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    307 State Highway 174 Republic, MO 65738

    Sponsored
    For Sale
    $450,000

    Prime Commercial Land, Republic, MO

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 5.58-acre commercial lot is ideally situated in Republic, Missouri, a rapidly expanding city poised for significant growth. Zoned C1-Commercial, this property offers unparalleled access to Republic's main retail thoroughfare and major highways. The city's robust economic development is evident in substantial investments totaling $1.5 billion through 2025, including the recent completion of the Convoy of Hope World Headquarters ($37M, 650 employees), a new Amazon Fulfillment Center ($150M, 1,800 employees), and the Iron Grain mixed-use development ($65M, under construction, Spring 2024 completion). Further fueling this growth is a substantial investment in infrastructure, including $12.5 million for a five-lane MM Highway expansion and $35 million to realign MM Highway, creating a new signalized intersection at Farm Road 103 expected to handle nearly 60,000 vehicles daily during peak hours. The city is also investing $100 million in water and wastewater infrastructure to support future development. This prime location presents a unique opportunity for commercial development in one of Missouri's fastest-growing cities. The asking price is $450,000. The property's address is 307 W. State Hwy 174, Republic, MO 65738.

    Property Features for 307 State Highway 174

    General Information

    Property type
    Land
    Lot Size
    243,065 SF

    HighLights

    • Located in Republic, MO, a rapidly growing city.
    • C‑1 Commercial zoning.
    • $1.5B in planned investments in Republic through 2025.
    • Convoy of Hope World Headquarters (completed October 2023): $37M investment, 650 employees.
    • Amazon Fulfillment Center: $150M investment, 1,800 employees.
    • Iron Grain mixed‑use development (under construction, Spring 2024 completion): $65M investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Republic
    County
    Greene
    State
    Missouri
    Longitude
    -93.488361
    Latitude
    37.121887

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Republic, MO
    Where is this land located?
    The property is located at 307 State Highway 174 Republic, MO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Located in Republic, MO, a rapidly growing city.; C-1 Commercial zoning.; $1.5B in planned investments in Republic through 2025.
    Request Owner's contact information
    307 State Highway 174 Republic, MO 65738
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    Republic, MO 65738
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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.

    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
    307 State Highway 174 Republic, MO 65738
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