Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    127 E Cherry St Nevada, MO 64772
    Back to Search
    Property profile & analytics

    127 E Cherry St Nevada, MO 64772

    View on Map
    • Retail space
    • 3,156 SF
    • 0.04 lot acres
    For Sale
    $250,000
    View Listing →
    Historic Mixed-Use Building, Nevada MO For Sale
    $250,000
    3,100 SF

    Historic Mixed-Use Building, Nevada MO

    Remodeled mixed-use property with residential suite and commercial space.

    127 E Cherry Street, Nevada, MO 64772
    View Listing
    Property ID
    US48-1999034
    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

    • Ray's Trophies & Awards / (Bike/Boat/Book/etc) Store

    Property Details for 127 E Cherry St

    Year built
    1900
    Lot size
    0.04 lot acres
    Property size
    3,156 SF
    Property type
    Retail space
    APN
    18-2.0-04-304-000-076.010
    APU
    182004304000076010

    Description

    This charming three-story building, originally The Mitchell Hotel, is located at 127 E Cherry Street in Nevada, Missouri (zip code 64772). Built in 1900, this 3,100 square foot retail property sits on a 0.04-acre lot and offers a unique investment opportunity. The main floor has recently operated as a restaurant and bistro, complete with a fully equipped kitchen and commercial hood. Restaurant appliances may be included in the sale, although the business name and operations will not transfer to the new owner. Above the main floor is a two-story, two-bedroom apartment with a balcony, ideal for owner occupancy or as a separate rental unit, generating additional income. Convenient city parking is located directly adjacent to the property. The property's rich history and versatile layout make it suitable for a variety of uses, presenting a compelling opportunity for both business owners and investors. The asking price for this exceptional property is $249,000.

    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
    -94.3556
    Latitude
    37.8383

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $776
    $0.00
    $0.00
    $11,580
    -
    $0.00
    $0.00
    $48,050

    Comparable in this City

    • Value Estimation by Request
      5,472 SF

      109 Twins Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,472 SF
      109 Twins Dr, Nevada, MO 64772-4233
      View Details
    • Value Estimation by Request
      23,639 SF

      1002 Austin Blvd

      RETAIL STORES (PERSONAL SERVICES) • 23,639 SF
      1002 Austin Blvd, Nevada, MO 64772-2764
      View Details
    • Value Estimation by Request
      9,200 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,200 SF
      103 Main St, Nevada, MO 64772-2330
      View Details
    • Value Estimation by Request
      9,620 SF

      210 Osage Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,620 SF
      210 Osage Blvd, Nevada, MO 64772-2635
      View Details
    • Value Estimation by Request
      304 SF

      905 Subway Blvd

      RETAIL STORES (PERSONAL SERVICES) • 304 SF
      905 Subway Blvd, Nevada, MO 64772-2708
      View Details
    • Value Estimation by Request
      4,094 SF

      110 Cherry St

      RETAIL STORES (PERSONAL SERVICES) • 4,094 SF
      110 Cherry St, Nevada, MO 64772-3318
      View Details

    Similar Nearby for Sale

    • $112,200
      0.24 Acres

      Nevada, MO Commercial Lot

      Corner lot in Nevada, Missouri, ideal for retail.
      229 E Austin Blvd, Nevada, MO 64772
      View Details
    • $49,900
      0.04 Acres

      Commercial Building in Nevada, Missouri

      Commercial building on the square with high traffic and visibility.
      205 W Cherry St, Nevada, MO 64772
      View Details
    • $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
    • $299,000
      0.78 Acres

      Nevada, MO Commercial Lot

      0.78 acre commercial lot with paved parking in Nevada, MO.
      170 E Austin Blvd, Nevada, MO 64772
      View Details
    • $210,000

      Highway Frontage Commercial Building

      Commercial building with high visibility on Business Highway 54.
      1419 W Austin Blvd, 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

    Similar Nearby for Lease

    • Contact for pricing

      Retail Outparcel in Nevada, Missouri

      Retail space available as a Walmart outparcel.
      400 Johnson Dr, Nevada, MO 64772
      View Details
    • New
      $900 /Mo
      7,405 SF

      Modern Office Suite For Lease

      Updated office suite with conference room, ready for occupancy.
      127 S Main St, Nevada, MO 64772
      View Details
    • $3 SF/Yr

      Industrial Warehouse For Lease

      40,000 SF industrial warehouse/manufacturing building for lease.
      713 E Austin Blvd, Nevada, MO 64772
      View Details
    • $850 /Mo
      1,200 SF

      Nevada, MO Commercial Space

      Versatile commercial space with offices and open areas for rent.
      1000 N Osage Blvd, Nevada, MO 64772
      View Details
    View Listing
    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.
    127 E Cherry St
    Nevada, MO 64772
    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

    Thank You for Inquiry
    127 E Cherry St, Nevada, MO, 64772
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!