Office Unit with Reception
For Sale
$254,900
506 N Main St, Nixa, MO 65714
Located on Main Street with paved parking and three office areas.
Property Size1,413 SF
Price / SF$180.40
Days on Market67
Property Features for 506 N Main St
General Information
Standard status
Active
Size
1,413 SF
Property subtype
Commercial
Amenities
paved parking
reception area
3 office areas
architectural details
basement
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Murney Associates - Nixa
(417) 224-4835
Listed By:
Ogden Bolin Real Estate Group · License #2016003767
Source:
Trilakeshomesearch
Added: Jun 25
Changed: Aug 30
Last Checked: Aug 30 at 8:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Murney Associates - Nixa
Investment Insights
Based on property information with market context.
This 1,413-square-foot office unit includes nearly 1,000 finished square feet along with additional unfinished basement area. The interior features a reception area, three office areas, and distinctive architectural details that contribute to a character-rich commercial setting.
The property is located at 506 N Main St in Nixa, Missouri, with visibility along Main Street and ample paved parking. Its existing office configuration and customer-facing reception area provide a practical foundation for professional operations, while the unfinished basement adds additional interior space.
The property is located at 506 N Main St in Nixa, Missouri, with visibility along Main Street and ample paved parking. Its existing office configuration and customer-facing reception area provide a practical foundation for professional operations, while the unfinished basement adds additional interior space.
Key Highlights
- 1,413 SF property with nearly 1,000 finished SF
- Reception area and 3 office areas
- Additional unfinished basement space
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
$11,197
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
4.39%
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%
$223,940
$223.9K
Cap Rate 7%
$159,957
$160.0K
Cap Rate 9%
$124,411
$124.4K
Market Conditions
NOI Build-Up for 1,413 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
$15.6K $11.04/SF
− Vacancy
−$671 −$0.47/SF
EGI
$14.9K $10.57/SF
− OpEx
−$3.7K −$2.64/SF
NOI
$11.2K $7.92/SF
Area
Christian County, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$223,940
Cap Rate 7%
$159,957
Cap Rate 9%
$124,411
Alternative Uses
Best Use
Office B
$160.0K
$140.0K – $186.6K
NOI $11,197 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$213.3K
$186.6K – $248.8K
NOI $14,929 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 65714, MO
35,109
Population
13,459
Households
2.6
Avg Household Size
39
Median Age
37%
College-Educated
94%
High-School Grad
51.1 sq mi
ZIP Area
687
Density / Sq Mi
$82,548
Median Household Income
$46,746
Median Earnings
$985
Median Rent
$261,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Located on Main Street with paved parking and three office areas.
Where is this office units located?
The property is located at 506 N Main St Nixa, MO.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: 1,413 SF property with nearly 1,000 finished SF; Reception area and 3 office areas; Additional unfinished basement space
