Automotive Property with
For Sale
$1,900,000
3111 S Springfield Avenue, Bolivar, MO 65613
Commercial Sale, Bolivar, MO
Property Size10,020 SF
Lot Size2.32 Acres
Price / SF$189.62
Days on Market205
Property Features for 3111 S Springfield Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
View
City
Directions
From HWY 13 and Springfield Ave go north to property on the left.
Standard status
Active
APN
89-11-0.6-13-000-000-040.01
Lot size
2.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 2.32 AC OF PT SE SE
Tax Annual Amount
4555
Legal Description
N 2.32 AC OF PT SE SE
Utilities
Utilities
Natural Gas Available
Amenities
showroom
offices
parts area
shop area
Building Details
Year built
1991
Roof type
Metal
Listing Agency:
Jones - Lassley Realty, Inc
(417) 581-6213
Listed By:
Shane L Nelson · License #4318
(417) 861-4556
Added: Feb 12
Changed: Sep 2
Last Checked: Sep 5 at 4:06PM
MLS# 60315196
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.
This automotive property includes a 10,020-square-foot building on 2.32 acres of paved lot area. The building contains a showroom, offices, wash bay, parts area, and multiple service bays. A metal roof and natural gas availability are also part of the property profile, and the building dates to 1991.
Located at 3111 S Springfield Avenue in Bolivar, the property is outside the city limits. Its existing automotive-oriented layout brings customer-facing, administrative, parts, washing, and service functions together within one facility.
Located at 3111 S Springfield Avenue in Bolivar, the property is outside the city limits. Its existing automotive-oriented layout brings customer-facing, administrative, parts, washing, and service functions together within one facility.
Key Highlights
- 10,020‑square‑foot automotive building
- 2.32 acres of paved lot area
- Showroom, offices, wash bay, and parts area
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
$74,569
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
3.92%
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%
$1,491,380
$1.5M
Cap Rate 7%
$1,065,271
$1.1M
Cap Rate 9%
$828,544
$828.5K
Market Conditions
NOI Build-Up for 10,020 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
$110.6K $11.04/SF
− Vacancy
−$4.1K −$0.41/SF
EGI
$106.5K $10.63/SF
− OpEx
−$32.0K −$3.19/SF
NOI
$74.6K $7.44/SF
Area
Polk County, 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%
$1,491,380
Cap Rate 7%
$1,065,271
Cap Rate 9%
$828,544
Alternative Uses
Best Use
Retail
$1.07M
$932.1K – $1.24M
NOI $74,569 @ 7.0% cap · market cap 3.92%
Second Best
Industrial
$459.1K
$401.7K – $535.6K
NOI $32,136 @ 7.0% cap · market cap 1.69%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,864 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
147k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 48%
Shops & Services 27%
Dining 14%
Home Improvements & Furnishings 8%
Walmart
Superstores
70,581 visits/mo
0.4 miles
Kum & Go
Shops & Services
20,206 visits/mo
0.3 miles
Wendy's
Dining
19,374 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,080 visits/mo
0.5 miles
Westlake Ace Hardware
Home Improvements & Furnishings
12,132 visits/mo
0.5 miles
Demographics for 65613, MO
17,890
Population
7,327
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
184.9 sq mi
ZIP Area
97
Density / Sq Mi
$56,919
Median Household Income
$31,765
Median Earnings
$828
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- A & J Towing & Auto Repair — 965 E Mt Gilead Rd, Bolivar, MO 65613
- U-Haul Neighborhood Dealer — 965 E Mt Gilead Rd, Bolivar, MO 65613
Frequently Asked Questions
What type of property is this?
Automotive property - Automotive facility with showroom, offices, wash bay, parts area, and multiple service bays.
Where is this automotive property located?
The property is located at 3111 S Springfield Avenue Bolivar, MO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 10,020‑square‑foot automotive building; 2.32 acres of paved lot area; Showroom, offices, wash bay, and parts area
