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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    228 Neosho Blvd Neosho, MO 64850-1646

    • Strip malls
    • 5,928 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2166008
    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.

    Current Use by Public Records

    • The Insurance Store / Insurance Agency / Auto Insurance Agency

    Property Details for 228 Neosho Blvd

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.62 lot acres
    Property size
    5,928 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    16-6.0-24-004-020-014.000
    APU
    166024004020014000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $530,000
      MEDICAL BUILDING
      $440,000
      WAREHOUSE, STORAGE
      $355,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Neosho
    County
    Newton
    State
    Missouri
    Longitude
    -94.3816
    Latitude
    36.8682
    CBSA code
    27900
    CBSA name
    JOPLIN, MO METROPOLITAN STATISTICAL AREA

    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
    2023
    $4,729
    $21,153
    $59,137
    $80,290
    -
    $66,100
    $184,800
    $250,900

    Comparable in this City

    • Value Estimation
      $740,000
      32,207 SF

      Neosho, MO 64850

      SHOPPING CENTER, STRIP CENTER • 32,207 SF
      Neosho, MO 64850
      View Details
    • Value Estimation
      $360,000
      14,131 SF

      3310 Hwy 71

      SHOPPING CENTER, STRIP CENTER • 14,131 SF
      3310 Hwy 71, Neosho, MO 64850-7753
      View Details
    • Value Estimation
      $285,000
      5,658 SF

      Neosho, MO 64850

      SHOPPING CENTER, STRIP CENTER • 5,658 SF
      Neosho, MO 64850
      View Details
    • Value Estimation
      $295,000
      7,140 SF

      1721 La Questa Dr

      SHOPPING CENTER, STRIP CENTER • 7,140 SF
      1721 La Questa Dr, Neosho, MO 64850-9075
      View Details
    • Value Estimation
      $300,000
      4,678 SF

      3051 Lusk Dr

      SHOPPING CENTER, STRIP CENTER • 4,678 SF
      3051 Lusk Dr, Neosho, MO 64850-7781
      View Details
    • Value Estimation by Request

      1096 Neosho Blvd

      Lifestyle centers
      1096 Neosho Blvd, Neosho, MO 64850
      View Details

    Similar Nearby for Sale

    • $825,000
      Pending

      Retail Building in High-Traffic Area

      2,400 SF retail building in a busy Neosho location.
      13044 Hammer Rd, Neosho, MO 64850
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    • $825,000
      3,828 SF

      Neosho Commercial Building For Sale

      Former Pizza Hut suitable for restaurant, retail, or office conversion.
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    • New
      $899,999
      3,100 SF

      Turnkey Mechanic Shop For Sale

      Profitable diesel mechanic shop with high visibility near I-49.
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    • $249,900
      3,350 SF

      Versatile Commercial Building on Highway Frontage

      3350 sq ft building on 2.85 acres with highway frontage.
      8637 Oxbow Ln, Neosho, MO 64850
      View Details
    • $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
    • $150,000
      560 SF

      Updated Commercial Building on Business 49

      Move-in ready commercial building suitable for retail or office use.
      1577 N Business 49, Neosho, MO 64850
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      1,200 SF

      Retail/Office Space in Neosho

      Office or retail space in high-traffic strip center.
      1110 W Harmony St, Neosho, MO 64850
      View Details
    • $216 SF/Yr
      3,900 SF

      Neosho, MO Retail Space Near Walmart

      High-traffic retail space, 3900 sq ft.
      3201 Lusk Dr, Neosho, MO 64850
      View Details
    • $18 SF/Yr
      3,900 SF

      Retail Space Near Walmart

      Retail space adjacent to Walmart with high visibility and traffic.
      3201 Lusk Dr, Neosho, MO 64850
      View Details
    • $8 SF/Yr
      4,065 SF

      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
    • $8 SF/Yr
      15,785 SF

      Neosho Retail/Showroom/Industrial Space

      Flexible retail space available in Neosho, Missouri.
      1160 S Neosho Blvd, Neosho, MO 64850
      View Details
    • $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
      View Details
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    228 Neosho Blvd
    Neosho, MO 64850-1646
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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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