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    16202 Highway 59 Neosho, MO 64850
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    Property profile & analytics

    16202 Highway 59 Neosho, MO 64850

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    • Commercial real estate
    • 6,816 SF
    Off-Market
    Property ID
    US48-2390942
    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 16202 Highway 59

    Property size
    6,816 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property in Neosho, Missouri, presents a unique investment opportunity. Located at 16202 Highway 59, this 1.40-acre lot features a 6,816 square foot metal building, offering ample space for a variety of commercial uses. The property boasts over 100 paved parking spaces, ensuring convenient access for customers and employees. Its prime location directly off Highway 59 provides excellent visibility and accessibility, maximizing exposure to potential customers. The building's flexible design allows for customization to suit diverse business needs, including retail, office, warehousing, or light industrial applications. The expansive lot offers potential for future expansion or outdoor operations. The asking price is $550,000. This property's strategic location and versatile design make it an ideal investment for businesses seeking high visibility and growth potential in a thriving Missouri market. The property is zoned for commercial use and is ready for immediate occupancy. Don't miss this chance to secure a highly functional and strategically located commercial property in the heart of Neosho. The zip code is 64850.

    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
    Neosho
    County
    Newton (MO)
    State
    Missouri
    Longitude
    -94.3770704
    Latitude
    36.852261

    Comparable in this City

    • $650,000
      8.93 Acres

      Commercial Land Near Interstate 49

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      12229 Hammer Rd, Neosho, MO 64850
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      5,166 SF

      Spacious Commercial Building in Neosho

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    • $1,095,000
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      High-Visibility Commercial Building with Drive-Thru

      Commercial building with drive-thru on 1.17 acres in Neosho.
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    • $1,095,000
      4,814 SF

      Versatile Commercial Building in Neosho

      Adaptable commercial space with high visibility and development potential.
      925 S Neosho Blvd, Neosho, MO 64850
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    • New
      $249,900
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      Versatile Commercial Space in Neosho

      Commercial space with office, retail, or storefront potential in Neosho.
      729 S Neosho Blvd, Neosho, MO 64850
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    • $825,000
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      Former Pizza Hut For Sale

      Highly visible commercial property suitable for restaurant or retail use.
      648 S Neosho Blvd, Neosho, MO 64850
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    Similar Nearby for Sale

    • $650,000
      8.93 Acres

      Commercial Land Near Interstate 49

      8.93+/- acres with commercial potential visible from I-49.
      12229 Hammer Rd, Neosho, MO 64850
      View Details
    • Contact for pricing
      5,166 SF

      Spacious Commercial Building in Neosho

      Over 5000 sq ft commercial building on two lots.
      308 N College St, Neosho, MO 64850
      View Details
    • $1,095,000
      4,814 SF

      High-Visibility Commercial Building with Drive-Thru

      Commercial building with drive-thru on 1.17 acres in Neosho.
      925 S Neosho Blvd, Neosho, MO 64850
      View Details
    • $1,095,000
      4,814 SF

      Versatile Commercial Building in Neosho

      Adaptable commercial space with high visibility and development potential.
      925 S Neosho Blvd, Neosho, MO 64850
      View Details
    • New
      $249,900
      1,210 SF

      Versatile Commercial Space in Neosho

      Commercial space with office, retail, or storefront potential in Neosho.
      729 S Neosho Blvd, Neosho, MO 64850
      View Details
    • $825,000
      1.17 Acres

      Former Pizza Hut For Sale

      Highly visible commercial property suitable for restaurant or retail use.
      648 S Neosho Blvd, Neosho, MO 64850
      View Details

    Similar Nearby for Lease

    • $833 /Mo
      353,272 SF

      Office/Retail Space in Neosho

      Flexible office/retail space with high visibility and ample parking.
      1090 S Neosho Blvd, Neosho, MO 64850
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    • $8 SF/Yr
      1,250 SF

      Visible Retail/Office Space Available

      High-traffic location with flexible layout and ample parking.
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    • Contact for pricing

      Retail Space Near Walmart

      3900sf retail space in high-traffic Neosho location.
      3201 Lusk Dr, Neosho, MO 64850
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    • $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
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    • $8 SF/Yr
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      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
    • $14 SF/Yr
      3,900 SF

      Retail Space Near Walmart

      Versatile retail space with high visibility and foot traffic.
      3201 Lusk Dr, Neosho, MO 64850
      View Details
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    16202 Highway 59
    Neosho, MO 64850
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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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    16202 Highway 59, Neosho, MO, 64850
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