozark, MO 65721
    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!