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    1815 N Glenstone Ave Springfield, MO 65803

    For Sale
    $450,000

    Retail - Springfield, MO

    Type:Retail
    Property size:
    3,034 SF
    Lot size:
    0.74 Acres
    Days on Market:
    172
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 1815 N Glenstone Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    INC
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    1207415038
    Exterior features
    Fencing
    Fencing
    Fenced
    Size
    3,034 SF
    Lot size
    0.74 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1984
    Number of units
    1
    Roof type
    Composition
    Architectural style
    Other

    Greater Springfield Realty, LLC (Keller Williams) (417) 883-4900 [email protected]

    Listing agent Adam Graddy (417) 883-4900 License #2004014961

    Listing date Jun 18, 2025

    MLS# 60297382 Listing URL

    Copyright © 2025 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

    Freestanding Retail Building on Glenstone

    This 3,034 square foot freestanding retail or restaurant building is located on a 0.74-acre signalized corner lot along Glenstone Avenue in Springfield, Missouri. Glenstone Avenue is a busy thoroughfare with daily traffic counts exceeding 32,000 vehicles per day. The property is zoned HC and offers maximum exposure and accessibility with three ingress/egress points and full drive-thru capability. The building is serviced by three HVAC units and has access to gas, electric, public water/sewer, and high-speed internet. The site offers ample surface parking and features a new HVAC. The property is currently leased to Purcell Tire with a 3-year lease and three 3-year extensions, with 2.5% increases each year. The first year rent is $42,000 NNN annually. The property is offered at a 9.3 CAP rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Affordable Cars Used Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.261643
    Latitude
    37.230615

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    FAQs

    What type of property is this?
    Automotive property - High-traffic location with drive-thru and redevelopment potential.
    Where is this automotive property located?
    The property is located at 1815 N Glenstone Ave Springfield, MO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - High-traffic location on Glenstone Ave with over 32,000 vehicles per day.; - Existing tenant (Purcell Tire) with a lease in place providing immediate income.; - High CAP rate of 9.3%.
    (417) 883-4900
    Request Owner's contact information
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    Springfield, MO 65803
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    Realmo Value Estimation

    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.

    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.

    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
    1815 N Glenstone Ave Springfield, MO 65803
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