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    22889 Mo-64 Hermitage, MO 65668

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    New
    For Sale
    $360,000

    MULTI_FAMILY - Hermitage, MO

    Property size:
    13,000 SF
    Lot size:
    5.80 Acres
    Price / SF:
    $27/SF
    Added:
    May 6, 2026
    Days on Market:
    2
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for 22889 Mo-64

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    09-3.0-08-000-000-052.000
    Size
    13,000 SF
    Lot size
    5.80 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SW SW SE LY N of ST HWY 64 & E OF CO RD (Less 334.2 S X E 193.8' & Less S 150' x W 285')
    Tax Annual Amount
    1200

    Utilities

    Sewer type
    Septic Tank
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1973
    Number of units
    6

    We can help!

    Listing Contact
    Mindy Jane Maddux

    Listing agent Mindy Jane Maddux

    Listing office Century 21 Maddux Realty, Inc MO

    Listing date May 6, 2026

    MLS# 60322832 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

    • High‑visibility 5.8+\/- acre commercial property near Pomme de Terre Lake, just 1 mile from Nemo Beach & Campground.
    • Two commercial buildings totaling approx. 13,000 sq. ft. with ample room for expansion or RV setup.
    • Building 1: Operating as Nemo Bargain Barn features a commercial kitchen, indoor\/outdoor seating, and walk‑up window.
    • Building 2: Bunk house with 6 bedrooms (mini splits), 2 bathrooms, 2 showers, and kitchenette.
    • Includes an 18‑hole mini‑golf course and abundant parking.
    • Utilities available, including 200 amp service, 10 storage units, elaborate septic system, and signage.

    Overview

    Turn-Key Retail & Recreation Complex

    This 5.8+/- acre commercial property is located on Hwy 64, just 1 mile from Nemo Beach & Campground and 3 miles from Pomme de Terre Dam. The property includes two commercial buildings totaling approximately 13,000 sq. ft. with room for expansion or RV setup. Building 1, at 4,000 sq. ft., currently operates as the Nemo Bargain Barn and has been used as a flea market. It features a fully equipped commercial kitchen, indoor and outdoor seating, and a walk-up window. Building 2, at 9,000 sq. ft., includes a bunk house with 6 bedrooms each equipped with mini splits, 2 bathrooms, and 2 showers. The main gathering area has a kitchenette and space for entertaining. Outdoor amenities include an 18-hole mini-golf course and abundant parking. There are 10 existing storage units with 9 x 7 drive-in doors. The property has all utilities available, including 200 amp service, an elaborate septic system installed for restaurant usage, and signage at the road. New HVAC has been installed in the main bunker house and the store. The property is located across from Eagle Stop Gas Station and Dollar General.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Hermitage
    County
    Hickory
    State
    Missouri
    Longitude
    -93.2852
    Latitude
    37.8981

    FAQs

    What type of property is this?
    Storefront property - 5.8-acre commercial property near Pomme de Terre Lake.
    Where is this storefront property located?
    The property is located at 22889 Mo-64 Hermitage, MO.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: High‑visibility 5.8+\/- acre commercial property near Pomme de Terre Lake, just 1 mile from Nemo Beach & Campground.; Two commercial buildings totaling approx. 13,000 sq. ft. with ample room for expansion or RV setup.; Building 1: Operating as Nemo Bargain Barn **features a commercial kitchen, indoor\/outdoor seating, and walk‑up window.**
    (417) 399-5541
    We can help!
    Listing Contact
    Mindy Jane Maddux
    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.

    More about this property
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