Open-Plan Office
For Sale
$399,900
714 State Highway 248 Unit 1, Branson, MO 65616
Flexible commercial space with central air and a layout suitable for customized interior improvements.
Property Size2,417 SF
Price / SF$165.45
Days on Market666
Property Features for 714 State Highway 248 Unit 1
General Information
Standard status
Active
Size
2,417 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,738
Amenities
Central Air
3
Composition
Building Details
Year Built
2009
Listing Agency:
Keller Williams Tri-Lakes
(417) 336-4999
Listed By:
Carolyn Crispin Team · License #2004031070
Source:
Xome
Added: Nov 3, 2024
Changed: Aug 29
Last Checked: Aug 29 at 11:20PM
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 Keller Williams Tri-Lakes
Investment Insights
Based on property information with market context.
This 2,417-square-foot office unit provides an open interior that can be arranged around a range of business layouts and operational requirements. The space offers a flexible starting point for an owner or occupant planning customized improvements, with central air already in place. Built in 2009, Unit 1 is part of a commercial property at 714 State Highway 248 in Branson.
The property is positioned just off Route 248, providing access to a state highway corridor. Its location supports a range of office-oriented commercial applications without committing the space to a fixed interior configuration. The open plan allows the next occupant to shape the work environment around its specific needs.
The property is positioned just off Route 248, providing access to a state highway corridor. Its location supports a range of office-oriented commercial applications without committing the space to a fixed interior configuration. The open plan allows the next occupant to shape the work environment around its specific needs.
Key Highlights
- 2,417‑square‑foot open‑plan office unit
- Central air conditioning
- Built in 2009
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
Retail
$344.4K
$301.4K – $401.8K
NOI $24,110 @ 7.0% cap · market cap 6.03%
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
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 - Flexible commercial space with central air and a layout suitable for customized interior improvements.
Where is this office units located?
The property is located at 714 State Highway 248 Unit 1 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‑foot open‑plan office unit; Central air conditioning; Built in 2009
