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 Market90
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 28 at 3:04PM
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 authorities.
Property Analytics
Location Intelligence
Current Use
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
