Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1305 S Glenstone Avenue Springfield, MO 65804

    View on Map
    For Lease
    $1,500 /Mo

    COMMERCIAL - Springfield, MO

    Type:Retail
    Property size:
    1,600 SF
    Lot size:
    0.50 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    23
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 1305 S Glenstone Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    1230122001
    Size
    1,600 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    7883

    Utilities

    Utilities
    Water Available
    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Adam Graddy
    Adam Graddy

    Listing agent Adam Graddy License #2004014961

    Listing office Keller Williams 1619 E. Independence St., Springfield, MO

    Listing date Mar 10, 2026

    MLS# 60317588

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Glenstone Avenue Retail Space

    This commercial space, approximately 1,600 square feet, is available for lease on Glenstone Avenue, a primary retail and commercial corridor in Springfield, Missouri. The suite includes a large, open main area, a utility room, and one restroom. The layout provides flexibility for various retail, office, or service uses. The property benefits from a high-visibility location with significant daily traffic and convenient access for customers and employees. The open layout allows tenants to customize the space to fit their business needs. This location offers an opportunity for businesses seeking a central Springfield location with exposure along Glenstone Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Renegade Jiu Jitsu Training Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.262699
    Latitude
    37.190909

    Nearby Similar for Lease

    • Contact for pricing

      Retail/Office Space in Springfield

      800 SF retail/office space in high-traffic shopping center.
      1718 E Meadowmere Street, Springfield, MO 65804
      View Details
    • Contact for pricing

      Downtown Springfield Retail & Office

      Remodeled retail and office space in downtown Springfield.
      324 Park Central W, Springfield, MO 65806
      View Details
    • Contact for pricing

      Updated Office Building For Lease

      Updated office building in central Springfield location, ideal for businesses.
      1759 E Elm Street, Springfield, MO 65802
      View Details
    • Contact for pricing

      Downtown Springfield Retail & Office

      Remodeled retail and office space in downtown Springfield.
      324 Park Central W unit: 110-114, Springfield, MO 65806
      View Details
    • Contact for pricing

      Class-A Office Suite Available

      Executive office suite in Bradford Place Office Condominiums for lease.
      1531 E Bradford Parkway unit: 202, Springfield, MO 65804
      View Details
    • Contact for pricing

      Downtown Springfield Retail/Office Space

      Remodeled retail and office space in downtown Springfield.
      324 Park Central W unit: 114, Springfield, MO 65806
      View Details
    • $16/mo

      Retail/Showroom Opportunity on Glenstone Corridor

      High-traffic location with showroom layout and enhanced security.
      1868 S Glenstone Avenue, Springfield, MO 65804
      View Details
    • Contact for pricing

      Downtown Springfield Office Space Available

      Remodeled office space in downtown Springfield with high foot traffic.
      324 Park Central W unit: 112, Springfield, MO 65806
      View Details
    • $12/mo

      Storefront Space in Parkcrest Center

      2,200 SF retail space in established Springfield shopping center.
      3833 S Campbell Avenue, Springfield, MO 65807
      View Details
    • Contact for pricing

      Springfield Office Space For Lease

      Professional office space in a convenient West Springfield location.
      3737-B W Chestnut Expressway, Springfield, MO 65802
      View Details
    • $85,322/mo

      Medical/Office Suite on Sunshine Street

      4,612 SF medical/office suite on East Sunshine, Springfield, MO.
      2730 E Sunshine Street, Springfield, MO 65804
      View Details
    • $11/mo

      Retail Space Near High-Traffic Intersection

      Retail space in a desirable, high-traffic Springfield location.
      1300 E Sunshine Street unit: A, Springfield, MO 65804
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial space on a primary retail corridor in Springfield, MO.
    Where is this retail space located?
    The property is located at 1305 S Glenstone Avenue Springfield, MO.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: High visibility location on Glenstone Ave, a primary retail and commercial corridor.; Approximately 1,600 SF of customizable commercial space.; Large open main area suitable for various retail, office, or service uses.
    (417) 501-5091
    We can help!
    Listing Contact
    Adam Graddy
    Adam Graddy
    Real Estate License ID: 2004014961
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!