Flex Space with Commercial
For Sale
$1,990,000
3099 Highway 95, Mountain Grove, MO 65711
SINGLE_FAMILY - Mountain Grove, MO
Property Size20,000 SF
Lot Size10.00 Acres
Price / SF$99.50
Days on Market397
Property Features for 3099 Highway 95
General Information
Property type
Residential
Property subtype
Retail
Bathrooms
20
Full bathrooms
20
Rooms
Bathroom 16, Bathroom 10, Bathroom 4, Bathroom 20, Bathroom 18, Bathroom 3, Bathroom 14, Bathroom 11, Bathroom 19, Bathroom 7, Bathroom 5, Bathroom 17, Bathroom 8, Bathroom 15, Bathroom 9, Bathroom 2, Bathroom 6, Bathroom 12, Bathroom 13, Bathroom 1
Fencing
Chain Link
Lot features
Level
Directions
From the Intersection of Highway 95 (Main Street) and Highway 60, go north on Highway 95. Pass the MO State Fruit Experiment Station and look for building on left.
Standard status
Active
APN
20-8.0-33-0-000-006.00
Lot size
10.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2775
Utilities
Utilities
Electricity Available
Heating system
Electric (Heating), Radiant, Forced Air
Cooling system
Electric, Central Air
Amenities
commercial kitchen
sound system
storage for tables and chairs
connecting bathrooms
Building Details
Year built
2016
Listing Agency:
37 North Realty - Mountain Grove · United Real Estate
(417) 926-5445
Listed By:
Liz Citron · License #2007037378
(417) 349-2191
Added: Jul 17, 2025
Changed: Aug 3
Last Checked: Aug 17 at 5:06PM
MLS# 60299874
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.
Investment Insights
Based on property information with market context.
A 2016 flex space building on 10 acres, currently operating as a retail business and event center with a full commercial kitchen. The main building is 100 x 200 with 20' side walls and 23' at the center, designed for flexible end-user layouts. The facility includes sprayfoam insulation, heated floors, and central heating/cooling, with a dropped ceiling and carpeting in the event space.
The event center is approximately 49' x 83' plus commercial kitchen and entry, along with storage for tables and chairs and a sound system. Connecting restrooms include 3 toilets and 7 urinals for men, and 9 stalls for women, plus a connecting nursery. Two roll-up doors connect the event center to a large open area suited for larger events, storage, or sporting events.
Additional areas include a rear storage area approximately 100 x 100 with a dock and 16 x 16 exterior doors, plus some separate storage and a half bath. The retail space is approximately 100 x 36, and the property is fenced with chain link. The building sits on the front 4 acres, with an additional 6 acres of wooded and open land overlooking the Missouri State Fruit Station’s lake.
The event center is approximately 49' x 83' plus commercial kitchen and entry, along with storage for tables and chairs and a sound system. Connecting restrooms include 3 toilets and 7 urinals for men, and 9 stalls for women, plus a connecting nursery. Two roll-up doors connect the event center to a large open area suited for larger events, storage, or sporting events.
Additional areas include a rear storage area approximately 100 x 100 with a dock and 16 x 16 exterior doors, plus some separate storage and a half bath. The retail space is approximately 100 x 36, and the property is fenced with chain link. The building sits on the front 4 acres, with an additional 6 acres of wooded and open land overlooking the Missouri State Fruit Station’s lake.
Key Highlights
- 100 x 200 flex space with 20' side walls and 23' center height
- Full commercial kitchen plus event center approximately 49' x 83'
- Dock and multiple exterior and interior roll‑up doors, including two connecting to the main open area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$148,262
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,965,240
$3.0M
Cap Rate 7%
$2,118,029
$2.1M
Cap Rate 9%
$1,647,356
$1.6M
Market Conditions
NOI Build-Up for 20,000 SF
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.
Gross rent
$259.2K $12.96/SF
− Vacancy
−$31.1K −$1.56/SF
EGI
$228.1K $11.40/SF
− OpEx
−$79.8K −$3.99/SF
NOI
$148.3K $7.41/SF
Area
Wright County, MO
Vacancy
12.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,965,240
Cap Rate 7%
$2,118,029
Cap Rate 9%
$1,647,356
Alternative Uses
Best Use
Industrial
$4.36M
$3.81M – $5.09M
NOI $305,137 @ 7.0% cap · market cap 15.33%
Second Best
Retail
$2.70M
$2.36M – $3.14M
NOI $188,698 @ 7.0% cap · market cap 9.48%
Theoretical Best
Office A
$5.64M
$4.94M – $6.58M
NOI $395,042 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65711, MO
9,278
Population
4,130
Households
2.2
Avg Household Size
44
Median Age
16%
College-Educated
84%
High-School Grad
293.4 sq mi
ZIP Area
32
Density / Sq Mi
$51,154
Median Household Income
$33,927
Median Earnings
$686
Median Rent
$120,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible building on Highway 95 with a full commercial kitchen, dock, roll-up doors, sprayfoam insulation, and heated floors.
Where is this flex space located?
The property is located at 3099 Highway 95 Mountain Grove, MO.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 100 x 200 flex space with 20' side walls and 23' center height; Full commercial kitchen plus event center approximately 49' x 83'; Dock and multiple exterior and interior roll‑up doors, including two connecting to the main open area
