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    1228 Ash St Nevada, MO 64772

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    1228 Ash St Nevada, MO 64772

    View on Map
    • Commercial real estate
    • 0.31 lot acres
    Off-Market
    Property ID
    US48-2135477
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1228 Ash St

    Lot size
    0.31 lot acres
    Property type
    Commercial real estate

    Description

    Build your dream home on this exceptional 0.31-acre residential lot located at 1228 N Ash Street, Nevada, Missouri, zip code 64772. This vacant land presents a unique opportunity for those seeking to establish a residence in a convenient and desirable area. The property is conveniently situated near essential amenities, including shopping centers, restaurants, schools, and entertainment venues, ensuring easy access to daily necessities and leisure activities. Adding to its appeal, the lot features newly installed city sidewalks, enhancing both curb appeal and pedestrian accessibility. This prime piece of real estate offers the perfect blend of location and potential, making it an ideal site for constructing a new home or developing an investment property. The asking price for this exceptional property is $17,500. The property is classified as Land, Special Purpose, with a residential subtype. Located in Vernon County, Missouri, this lot provides a fantastic opportunity to build in a thriving community. Don't miss this chance to own a piece of Nevada, Missouri.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Nevada
    County
    Vernon
    State
    Missouri
    Longitude
    -94.358331
    Latitude
    37.849787

    Comparable in this City

    • $46,000
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      Historic Downtown Nevada Commercial Building

      Revitalize a historic building in Nevada's growing downtown area.
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    • $65,000
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      Historic Nevada Playhouse - $65K

      Unique Commercial Building, 2260 sq ft
      119 Cherry St, Nevada, MO 64772
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    • $250,000
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      Historic Mixed-Use Building, Nevada MO

      Remodeled mixed-use property with residential suite and commercial space.
      127 E Cherry St, Nevada, MO 64772
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    • $124,900
      Pending

      Nevada, MO Duplex Investment

      Duplex with remodeled unit and tenant-occupied unit for immediate income.
      526-528 W Austin Blvd, Nevada, MO 64772
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    • $695,400
      Pending

      Vernon County Farm Land

      159 acre farm with timber and prairie near Nevada, MO.
      E Panama Rd, Nevada, MO 64772
      View Details
    • Contact for pricing
      0.18 Acres

      Residential Land in Nevada, MO

      Residential land with utilities available in Nevada, Missouri.
      122-124 N Spring St, Nevada, MO 64772
      View Details

    Similar Nearby for Sale

    • $46,000
      2,260 SF

      Historic Downtown Nevada Commercial Building

      Revitalize a historic building in Nevada's growing downtown area.
      119 W Cherry St, Nevada, MO 64772
      View Details
    • $65,000
      0.07 Acres

      Historic Nevada Playhouse - $65K

      Unique Commercial Building, 2260 sq ft
      119 Cherry St, Nevada, MO 64772
      View Details
    • $250,000
      3,100 SF

      Historic Mixed-Use Building, Nevada MO

      Remodeled mixed-use property with residential suite and commercial space.
      127 E Cherry St, Nevada, MO 64772
      View Details
    • $124,900
      Pending

      Nevada, MO Duplex Investment

      Duplex with remodeled unit and tenant-occupied unit for immediate income.
      526-528 W Austin Blvd, Nevada, MO 64772
      View Details
    • $695,400
      Pending

      Vernon County Farm Land

      159 acre farm with timber and prairie near Nevada, MO.
      E Panama Rd, Nevada, MO 64772
      View Details
    • Contact for pricing
      0.18 Acres

      Residential Land in Nevada, MO

      Residential land with utilities available in Nevada, Missouri.
      122-124 N Spring St, Nevada, MO 64772
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Warehouse For Lease

      40,000 SF industrial warehouse/manufacturing building for lease.
      713 E Austin Blvd, Nevada, MO 64772
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    • $900 /Mo
      7,405 SF

      Modern Office Suite For Lease

      Move-in ready office suite with conference room and reception area.
      127 S Main St, Nevada, MO 64772
      View Details
    • Contact for pricing

      Retail Outparcel in Nevada, Missouri

      Retail space available as a Walmart outparcel.
      400 Johnson Dr, Nevada, MO 64772
      View Details
    • Contact for pricing

      Nevada, MO Warehouse Opportunity

      39,000 sq ft warehouse with loading docks and drive-in door.
      713 E Austin Blvd, Nevada, MO 64772
      View Details
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    1228 Ash St
    Nevada, MO 64772
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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
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