Open-Plan Office
For Sale
$399,900
714 State Highway 248, Branson, MO 65616
Commercial Sale, Branson, MO
Property Size2,417 SF
Price / SF$165.45
Days on Market669
Property Features for 714 State Highway 248
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
West on Hwy 248 from US Hwy 65, approximately 1 mile. Located on the north side of Hwy 248.
Standard status
Active
APN
08-9.0-29-000-000-023.501
Taxes and HOA fees
Tax Year
2023
Tax Description
MANCHESTER VILLAGE OFFICE CONDOMINIUM MANCHESTER VILLAGE OFFICE CONDOMINIUM- UN 1, BLD 5
Tax Annual Amount
2738
Legal Description
MANCHESTER VILLAGE OFFICE CONDOMINIUM MANCHESTER VILLAGE OFFICE CONDOMINIUM- UN 1, BLD 5
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2009
Number of units
1
Roof type
Composition
Listing Agency:
Keller Williams Tri-Lakes · Keller Williams Realty
(417) 336-4999
Listed By:
Carolyn Crispin Team · License #2004031070
(417) 501-9111
Added: Nov 4, 2024
Changed: Aug 19
Last Checked: Sep 4 at 2:06AM
MLS# 60281425
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office unit contains 2,417 square feet arranged in an open interior, allowing the space to accommodate a range of office configurations. The property was built in 2009 and includes a bathroom, central air conditioning, and electric heating. Water is available at the property, and the roof is composition material.
Located at 714 State Highway 248 in Branson, the property sits just off Route 248. Its interior layout provides a straightforward base for an owner-user seeking office space with room to shape the configuration around operational requirements.
Located at 714 State Highway 248 in Branson, the property sits just off Route 248. Its interior layout provides a straightforward base for an owner-user seeking office space with room to shape the configuration around operational requirements.
Key Highlights
- 2,417 square feet of open‑plan office space
- Built in 2009
- Central air conditioning and electric heating
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
$25,016
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
6.26%
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%
$500,320
$500.3K
Cap Rate 7%
$357,371
$357.4K
Cap Rate 9%
$277,956
$278.0K
Market Conditions
NOI Build-Up for 2,417 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
$36.3K $15.00/SF
− Vacancy
−$2.9K −$1.20/SF
EGI
$33.4K $13.80/SF
− OpEx
−$8.3K −$3.45/SF
NOI
$25.0K $10.35/SF
Area
Taney County, MO
Vacancy
8.00%
Lease Rate
$15.00 /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%
$500,320
Cap Rate 7%
$357,371
Cap Rate 9%
$277,956
Alternative Uses
Best Use
Office B
$357.4K
$312.7K – $416.9K
NOI $25,016 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$472.4K
$413.3K – $551.1K
NOI $33,065 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 65616, MO
27,562
Population
16,419
Households
1.7
Avg Household Size
43
Median Age
30%
College-Educated
90%
High-School Grad
76.5 sq mi
ZIP Area
360
Density / Sq Mi
$60,253
Median Household Income
$29,892
Median Earnings
$975
Median Rent
$243,000
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?
Office units - Commercial space with central air, electric heat, and an adaptable interior layout.
Where is this office units located?
The property is located at 714 State Highway 248 Branson, MO.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,417 square feet of open‑plan office space; Built in 2009; Central air conditioning and electric heating
