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    1531 E Bradford Pkwy, Unit 202 Springfield, MO 65804

    View on Map
    Sponsored
    For Lease
    $1,000 /Mo

    COMMERCIAL - Springfield, MO

    Type:Office
    Property size:
    450 SF
    Days on Market:
    1
    Last Refresh:
    Mar 10 at 2:06 am

    Property Features for 1531 E Bradford Pkwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Office
    Rooms
    Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 6
    APN
    1907101304
    Parking features
    Carport
    Size
    450 SF

    Utilities

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

    Building Details

    Year built
    2002
    Roof type
    Composition

    We can help!

    Listing Contact
    Donna Cleous
    Donna Cleous

    Murney Associates, LLC (417) 575-1205

    Listing agent Donna Cleous (417) 823-2300

    Listing date Mar 10, 2026

    MLS# 60317523

    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.

    Learn more

    Property Insight Report

    Overview

    Class-A Office Suite Available

    An executive office suite is available for lease within the Class-A Bradford Place Office Condominiums. The suite, encompassing approximately 450 square feet, includes two generously sized office areas suitable for various professional applications. The front office is designed to function as a reception or waiting area and features a built-in coffee bar. A spacious private office benefits from natural light and glass windows that overlook the building's common lobby. The suite features decor and abundant windows, creating a bright workspace. An adjacent shared outdoor terrace provides a space for breaks or informal meetings. Located on the second floor, the building is ADA-compliant and equipped with a glass elevator. The property is situated near James River Freeway, offering access to Springfield's Medical Mile and major office district. The modified full-service gross lease includes CAM, taxes, insurance, utilities, and janitorial services, with the landlord covering these expenses (base year for expenses). This office opportunity in a location is scheduled to be available for occupancy in June of 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alitin, Inc (Bike/Boat/Book/etc) Store Ginger Holczer, PsyD Physician Creative Renewal & Resolutions Physician Simplicity Insurance Agency, ... Insurance Agency Dr. Larry W. ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    -93.268313
    Latitude
    37.146049

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    FAQs

    What type of property is this?
    Office units - Executive office suite in Bradford Place Office Condominiums for lease.
    Where is this office units located?
    The property is located at 1531 E Bradford Pkwy, Unit 202 Springfield, MO.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: - Prestigious class-a office condominium in a highly sought-after location.; - Enjoy a turnkey, modified full-service gross lease that includes CAM, taxes, insurance, utilities, and janitorial.; - Convenient access to James River Freeway, Springfield's Medical Mile, and major office district.
    (417) 823-2300
    Request Owner's contact information
    1531 E Bradford Pkwy, Unit 202 Springfield, MO 65804
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    Springfield, MO 65804
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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
    1531 E Bradford Pkwy, Unit 202 Springfield, MO 65804
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    We can help!
    Listing Contact
    Donna Cleous
    Donna Cleous
    Real Estate License ID: 1999012026
    (417) 823-2300 (417) 880-2512
    Learn more
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