221 Cherry St, Nevada, MO 64772-3304
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.
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U.S. Bank Bank Loan Service
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ATM (U.S. Bank) Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.