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2806 State Highway 176 Rockaway Beach, MO 65740
Sponsored
For Sale
$1,150,000
Mixed-use complex, great investment!
Property size:
8,714 SF
Description
Added:
Dec 11, 2024
Days on Market:
414
The Lighthouse, a completely remodeled mixed-use property in Rockaway Beach, MO (65740), presents a compelling value-add investment opportunity. This 8,714 square foot, two-story building sits on a 0.31-acre lot and boasts a diverse range of spaces, including 4,280 square feet of residential space (four apartments, two configured for long-term rentals and two for short-term rentals), 1,350 square feet of retail space with lake views, a 1,172 square foot street-level cafe, and 1,746 square feet of office/storage space. The property benefits from its location in a lakeside community near Branson, MO, a major tourist destination attracting over 10 million visitors annually. This prime location offers a blend of tranquility and proximity to Branson's attractions, restaurants, and entertainment. The building underwent significant renovations in 2023, including new HVAC, appliances, and windows, while the roof was replaced in 2022. Currently, three of the four residential units generate income, with additional revenue potential from the retail and office spaces. The asking price is $1,150,000 ($131.97 per square foot). This property is classified as Class B and offers a unique blend of hospitality, mixed-use, office, and retail opportunities. The building's versatile layout and recent renovations make it an attractive investment for those seeking a profitable venture in a thriving tourist area.
Property Features for 2806 State Highway 176
General Information
Property type
Retail properties
Square Feet
8,714 SF
Class
B
Lot Size
13,504 SF
Building Details
Year Renovated
2023
Stories
2
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Listing Contact
Stephen Critchfield, CCIM
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Property Insight Report
HighLights
Prime location in lakeside community near Branson, MO, a major tourist destination attracting over 10 million visitors annually.
Short drive to Branson's attractions, restaurants, and shopping, yet situated in a quiet community.
Features four apartments; one suitable for owner occupancy or long/short‑term rentals.
Includes 1,350 sq ft of retail space with lake views, a 1,172 sq ft street‑level cafe, and 1,746 sq ft of office/storage space.
Recently renovated (2023) with new HVAC, appliances, and windows; roof replaced in 2022.
Retail property - Mixed-use complex, great investment!
Where is this retail property located?
The property is located at 2806 State Highway 176 Rockaway Beach, MO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Prime location in lakeside community near Branson, MO, a major tourist destination attracting over 10 million visitors annually.; Short drive to Branson's attractions, restaurants, and shopping, yet situated in a quiet community.; Features four apartments; one suitable for owner occupancy or long/short-term rentals.
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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.
More about this property
2806 State Highway 176 Rockaway Beach, MO 65740
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2806 State Highway 176, Rockaway Beach, MO
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2806 State Highway 176, Rockaway Beach, MO
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2806 State Highway 176, Rockaway Beach, MO
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Listing Contact
Stephen Critchfield, CCIM
Real Estate License ID: MO 20006016261
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