Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    I-49 And State Hwy 86 - Neosho, MO 64850

    • Land
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for I-49 And State Hwy 86 -

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 1-acre commercial lot is situated at the intersection of I-49 and State Highway 86 in Neosho, Missouri, zip code 64850. Part of a larger, 30+ acre development, this property boasts a highly visible location directly across from a new 24-acre Loves Travel Stop and south of a recently constructed 73,500 square foot building. The land is cleared, level, and ready for immediate development. The permitted zoning is C-3, allowing for a wide range of commercial uses. Utilities are readily available on-site, including new municipal electric, natural gas, city sewer, and city water. The asking price is $349,000, representing a price per acre of $349,000. The property's APN is 16-5.0-16-000-000-015.000. This location offers unparalleled visibility and accessibility due to its proximity to the interstate highway, making it ideal for restaurants, hotels, or any business that benefits from high traffic volume and convenient access. The developer is willing to divide the land to suit individual user needs, with a minimum lot size of one acre. Final pricing will be determined based on location and acreage. Conceptual drawings and example pricing are available upon request. An automated truck wash is planned for the site in 2024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Neosho
    County
    Newton
    State
    Missouri
    Longitude
    -94.4279
    Latitude
    36.8805

    Comparable in this City

    • Value Estimation by Request
      7.72 Acres

      Garrow Blvd

      Land • 7.72 Acres
      0 Garrow Blvd, Neosho, MO 64850
      View Details
    • Value Estimation by Request
      2.11 Acres

      13044 Hammer Rd

      Land • 2.11 Acres
      13044 Hammer Rd, Neosho, MO 64850
      View Details
    • Value Estimation by Request
      9.00 Acres

      8526 Trout Farm Rd

      Land • 9.00 Acres
      8526 Trout Farm Rd, Neosho, MO 64850
      View Details
    • Value Estimation by Request
      3.00 Acres

      8526 Trout Farm Rd

      Land • 3.00 Acres
      8526 Trout Farm Rd, Neosho, MO 64850
      View Details
    • Value Estimation by Request
      15.00 Acres

      Tbd Memory Ln

      Land • 15.00 Acres
      0 Tbd Memory Ln, Neosho, MO 64850
      View Details
    • Value Estimation by Request

      1096 Neosho Blvd

      Lifestyle centers
      1096 Neosho Blvd, Neosho, MO 64850
      View Details

    Similar Nearby for Sale

    • $690,000
      15.00 Acres

      Neosho, MO Commercial Land

      15 Acres, I-49 Visibility, Development Potential
      0 Tbd Memory Ln, Neosho, MO 64850
      View Details
    • $54,000
      3.00 Acres

      Prime 3-Acre Land Tract in Neosho, MO

      Missouri land, ideal for development.
      8526 Trout Farm Rd, Neosho, MO 64850
      View Details
    • $460,000
      7.72 Acres

      Neosho Commercial Land - 7.72 Acres

      Prime Commercial Land, High Traffic Area, Owner Financing Possible
      0 Garrow Blvd, Neosho, MO 64850
      View Details
    • $675,000
      130.00 Acres

      Neosho Land with Creek Access

      130 acre land with timber, bluffs, and creek.
      18284 B Gazelle Dr, Neosho, MO 64850
      View Details
    • $119,900
      14.00 Acres

      Land with Utilities in Neosho

      14+ acres with well, electric, and septic systems near Highway 59.
      Iris Rd, Neosho, MO 64850
      View Details
    • $209,000
      13.00 Acres

      Land with Development Potential

      13.41 acres in city limits with mature trees.
      Neosho, MO 64850
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      112,000 SF

      Neosho Distribution Warehouse for Rent

      112,000 SF distribution warehouse on 46 acres in Neosho.
      5725 Howard Bush Dr, Neosho, MO 64850
      View Details
    • $216 SF/Yr
      3,900 SF

      Neosho, MO Retail Space Near Walmart

      High-traffic retail space, 3900 sq ft.
      3201 Lusk Dr, Neosho, MO 64850
      View Details
    • $8 SF/Yr
      4,065 SF

      Office/Retail Space in High-Traffic Area

      Flexible office/retail space with high visibility and ample parking.
      1090 S Neosho Blvd, Neosho, MO 64850
      View Details
    • $8 SF/Yr
      15,785 SF

      Neosho Retail/Showroom/Industrial Space

      Flexible retail space available in Neosho, Missouri.
      1160 S Neosho Blvd, Neosho, MO 64850
      View Details
    • $8 SF/Yr
      11,100 SF

      Neosho Retail/Showroom/Industrial Space For Lease

      Flexible retail space available in Neosho, Missouri.
      1156 S Neosho Blvd, Neosho, MO 64850
      View Details
    • $18 SF/Yr
      3,900 SF

      Retail Space Near Walmart

      Retail space adjacent to Walmart with high visibility and traffic.
      3201 Lusk Dr, Neosho, MO 64850
      View Details
    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.
    I-49 And State Hwy 86 -
    Neosho, MO 64850
    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

    Google sign-in failed. Please try again or use another login method.