Multi-Tenant Mixed-Use
For Sale
$2,550,000
5601 S Campbell Avenue, Springfield, MO 65810
Commercial Sale, Springfield, MO
Property Size17,200 SF
Lot Size7.34 Acres
Price / SF$148.26
Days on Market40
Property Features for 5601 S Campbell Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PAD
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 8, Bathroom 5, Bathroom 9, Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 1, Bathroom 7, Bathroom 10, Bathroom 3
Parking features
Garage - Attached, Parking Lot
Lot features
Wooded
View
City
Directions
South on Campbell from Weaver Rd. property on West side of the road.
Standard status
Active
APN
1823400469
Lot size
7.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
4.72A M/L BEG 1257.11 FT N & 38.65 FT W SE COR W 1307 FT N 144.56 FT E 1307 FT S TO BEG 23/28/22 & 2.62A M/L Beg 1039.17 Ft N 941.03 Ft W Se Cor Se1/4 W 328.02 Ft N 196.45 Ft E 597.8 Ft S 181.82 Ft W 282.8 Ft S 25 Ft To Beg 23/28/22
Tax Annual Amount
18212
Legal Description
4.72A M/L BEG 1257.11 FT N & 38.65 FT W SE COR W 1307 FT N 144.56 FT E 1307 FT S TO BEG 23/28/22 & 2.62A M/L Beg 1039.17 Ft N 941.03 Ft W Se Cor Se1/4 W 328.02 Ft N 196.45 Ft E 597.8 Ft S 181.82 Ft W 282.8 Ft S 25 Ft To Beg 23/28/22
Utilities
Utilities
Water Available
Building Details
Year built
1979
Roof type
Flat
Listing Agency:
Keller Williams Local · Keller Williams Realty
(417) 883-4900
Listed By:
Adam Graddy · License #2004014961
(417) 501-5091
Added: Jul 20
Changed: Aug 20
Last Checked: Aug 28 at 9:06AM
MLS# 60329286
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 mixed-use commercial property combines office and retail space within a multi-tenant building totaling nearly 17,200 square feet. The property includes 9 leased suites and 1 additional suite available for an owner-user. Physical improvements include three garage stalls, an asphalt parking area, a flat roof replaced in 2021, and two HVAC systems added in 2023. The building was constructed in 1979 and has PAD zoning.
Located on South Campbell Avenue in Springfield, the property has Campbell Avenue frontage, a pole sign, and water available. Approximately 5 acres behind the building are included with preliminary plats for potential self-storage or contractor garage development. Attached garage parking and a separate parking lot support tenant and customer access.
Located on South Campbell Avenue in Springfield, the property has Campbell Avenue frontage, a pole sign, and water available. Approximately 5 acres behind the building are included with preliminary plats for potential self-storage or contractor garage development. Attached garage parking and a separate parking lot support tenant and customer access.
Key Highlights
- 7.34‑acre mixed‑use property with nearly 17,200 square feet
- 9 leased suites and 1 suite available for an owner‑user
- South Campbell Avenue frontage with pole sign
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
$136,292
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
5.34%
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%
$2,725,840
$2.7M
Cap Rate 7%
$1,947,029
$1.9M
Cap Rate 9%
$1,514,356
$1.5M
Market Conditions
NOI Build-Up for 17,200 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
$189.9K $11.04/SF
− Vacancy
−$8.2K −$0.47/SF
EGI
$181.7K $10.57/SF
− OpEx
−$45.4K −$2.64/SF
NOI
$136.3K $7.92/SF
Area
Springfield, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,725,840
Cap Rate 7%
$1,947,029
Cap Rate 9%
$1,514,356
Alternative Uses
Best Use
Office B
$1.95M
$1.70M – $2.27M
NOI $136,292 @ 7.0% cap · market cap 5.34%
Second Best
Mixed Use
$1.84M
$1.61M – $2.14M
NOI $128,678 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,723 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 65810, MO
23,168
Population
10,022
Households
2.3
Avg Household Size
42
Median Age
47%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
1,931
Density / Sq Mi
$90,562
Median Household Income
$50,155
Median Earnings
$1,109
Median Rent
$282,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail suites include an additional space for an owner-user.
Where is this mixed-use property located?
The property is located at 5601 S Campbell Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 7.34‑acre mixed‑use property with nearly 17,200 square feet; 9 leased suites and 1 suite available for an owner‑user; South Campbell Avenue frontage with pole sign
