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 Market133
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) 883-4900
Source:
Crexi
Added: Apr 30
Changed: Aug 8
Last Checked: Aug 5 at 5:18AM
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
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 = 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
$15,238
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
5.10%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
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?
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
