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    3340 E Cherry Street Springfield, MO 65802

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    SINGLE_FAMILY - Springfield, MO

    Type:Office
    Lot size:
    3.16 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 2 at 5:06 am

    Property Features for 3340 E Cherry Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2
    Standard status
    Active
    APN
    1221401019
    Lot size
    3.16 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    CHERRY STREET CONDOMINIUMS 2ND ADDITION LOT 2
    TaxAnnualAmount
    58752

    Utilities

    Utilities
    Water Available
    Heating system
    Floor Furnace
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2008
    Roof type
    Flat

    We can help!

    Listing Contact
    Brent Cantrell
    Brent Cantrell

    Listing agent Brent Cantrell License #2003032115

    Listing office Cantrell Real Estate 4136 South McCann Court, Springfield, MO

    Listing date Apr 1, 2026

    MLS# 60319585

    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

    Commercial Property in Active Corridor

    Located in one of Springfield's most active commercial corridors, this property at 3340 E Cherry St offers a strong opportunity for owner-users or investors seeking visibility and accessibility. Situated just east of Glenstone Avenue, the site benefits from steady traffic counts, established surrounding businesses, and convenient access to major thoroughfares. The property features a functional layout that can accommodate a variety of business uses, with flexibility for office, retail, or service-based operations. Ample on-site parking and clear frontage provide ease of access for both customers and employees. Surrounded by national and local retailers, medical offices, and professional services, this location supports long-term business stability and growth. Its central position within Springfield allows for efficient access to key areas of the city, making it an ideal choice for businesses looking to serve a broad customer base. The lot size is 3.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Summit Finance Group Loan Service Spaces General Contracting Construction Company Communication Solutions Telecommunications Service Spaces Solar Solar Energy Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.227921
    Latitude
    37.199134

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    FAQs

    What type of property is this?
    Office units - Visible and accessible commercial property in a high-traffic Springfield location.
    Where is this office units located?
    The property is located at 3340 E Cherry Street Springfield, MO.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: High‑visibility location on E Cherry St, near Glenstone Avenue in a busy commercial corridor.; Functional layout suitable for diverse business types (office, retail, service).; Ample on‑site parking and clear frontage for easy customer and employee access.
    (417) 425-0214
    We can help!
    Listing Contact
    Brent Cantrell
    Brent Cantrell
    Real Estate License ID: 2003032115
    Learn More
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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
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