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    High-Visibility Commercial Building with Drive-Thru Title is generated by Realmo AI

    925 & 929 S Neosho Boulevard, Neosho, MO 64850

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    For Sale
    $1,095,000

    COMMERCIAL - Neosho, MO

    Property size:
    4,814 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $227/SF
    Added:
    Mar 5, 2026
    Days on Market:
    71
    Last Refresh:
    May 15 at 3:06 am

    Property Features for 925 & 929 S Neosho Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    4,814 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    8509

    Utilities

    Utilities
    Electricity Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Flooring type
    Vinyl, Concrete
    Roof type
    Rubber

    We can help!

    Listing Contact
    Nina Moser

    Listing agent Nina Moser License #2004036953

    Listing office ReeceNichols - Neosho 1010 W HARMONY, NEOSHO, MO

    Listing date Mar 5, 2026

    MLS# 261220

    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

    • High‑visibility location on S Neosho Boulevard with 5,000‑10,000 average daily traffic.
    • Benefit from the drive‑thru capability.
    • Flexible 4,814 sq ft interior layout with multiple entrances/exits and commercial kitchen infrastructure.
    • Generous on‑site parking.
    • 1.17 acres offering expansion or redevelopment potential.
    • Located in an established commercial corridor across from Casey's.

    Overview

    This commercial building with a drive-thru is situated on 1.17 acres along S Neosho Boulevard, a primary commercial corridor in Neosho, Missouri. The location benefits from high visibility and average daily traffic counts between 5,000 and 10,000 vehicles per day. The 4,814 square foot building features a flexible interior layout with multiple entrances and rear exits, commercial kitchen infrastructure, and a large open dining or retail area. Generous on-site parking is available. The property is suitable for a wide range of commercial uses, including restaurant or coffee concepts, bakery, retail, medical or professional office space, specialty food operations, franchise concepts, or service-based businesses. The property is located just south of the signalized intersection at Neosho Boulevard and South Street, directly across from Casey's, within an established commercial corridor with steady local traffic and strong community exposure. The site offers room for additional parking, outdoor seating, expansion, or future redevelopment potential. The property is inside city limits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MoJoe's Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Neosho
    County
    Newton
    State
    Missouri
    Longitude
    -94.383367
    Latitude
    36.856771

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    FAQs

    What type of property is this?
    Drive through restaurant - Commercial building with drive-thru on 1.17 acres in Neosho.
    Where is this drive through restaurant located?
    The property is located at 925 & 929 S Neosho Boulevard Neosho, MO.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: High‑visibility location on S Neosho Boulevard with 5,000‑10,000 average daily traffic.; Benefit from the drive‑thru capability.; Flexible 4,814 sq ft interior layout with multiple entrances/exits and commercial kitchen infrastructure.
    (417) 592-3064
    We can help!
    Listing Contact
    Nina Moser
    Real Estate License ID: 2004036953
    Learn More
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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.

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    925 & 929 S Neosho Boulevard, Neosho, MO 64850
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