Commercial Development Lot with Gutted
For Sale
Contact for pricing
Pending
607 E Mt Vernon St, Nixa, MO 65714
Over half-acre commercial lot on Hwy 14 includes a gutted structure sold as-is.
Property Size1,923 SF
Lot Size0.50 Acres
Days on Market179
Property Features for 607 E Mt Vernon St
General Information
Standard status
Pending
Size
1,923 SF
Lot size
0.50 Acres
Property subtype
Office
Building Details
Year Built
1883
Listing Agency:
Massengale Group - Keller Williams - Nixa
Listed By:
Jason Massengale · License #MO 2015008583
(417) 830-7951
Source:
Crexi
Added: Apr 30
Changed: Oct 13
Last Checked: Oct 24 at 1:48PM
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 Massengale Group - Keller Williams - Nixa
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes a commercial development lot with an existing structure that has been gutted and is being sold as-is. The property is sized over half an acre and is positioned for future build-out based on the buyer’s plans.
The site is located on Hwy 14 and provides visibility to the surrounding retail corridor. The property sits directly across from Kum & Go and Dollar General, with nearby retail and mixed-use growth noted in the public remarks.
The existing improvements have been removed down to the gutted condition, allowing flexibility for a new development concept. The combination of lot size, highway frontage, and nearby commercial anchors supports a straightforward “build-ready” use case for qualified buyers.
The site is located on Hwy 14 and provides visibility to the surrounding retail corridor. The property sits directly across from Kum & Go and Dollar General, with nearby retail and mixed-use growth noted in the public remarks.
The existing improvements have been removed down to the gutted condition, allowing flexibility for a new development concept. The combination of lot size, highway frontage, and nearby commercial anchors supports a straightforward “build-ready” use case for qualified buyers.
Key Highlights
- Over half‑acre commercial lot on Hwy 14 in Nixa’s high‑growth corridor
- Includes an existing structure gutted and sold as‑is
- Estimated Year Built: 1883
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,238
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,760
$304.8K
Cap Rate 7%
$217,686
$217.7K
Cap Rate 9%
$169,311
$169.3K
Market Conditions
NOI Build-Up for 1,923 SF
Gross rent
$21.2K $11.04/SF
− Vacancy
−$913 −$0.47/SF
EGI
$20.3K $10.57/SF
− OpEx
−$5.1K −$2.64/SF
NOI
$15.2K $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 Rate 5%
$304,760
Cap Rate 7%
$217,686
Cap Rate 9%
$169,311
Alternative Uses
Best Use
Office B
$217.7K
$190.5K – $254.0K
NOI $15,238 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.2K
$254.0K – $338.6K
NOI $20,317 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Over half-acre commercial lot on Hwy 14 includes a gutted structure sold as-is.
Where is this commercial land located?
The property is located at 607 E Mt Vernon St Nixa, MO.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Over half‑acre commercial lot on Hwy 14 in Nixa’s high‑growth corridor; Includes an existing structure gutted and sold as‑is; Estimated Year Built: 1883
