Commercial Development Lot with Gutted
607 E Mt Vernon St Nixa, MO 65714
For Sale
Contact for pricing
Over half-acre commercial lot on Hwy 14 includes a gutted structure sold as-is.
Property Size1,923 SF
Lot Size0.50 Acres
Price / SF$155.49
Days on Market87
Property Features for 607 E Mt Vernon St
General Information
- Standard status
- Active
- 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
Source:
Crexi
Added: Apr 30
Changed: Jul 20
Last Checked: Jul 24 at 5:12PM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.2k | $11.04 |
| − Vacancy | −$913 | −$0.47 |
| EGI | $20.3k | $10.57 |
| − OpEx | −$5.1k | −$2.64 |
| NOI | $15.2k | $7.92 |
1,923 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
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
