Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    102 Acres in Neosho, MO Title is generated by Realmo AI

    8947 Gateway Drive, Neosho, MO 64850

    View on Map
    Claim this Listing
    For Sale
    $749,900

    LAND - Neosho, MO

    Lot size:
    102.43 Acres
    Added:
    Apr 15, 2025
    Days on Market:
    416
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 8947 Gateway Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Partial, Barbed Wire
    Standard status
    Active
    APN
    098027000000024000
    Lot size
    102.43 Acres

    Taxes and HOA fees

    Tax Annual Amount
    151

    We can help!

    Listing Contact
    Higdon Real Estate Group, LLC, Kim Higdon

    Listing agent Higdon Real Estate Group, LLC, Kim Higdon License #1999079112

    Listing office CHARLES BURT REALTORS 2300 E 7th, Joplin, MO

    Listing date Apr 15, 2025

    MLS# 251972 Listing URL

    Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 102 Glorious Acres: Large, unrestricted land tract.
    • Extremely Private: Secluded location with wooded acreage.
    • Ideal Building Site: Some flat acres perfect for construction.
    • Hunter's Paradise: Abundant wildlife on the property.
    • Rolling Hills: Varied topography adds visual appeal.
    • Partial Barbed Wire Fencing: Existing fencing for boundary or livestock.

    Overview

    This is a 102-acre tract of land situated on Gateway Drive in Neosho, Missouri. The property is unrestricted and offers a high degree of privacy, featuring a mix of wooded areas and flat terrain suitable for building. The landscape includes rolling hills and an abundance of wildlife, making it attractive for hunting. The land is located in Newton County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Department Store Accounting Firm Furniture & Home Goods Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Neosho
    County
    Newton
    State
    Missouri
    Longitude
    -94.41699
    Latitude
    36.937433

    Nearby Similar for Sale

    • $1,095,000
      4,814 SF

      Drive-Through Commercial Building

      High-visibility boulevard site with drive-thru capability, flexible interior, and large on-site parking for a range of commercial uses.
      925 & 929 S Neosho Boulevard, Neosho, MO 64850
      View Details
    • $1,095,000
      4,814 SF

      Versatile Commercial Building in Neosho

      Adaptable commercial space with high visibility and development potential.
      925 & 929 S Neosho Boulevard, Neosho, MO 64850
      View Details
    • $280,000
      3,360 SF

      Industrial Distribution Building with Overhead Doors

      Metal industrial building with multiple overhead doors, private offices, and concrete floors for distribution or warehousing needs.
      12619 Nettle Drive, Neosho, MO 64850
      View Details
    • $150,000
      1,221 SF

      Retail-Office Building with Drive-Through

      Well-equipped retail-office building with drive-through window, restroom, and on-site parking in a C-2 commercial zone.
      115 E Hickory Street, Neosho, MO 64850
      View Details
    • $249,900
      1,210 SF

      Retail and Office Storefront

      Move-in-ready storefront with multiple rooms, bathroom, and kitchenette, suitable for office or retail use.
      729 S Neosho Boulevard, Neosho, MO 64850
      View Details
    • $269,500
      1,950 SF

      Established Floral & Gift Shop

      Profitable floral and gift shop in Neosho, Missouri for sale.
      115 N College Street, Neosho, MO 64850
      View Details
    • $495,000
      2,400 SF

      Versatile 20-Acre Commercial Property

      20-acre property with shop, ideal for business and home.
      13504 Jay Drive, Neosho, MO 64850
      View Details
    • $350,000
      3,708 SF

      Neosho Commercial Property For Sale

      Commercial property in Neosho, Missouri, previously used as a church.
      307 E Main Street, Neosho, MO 64850
      View Details
    • $725,000

      Interstate-Visible Development Land

      A large commercial tract with I-49 visibility and direct Highway 86 interchange access, suited for flexible development uses.
      Memory Lane, Neosho, MO 64850
      View Details
    • $650,000

      Commercial Land with I-49 Visibility

      10+/- acre commercial land with high I-49 visibility.
      12229 Hammer Road, Neosho, MO 64850
      View Details
    • $317,055

      Commercial Land with High Visibility

      9.19+/- acres for commercial development with well water access and visibility from I-49 just off Highway 86.
      Memory Lane, Neosho, MO 64850
      View Details
    • $234,900
      1,400 SF

      Brand-New Income Duplex

      New two-bedroom, one-bath duplex offers turn-key income potential with updated kitchens and appliances on both sides.
      717 Benham Avenue, Neosho, MO 64850
      View Details

    FAQs

    What type of property is this?
    Land - Large, unrestricted land tract ideal for building or hunting.
    Where is this land located?
    The property is located at 8947 Gateway Drive Neosho, MO.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: 102 Glorious Acres: Large, unrestricted land tract.; Extremely Private: Secluded location with wooded acreage.; Ideal Building Site: Some flat acres perfect for construction.
    (417) 396-9696
    We can help!
    Listing Contact
    Higdon Real Estate Group, LLC, Kim Higdon
    Real Estate License ID: 1999079112
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8947 Gateway Drive, Neosho, MO 64850
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!