Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    630 W State St Springfield, MO 65806

    Sponsored
    For Sale
    $281,300

    MULTI_FAMILY - Springfield, MO

    Lot size:
    0.32 Acres
    Days on Market:
    23
    Last Refresh:
    Jan 20 at 5:06 pm

    Property Features for 630 W State St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    INC
    Rooms
    Dining Room
    APN
    1323425006
    Interior features
    Formal Dining
    Lot size
    0.32 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1883
    Number of units
    2

    We can help!

    Listing Contact
    Channler Gannon

    Greater Springfield, LLC (417) 881-3061 [email protected]

    Listing agent Channler Gannon (417) 773-9312

    Listing date Dec 29, 2025

    MLS# 60298313 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.

    Learn more

    Property Insight Report

    Overview

    Two Homes, One Springfield Lot

    This property features two residences situated on a single lot, presenting a potential investment opportunity. The main house has been updated and includes 3 bedrooms and 2 bathrooms. The upstairs apartment, accessible via a private entrance, contains 2 bedrooms and 1 bathroom. The property is located along the Grant Avenue Parkway, a 3-mile corridor that connects downtown to the Wonders of Wildlife Museum & Aquarium. Both units are currently rented, providing immediate income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -93.298311
    Latitude
    37.20211

    Nearby Similar for Sale

    • $449,900
      0.38 Acres

      Mixed-Use Property in Prime Location

      Versatile mixed-use property with office space and residential apartment.
      1213 Estate Ave E, Springfield, MO 65802
      View Details
    • $800,000
      0.82 Acres

      Prime Industrial Opportunity in Springfield

      Versatile industrial property with warehouse and renovated office space.
      2752 E Kearney St, Springfield, MO 65803
      View Details
    • $850,000
      0.11 Acres

      Historic C-Street Commercial Building

      Versatile commercial property in Springfield's Historic C-Street district.
      229 E Commercial St, Springfield, MO 65803
      View Details
    • $1,500,000
      11,050 SF

      Renovated Multifamily Property in Springfield

      Recently renovated 13-unit apartment building in Springfield, Missouri.
      2420 E Blaine St, Springfield, MO 65803
      View Details
    • New
      $1,375,000
      7,080 SF

      Renovated Multifamily Near MSU

      Six-unit apartment building near MSU with recent renovations.
      1315 E Elm St, Springfield, MO 65802
      View Details
    • $699,000
      0.44 Acres

      Historic Office Building in Springfield

      Converted office building in historic district near downtown and university.
      1201 E Walnut St, Springfield, MO 65802
      View Details
    • $425,000
      0.28 Acres

      Springfield Multifamily Townhomes For Sale

      Two connected townhomes in Springfield, Missouri, available together or separately.
      3749-3753 N Pickwick Ave, Springfield, MO 65803
      View Details
    • $989,000
      0.84 Acres

      Restored Office Building Near Sunshine

      Remodeled office building with modern amenities and convenient location.
      2049 S Brentwood Blvd, Springfield, MO 65804
      View Details
    • $225,000
      1,498 SF

      Springfield Multi-Family Investment Opportunity

      Three single-family homes in Springfield, MO, generating monthly rental income.
      1042-1052 Commercial St, Springfield, MO 65803
      View Details
    • $585,000
      0.11 Acres

      Historic C-Street Commercial Property

      Versatile commercial space in Springfield's Historic C-Street district.
      229 E Commercial St, Springfield, MO 65803
      View Details
    • $499,800
      0.13 Acres

      Springfield Multifamily Investment Opportunity

      Two 3-bedroom homes built in 2023, great investment opportunity.
      2644 N Prospect Ave, Springfield, MO 65803
      View Details
    • $549,000

      Springfield Office Suite with Media

      Versatile office suite with media production capabilities in Springfield.
      1531 E Bradford Pkwy, Springfield, MO 65804
      View Details

    FAQs

    What type of property is this?
    Duplex - Two residences on one lot, ideal investment opportunity.
    Where is this duplex located?
    The property is located at 630 W State St Springfield, MO.
    What is the asking price?
    The asking price for this property is $281,300.
    What are key features of this property?
    This property features: - Two residences on one lot: a 3 bed/2 bath house and a 2 bed/1 bath apartment offer immediate rental income and investment potential.; - Prime location along the Grant Avenue Parkway, a new 3-mile multi-use corridor connecting downtown to Wonders of Wildlife Museum & Aquarium.; - Updated main home features 3 bedrooms and 2 baths.
    (417) 773-9312
    Request Owner's contact information
    630 W State St Springfield, MO 65806
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    630 W State St
    Springfield, MO 65806
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    630 W State St Springfield, MO 65806
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Channler Gannon
    Real Estate License ID: 2021005275
    (417) 773-9312
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.