Property profile

221 Cherry St Nevada, MO 64772

OFF-MARKET
Banks
Property ID
US48-1694613
46,104 SF 1.22 ac lot Built 1901
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional three-story brick office building, located at 221 W. Cherry St. in Nevada, Missouri, presents a unique investment opportunity. Boasting 76,500 square feet of space, this former office service center offers ample room for a growing company. The property includes existing cubicles, private office furniture, conference rooms, and other support areas, all situated on a 1.23-acre lot with 53 parking spaces. Conveniently located in the C-2 General Business District, this property provides easy access from three streets, including Cherry Street, US Route 54, and Interstate 49. Originally constructed for Farm & Home Savings and Loan, the building features a full basement and benefits from Vernon County's pro-business climate and access to a strong talent pool fueled by several local educational institutions including Cottey College, Crowder College, Midwest Welding Institute, and the Nevada Regional Technical Center. The asking price for this turnkey operation is $1,600,000. This is a rare chance to acquire a substantial, well-equipped office building in a thriving community.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1901
Total area 46,104 SF
Lot 1.22 ac (53,187 SF)
APN 18-2.0-04-304-000-112.000
UPID US48-1694613

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Atm

Location

221 Cherry St Nevada, MO 64772-3304
Nevada metro Census 950400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.09M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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