Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Duplex with Shop Building Title is generated by Realmo AI

    187 State Highway Ff, Fordland, MO 65652

    View on Map
    Claim this Listing
    Pending
    $259,000

    DUPLEX - Fordland, MO

    Property size:
    1,785 SF
    Lot size:
    0.27 Acres
    Added:
    Feb 21, 2026
    Days on Market:
    85
    Last Refresh:
    May 17 at 5:06 am

    Property Features for 187 State Highway Ff

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
    Standard status
    Pending
    Size
    1,785 SF
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PT E 1/2 NE LT 2 NE (187 STATE HWY FF)
    Tax Annual Amount
    141

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    2025
    Floors in Building
    1
    Roof type
    Composition

    We can help!

    Listing Contact
    Heintz & Nunn Group

    Listing agent Heintz & Nunn Group License #2014005951

    Listing office Murney Associates - Primrose 1625 E. Primrose, Springfield, MO

    Listing date Feb 21, 2026

    MLS# 60315922 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

    • Brand new duplex construction (2025) with modern finishes.
    • Includes a 24x30 shop for storage, hobbies, or rental income.
    • Suitable for owner‑occupants, long‑term, or short‑term rental investment.
    • Each unit features 1 bedroom and 1 bathroom with 676 sq. ft. (1,352 sq. ft. total).
    • Two additional lots available for purchase (.31 acre and 1.38 acres) for expansion or development.
    • Located in Fordland, Missouri, offering a small‑town setting with convenient access to Springfield.

    Overview

    Located in Fordland, Missouri, this property features a newly constructed duplex with modern finishes. Each side of the duplex includes 1 bedroom and 1 bathroom, with each unit offering 676 square feet, totaling 1,352 square feet of living space. The property is situated on a 0.27-acre lot. In addition to the duplex, the property includes a 24x30 shop building suitable for storage, hobbies, or rental use. Furthermore, two additional lots are available for purchase, measuring 0.31 acres and 1.38 acres, offering opportunities for expansion or further development. This property is suitable for owner-occupants, long-term, or short-term rental investment.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $179.8K
    NOI $16,179 @ 9.00% cap · cautious / downside scenario
    Moderate
    $231.1K
    NOI $16,179 @ 7.00% cap · market / base-case scenario
    Aggressive
    $323.6K
    NOI $16,179 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $24.6k $13.80
    − Vacancy −$1.5k −$0.85
    EGI $23.1k $12.95
    − OpEx −$6.9k −$3.88
    NOI $16.2k $9.06
    1,785 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $231.1K
    $202.2K – $269.7K (±1% cap)
    NOI $16,179 @ 7.0% cap · market cap 6.25%
    Second Best
    Apartment 5plus
    $206.1K
    $180.4K – $240.5K (±1% cap)
    NOI $14,430 @ 7.0% cap · market cap 5.57%
    Theoretical Best
    Office A
    $269.4K
    $235.7K – $314.3K (±1% cap)
    NOI $18,859 @ 7.0% cap · market cap 7.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Department Store Food Market Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fordland
    County
    Webster
    State
    Missouri
    Longitude
    -92.937283
    Latitude
    37.158737

    Nearby Similar for Sale

    • $435,000

      29.2 Acres in Fordland, MO

      29.2 acres in Logan-Rogersville School District with endless potential.
      ... Choctaw Road, Fordland, MO 65652
      View Details
    • $259,000
      1,352 SF

      New Duplex with Shop Space

      New duplex with shop and expansion potential in Fordland, MO.
      187 State Highway Ff, Fordland, MO 65652
      View Details
    • $114,900

      Fordland, MO 15 Acre Land

      15 acre wooded tract perfect for a dream home.
      Spout Spring Road, Fordland, MO 65652
      View Details
    • $499,900

      Missouri Farm with Flowing Creek

      85-acre farm with creek, ideal for hunting and recreation.
      Abadyl Road, Fordland, MO 65652
      View Details
    • $95,000

      Restaurant and Retail Opportunity

      Versatile property with restaurant, living space, and business potential.
      143 E Main Street, Fordland, MO 65652
      View Details
    • $49,050

      Acreage in Webster County, MO

      Unrestricted 3.2-acre land ideal for custom home or retreat.
      Sugar Tree Drive lot: 6, Fordland, MO 65652
      View Details
    • $49,500

      Acreage in Webster County, Missouri

      Unrestricted 3.3-acre land ideal for custom home or retreat.
      Sugar Tree Drive lot: 13, Fordland, MO 65652
      View Details
    • $120,000

      6 Acre Wooded Land Parcel

      6 acre wooded parcel with no restrictions in Fordland, MO.
      Gardner Hill Lane, Fordland, MO 65652
      View Details
    • $150,000

      Unrestricted Land in Webster County

      12.58 acre parcel with building site in Fordland, Missouri.
      New Hope Road, Fordland, MO 65652
      View Details
    • $55,000

      Three Acres in Fordland, MO

      Three-acre lot in Fordland, ready for building and enjoying space.
      92 Pogue Drive, Fordland, MO 65652
      View Details
    • $169,999

      Rogersville Farmland in Fordland, MO

      13.5 acres in Rogersville School District, near Springfield and Marshfield.
      0 TDB State Highway KK, Fordland, MO 65656
      View Details

    FAQs

    What type of property is this?
    Duplex - New duplex with shop building and expansion possibilities.
    Where is this duplex located?
    The property is located at 187 State Highway Ff Fordland, MO.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: Brand new duplex construction (2025) with modern finishes.; Includes a **24x30 shop** for storage, hobbies, or rental income.; Suitable for owner‑occupants, long‑term, or short‑term rental investment.
    (417) 861-1585
    We can help!
    Listing Contact
    Heintz & Nunn Group
    Real Estate License ID: 2014005951
    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
    187 State Highway Ff, Fordland, MO 65652
    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!