Flex Space with Dock-High
For Sale
$600,000
1430 W Kearney Street, Springfield, MO 65803
SINGLE_FAMILY - Springfield, MO
Property Size6,065 SF
Lot Size0.46 Acres
Price / SF$98.93
Days on Market309
Property Features for 1430 W Kearney Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
HC
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
N on Kansas. E on Kearney. Property on S.
Standard status
Active
APN
1311204006
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEG AT INT OF S LN KEARNEY & W LN GEO L COUSINS TR S 200 FT E 100 FT N 200 FT WTO BEG 11/29/22 (EX NEW R/W)
Tax Annual Amount
6604
Legal Description
BEG AT INT OF S LN KEARNEY & W LN GEO L COUSINS TR S 200 FT E 100 FT N 200 FT WTO BEG 11/29/22 (EX NEW R/W)
Building Details
Year built
1972
Number of units
1
Listing Agency:
Reece Commercial
(417) 882-5710
Listed By:
Sam R. Craft · License #2019042641
(417) 955-1232
Added: Oct 13, 2025
Changed: Jul 30
Last Checked: Aug 17 at 4:06PM
MLS# 60307175
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.
Investment Insights
Based on property information with market context.
Occupied single-tenant flex space at 1430 W Kearney Street, offering a building envelope designed for operational flexibility. Approximately +/- 2,760 SF is allocated to a steel-framed warehouse area with a loading dock and a 12x10 dock-high door, plus a 17 ft high-side eave height. The remaining +/- 3,305 SF is built out as retail.
The property includes a new roof installed in 2025 and is heated and cooled via forced air. Springfield-area trade area growth is supported by nearby development activity, and the location is tied to the April 2026 approved “Kearney Street Corridor Re-Development Plan” referenced in the remarks.
Site size is 0.46 acres, with traffic exposure noted at 34,544 AADT and a dedicated turning lane for access and movement. Built in 1972, the asset supports both warehouse-style loading needs and retail-ready space within the same structure.
The property includes a new roof installed in 2025 and is heated and cooled via forced air. Springfield-area trade area growth is supported by nearby development activity, and the location is tied to the April 2026 approved “Kearney Street Corridor Re-Development Plan” referenced in the remarks.
Site size is 0.46 acres, with traffic exposure noted at 34,544 AADT and a dedicated turning lane for access and movement. Built in 1972, the asset supports both warehouse-style loading needs and retail-ready space within the same structure.
Key Highlights
- Occupied single‑tenant flex building with +/- 2,760 SF warehouse and +/- 3,305 SF built‑out retail
- Steel‑framed warehouse with loading dock, 12x10 dock‑high door, and 17 ft high‑side eave height
- New roof in 2025 and forced air heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,136
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$902,720
$902.7K
Cap Rate 7%
$644,800
$644.8K
Cap Rate 9%
$501,511
$501.5K
Market Conditions
NOI Build-Up for 6,065 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.0K $11.04/SF
− Vacancy
−$2.5K −$0.41/SF
EGI
$64.5K $10.63/SF
− OpEx
−$19.3K −$3.19/SF
NOI
$45.1K $7.44/SF
Area
Springfield, MO
Vacancy
3.70%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$902,720
Cap Rate 7%
$644,800
Cap Rate 9%
$501,511
Alternative Uses
Best Use
Retail
$644.8K
$564.2K – $752.3K
NOI $45,136 @ 7.0% cap · market cap 7.52%
Second Best
Warehouse
$337.4K
$295.3K – $393.7K
NOI $23,620 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$915.4K
$801.0K – $1.07M
NOI $64,078 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
1
Dock-high doors
34,544 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Occupied single-tenant flex space with steel-framed warehouse loading and built-in retail area in Springfield’s HC zoning district.
Where is this flex space located?
The property is located at 1430 W Kearney Street Springfield, MO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Occupied single‑tenant flex building with +/- 2,760 SF warehouse and +/- 3,305 SF built‑out retail; Steel‑framed warehouse with loading dock, 12x10 dock‑high door, and 17 ft high‑side eave height; New roof in 2025 and forced air heating and cooling
