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    Drive-Thru Restaurant Building Title is generated by Realmo AI

    648 South Neosho Boulevard, Neosho, MO 64850

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    New
    For Sale
    $850,000

    Turnkey restaurant space with a commercial kitchen and drive-thru capability in a C-3 corridor.

    Type:Restaurant
    Property size:
    3,700 SF
    Price / SF:
    $229/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:22 am

    Property Features for 648 South Neosho Boulevard

    General Information

    Standard status
    Active
    Size
    3,700 SF
    Property subtype
    Restaurant

    Properties For Sale

    at 648 South Neosho Boulevard Contact us

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    Listing Contact
    Lee McLean III, CCIM
    Lee McLean III, CCIM

    Listing agent Lee McLean III, CCIM

    Listing office SVN | Rankin Co

    Listing date Jun 3, 2026

    Source Thebrokerlist

    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 SVN | Rankin Co

    HighLights

    • ±3,700 SF restaurant property zoned C‑3 Commercial Business District
    • Fully built out for restaurant use with commercial kitchen and hood system
    • Includes dining area and drive‑thru capability
    • Asking $850,000 for sale or $18.50/SF for lease
    • Located along Neosho Boulevard with traffic counts of approx. 13,395 vehicles per day (2025)
    • Convenient access to U.S. Route 60, approx. five minutes away

    Overview

    This restaurant property is approximately 3,700 SF and is zoned C-3 Commercial Business District. The building is fully built out for restaurant use and includes a commercial kitchen with a hood system, walk-in coolers, and a dining area. Drive-thru capability is also included, providing a built-in service model for quick-order operations.

    Located along Neosho Boulevard in Neosho, Missouri, the site offers strong visibility and accessibility. Traffic counts along Neosho Boulevard are approximately 13,395 vehicles per day (2025). The property also provides convenient access to U.S. Route 60, located about five minutes away, supporting regional connectivity. The surrounding commercial area includes users such as Neosho High School, Sonic Drive-In, Hardee’s, Community Bank and Trust, Braum’s, McDonald’s, and Walgreens, among others.

    For operators seeking a drive-thru capable restaurant location, this property offers an existing functional layout with key restaurant components already in place, including hooded kitchen infrastructure and walk-in refrigeration. For buyers, the C-3 zoning and restaurant build-out provide a straightforward path to reoccupy or continue a restaurant use in an established retail corridor.
    Location Intelligence

    Current Use by Public Records

    Pizza Hut Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Neosho
    County
    Newton
    State
    Missouri
    Longitude
    -94.382122
    Latitude
    36.862294

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    FAQs

    What type of property is this?
    Drive through restaurant - Turnkey restaurant space with a commercial kitchen and drive-thru capability in a C-3 corridor.
    Where is this drive through restaurant located?
    The property is located at 648 South Neosho Boulevard Neosho, MO.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: ±3,700 SF restaurant property zoned C‑3 Commercial Business District; Fully built out for restaurant use with commercial kitchen and hood system; Includes dining area and drive‑thru capability
    (417) 887-8826
    We can help!
    Listing Contact
    Lee McLean III, CCIM
    Lee McLean III, CCIM
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    648 South Neosho Boulevard, Neosho, MO 64850
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