Church Facility with Two
For Sale
Under Contract
$775,000
4793 S 135th Road, Bolivar, MO 65613
Commercial Sale, Bolivar, MO
Property Size9,420 SF
Lot Size1.71 Acres
Price / SF$82.27
Days on Market441
Property Features for 4793 S 135th Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 8, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 7, Bathroom 6, Bathroom 5
Directions
From the intersection of Highway 13 & Highway 83 in Bolivar, South on 13, West on U Highway, immediately right on 135th Road to property.
Standard status
Active Under Contract
APN
89-10-0.9-30-000-000-018.00
Lot size
1.71 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
APPROX 1.71AC PT SE SW LYING W OF HWY 13 & SO OF BRANCH
Tax Annual Amount
4597
Legal Description
APPROX 1.71AC PT SE SW LYING W OF HWY 13 & SO OF BRANCH
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
2006
Listing Agency:
More-Land Realty, LLC
Listed By:
Marla L Moreland
(417) 399-1349
Added: Jul 21, 2025
Changed: Sep 17
Last Checked: Oct 4 at 4:06PM
MLS# 60300220
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.
This church facility includes two separate buildings on a 1.71-acre parcel. The primary structure contains approximately 7,500 square feet with a metal and brick exterior, metal roof, reception area, sanctuary, children’s church room, nursery, storage, and six bathrooms. Its prior six-unit strip-center layout provides separate front and rear entrances, individual HVAC systems, utility meters, and bathrooms for each unit, with additional flexibility for interior reconfiguration. A second building adds approximately 1,920 finished square feet with a reception area, multiple offices, breakroom, storage, and two bathrooms.
The property fronts Highway 13 near Highway U and benefits from reported exposure to more than 25,000 average daily vehicles. A paved parking area provides over 25 spaces. Built in 2006, the property has electric heating and cooling, including central air, with water available. The address is 4793 S 135th Road, Bolivar, Missouri 65613.
The property fronts Highway 13 near Highway U and benefits from reported exposure to more than 25,000 average daily vehicles. A paved parking area provides over 25 spaces. Built in 2006, the property has electric heating and cooling, including central air, with water available. The address is 4793 S 135th Road, Bolivar, Missouri 65613.
Key Highlights
- 1.71‑acre church property with two separate buildings
- Primary building is approximately 7,500 square feet with sanctuary, nursery, storage, and 6 bathrooms
- Second building contains approximately 1,920 finished square feet, offices, breakroom, storage, and 2 bathrooms
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
$70,104
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
9.05%
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%
$1,402,080
$1.4M
Cap Rate 7%
$1,001,486
$1.0M
Cap Rate 9%
$778,933
$778.9K
Market Conditions
NOI Build-Up for 9,420 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
$104.0K $11.04/SF
− Vacancy
−$3.8K −$0.41/SF
EGI
$100.1K $10.63/SF
− OpEx
−$30.0K −$3.19/SF
NOI
$70.1K $7.44/SF
Area
Polk County, MO
Vacancy
3.70%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,402,080
Cap Rate 7%
$1,001,486
Cap Rate 9%
$778,933
Alternative Uses
Best Use
Retail
$1.00M
$876.3K – $1.17M
NOI $70,104 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,525 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
8,596 visits/mo
0.1 miles
Demographics for 65613, MO
17,890
Population
7,327
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
184.9 sq mi
ZIP Area
97
Density / Sq Mi
$56,919
Median Household Income
$31,765
Median Earnings
$828
Median Rent
$197,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Two-building property offers worship, office, nursery, storage, and potential multi-suite commercial configuration.
Where is this church & religious facility located?
The property is located at 4793 S 135th Road Bolivar, MO.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1.71‑acre church property with two separate buildings; Primary building is approximately 7,500 square feet with sanctuary, nursery, storage, and 6 bathrooms; Second building contains approximately 1,920 finished square feet, offices, breakroom, storage, and 2 bathrooms
