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    The Largest CRE Database in the US with Over 1 Million Listings

    9131 Wallaby Rd Pierce City, MO 65723

    Sponsored
    For Sale
    $799,500

    12.89 Acres, Event Ready, $799,500

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional hospitality venue in Pierce City, Missouri, presents a unique investment opportunity. Nestled on 12.89 acres of picturesque Missouri countryside, the property boasts a stunning setting overlooking a tranquil valley. The main building, constructed in 2017, offers 5,800 square feet of finished space, ideal for events and gatherings. A spacious 4,900-square-foot basement provides ample storage, a playroom, and plumbing for a future bathroom. Outdoor events are easily accommodated under a large 40' x 60' covered pavilion, perfect for ceremonies or overflow seating. All existing event bookings through 2025 are included in the sale, ensuring immediate revenue potential. The new owner will be responsible for fulfilling these pre-existing contracts. The current owners will continue booking events until the sale is finalized. A fully equipped decoration room, complete with its contents, is also part of the purchase. This turnkey operation offers a blend of rustic charm and modern amenities, making it an attractive investment for those seeking a profitable and established hospitality business. The property is located at 9131 Wallaby Road, Pierce City, MO 65723. The asking price is $799,500.

    Property Features for 9131 Wallaby Rd

    General Information

    Property type
    Land
    Lot Size
    561,488 SF

    We can help!

    Listing Contact
    Jennifer Prine
    Jennifer Prine

    Learn more

    HighLights

    • Exceptional hospitality venue on 12.89 acres in Pierce City, MO.
    • 5,800 SF main building (2017 construction) ideal for events.
    • 4,900 SF basement with storage and potential for future bathroom.
    • 40' x 60' covered pavilion for outdoor events.
    • All event bookings through 2025 included in sale ($799,500 asking price).
    • Fully equipped decoration room included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Hotel & Motel Food Market Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Pierce City
    County
    Lawrence
    State
    Missouri
    Longitude
    -94.0798563
    Latitude
    36.9309776

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 12.89 Acres, Event Ready, $799,500
    Where is this land located?
    The property is located at 9131 Wallaby Rd Pierce City, MO.
    What is the asking price?
    The asking price for this property is $799,500.
    What are key features of this property?
    This property features: Exceptional hospitality venue on 12.89 acres in Pierce City, MO.; 5,800 SF main building (2017 construction) ideal for events.; 4,900 SF basement with storage and potential for future bathroom.
    Request Owner's contact information
    9131 Wallaby Rd Pierce City, MO 65723
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    Pierce City, MO 65723
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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
    9131 Wallaby Rd Pierce City, MO 65723
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    We can help!
    Listing Contact
    Jennifer Prine
    Jennifer Prine
    Real Estate License ID: MO
    Learn more
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