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    413 Lincoln Ave West Plains, MO 65775

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    413 Lincoln Ave West Plains, MO 65775

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    • Retail space
    • 5,085 SF
    • 0.39 lot acres
    Off-Market
    Property ID
    US48-3000915
    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

    • Retail space

    Property Details for 413 Lincoln Ave

    Year built
    1945
    Lot size
    0.39 lot acres
    Property size
    5,085 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    155021000301600300000

    Description

    This 5,085-square-foot storefront, located at 413 Lincoln Ave in West Plains, Missouri, presents a compelling investment opportunity. Built in 1945, this single-story, steel-frame and concrete structure sits on a 0.39-acre lot and offers ample parking for five vehicles. The property features a versatile layout including a showroom, two offices, two bathrooms, and a substantial warehouse area. Adding to its functionality are two 12-foot overhead doors and upstairs storage space. Previously, a portion of the building served as a car wash. Its prime downtown location near the Howell County Court Square in West Plains, a growing community with strong healthcare (Ozark Healthcare) and educational (Missouri State University-West Plains) infrastructure, ensures high visibility and accessibility. The asking price for this vacant retail property is $299,900. The property's APN is 155021000301600300000. This exceptional opportunity allows for immediate occupancy and the potential to tailor the space to a wide range of business needs.

    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
    West Plains
    County
    Howell
    State
    Missouri
    Longitude
    -91.8553013
    Latitude
    36.7317215

    Comparable in this City

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      Warehouse with Railroad Spur Access

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    Similar Nearby for Sale

    • $1,250,000

      West Plains Retail Opportunity

      Charming commercial building with retail and potential living space.
      1282 County Road 8690, West Plains, MO 65775
      View Details
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      2,000 SF

      Thriving Bakery, Catering, and Floral

      Turnkey business opportunity with established reputation and prime location.
      210 Jan Howard Expy, West Plains, MO 65775
      View Details
    • Contact for pricing
      24,260 SF

      Warehouse with Railroad Spur Access

      24,260 SF warehouse on 3.42 acres with railroad access.
      130 N Howell Ave, West Plains, MO 65775
      View Details
    • $149,900
      1,500 SF

      New Shop Building with RV Hookup

      New 1500 sq ft shop with RV hookup.
      4007 State Route 14, West Plains, MO 65775
      View Details
    • Contact for pricing
      11,000 SF

      Retail Space with Development Potential

      Versatile retail space offering numerous possibilities for commercial development.
      3711 Us Highway 63, West Plains, MO 65775
      View Details
    • Contact for pricing
      8,300 SF

      West Plains Retail Investment

      Retail space with established operating history and corner lot.
      1308 Porter Wagoner Blvd, West Plains, MO 65775
      View Details
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    413 Lincoln Ave
    West Plains, MO 65775
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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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