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    19 Acres Near I-44 Title is generated by Realmo AI

    303 Washington Street, Strafford, MO 65757

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    Claim this Listing
    For Sale
    $2,400,000

    COMMERCIAL - Strafford, MO

    Lot size:
    19.00 Acres
    Added:
    May 5, 2026
    Days on Market:
    18
    Last Refresh:
    May 22 at 10:06 am

    Property Features for 303 Washington Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    INC
    Bathrooms
    1
    Rooms
    Bathroom 1
    Fencing
    Cross Fenced, Barbed Wire
    Standard status
    Active
    APN
    1104115105
    Lot size
    19.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    STRAFFORD IRR .63A M/L BEG W LN WASHINGTON AVE & S R/W RR SE LY 225 FT WLY 122FT NWLY 225 FT ELY 122 FT TO BEG 4/29/20
    Tax Annual Amount
    3042

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1938
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Elevate Real Estate Group

    Listing agent Elevate Real Estate Group License #2020020399

    Listing office Alpha Realty MO, LLC 1900 S. Ventura Ave, Springfield, MO

    Listing date May 5, 2026

    MLS# 60322697

    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 location near I‑44 and Highway 125, providing easy access to major transportation routes.
    • Direct railroad frontage.
    • 19 acres of land suitable for logistics, distribution, or industrial use.
    • Neighbors established companies such as John Deere's Southwest Missouri Distribution Center, AMCON and Midwest Wheel.
    • Multiple outbuildings and an existing retail structure.
    • Natural Gas Available.

    Overview

    This 19-acre commercial property is located in Strafford, Missouri, near I-44 and immediately east of Springfield, neighboring the Southwest Missouri Rail & Industrial Park. Situated just off Highway 125, it provides convenient access to major transportation routes, making it suitable for logistics, distribution, or industrial applications. The property features direct railroad frontage, multiple outbuildings, and an existing retail structure, offering both immediate functionality and long-term potential. The surrounding area includes established companies such as John Deere's Southwest Missouri Distribution Center, AMCON, Midwest Wheel, 417 Express, and Warson Brands, reflecting the area's strength and growth. This property presents a rare opportunity in a location with increasing demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quest Hunt Co (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Strafford
    County
    Greene
    State
    Missouri
    Longitude
    -93.118716
    Latitude
    37.267724

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    FAQs

    What type of property is this?
    Industrial land - 19 acres near I-44, ideal for logistics or industrial use.
    Where is this industrial land located?
    The property is located at 303 Washington Street Strafford, MO.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Prime location near I‑44 and Highway 125, providing easy access to major transportation routes.; Direct railroad frontage.; 19 acres of land suitable for logistics, distribution, or industrial use.
    (417) 496-4425
    We can help!
    Listing Contact
    Elevate Real Estate Group
    Real Estate License ID: 2020020399
    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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