Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Farm Road 134 lot 3 Springfield, MO 65802

    View on Map
    Claim this Listing
    For Sale
    $275,000

    LAND - Springfield, MO

    Lot size:
    5.04 Acres
    Added:
    Sep 18, 2024
    Days on Market:
    572
    Last Refresh:
    Apr 12 at 11:06 pm

    Property Features for Farm Road 134 lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1119100025
    Lot size
    5.04 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Per Plat Map Lot 3

    We can help!

    Listing Contact
    Adam Graddy
    Adam Graddy

    Listing agent Adam Graddy License #2004014961

    Listing office Keller Williams 1619 E. Independence St., Springfield, MO

    Listing date Sep 18, 2024

    MLS# 60278085

    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

    Land in East Springfield

    This 5.04-acre land parcel is located in East Springfield, offering a suitable location for building. The property is situated near Costco, Hickory Hills Country Club, and Menards. It is located within the Strafford school district. An adjacent 5.09-acre parcel is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.162194
    Latitude
    37.204067

    Nearby Similar for Sale

    • $385,000

      Historic Springfield Bank Building

      Iconic mid-century modern building with commercial potential in Springfield.
      532 E Walnut Street, Springfield, MO 65806
      View Details
    • $699,000

      Updated Office on High-Traffic Street

      Remodeled Class B office building on a busy commercial corridor.
      2760 E Sunshine Street, Springfield, MO 65804
      View Details
    • $5,000,000

      Commercial Property in Active Corridor

      High-visibility commercial property in Springfield's active commercial corridor.
      3340 E Cherry Street, Springfield, MO 65802
      View Details
    • $16

      Commercial Property in Active Corridor

      Visible and accessible commercial property in a high-traffic Springfield location.
      3340 E Cherry Street, Springfield, MO 65802
      View Details
    • $13

      Retail/Cafe Space in Parkcrest Center

      Turnkey retail/cafe space in established Springfield shopping center.
      3857 S Campbell Avenue unit: B,C,D, Springfield, MO 65807
      View Details
    • $950,000

      Freestanding Office Building on Kearney

      7,007 SF office building on 1.44 acres for sale.
      2212 W Kearney Street, Springfield, MO 65803
      View Details
    • $839,900

      Class-A Office Condominium For Sale

      Turnkey 3,515 SF office space in Bradford Place Condominiums.
      1531 E Bradford Parkway unit: 300/330, Springfield, MO 65804
      View Details
    • $490,000

      Class-A Office Suite For Sale

      Prestigious office condominium near James River Freeway, Springfield.
      1531 E Bradford Parkway unit: 300, Springfield, MO 65804
      View Details
    • $950,000

      Commercially Zoned Lot For Sale

      Commercially zoned lot near Glenstone & Kearney intersection.
      1534 E Kearney Street, Springfield, MO 65803
      View Details
    • $989,000

      Restored Office Building Near Sunshine

      Remodeled office building with modern amenities and convenient location.
      2049 S Brentwood Boulevard, Springfield, MO 65804
      View Details
    • $350,000

      Battlefield Road Office Opportunity

      Two office properties on Battlefield Road, Springfield, Missouri.
      1106& 1116 W Battlefield, Springfield, MO 65807
      View Details
    • $349,900

      Bradford Place Office Suite

      Turnkey office suite in a professionally managed condominium setting.
      1531 E Bradford Parkway unit: 330, Springfield, MO 65804
      View Details

    FAQs

    What type of property is this?
    Land - 5.04 acre land parcel in a desirable location.
    Where is this land located?
    The property is located at Farm Road 134 lot 3 Springfield, MO.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 5.04 acre lot suitable for building.; Excellent location in East Springfield.; Close proximity to Costco, Hickory Hills Country Club, and Menards.
    (417) 501-5091
    We can help!
    Listing Contact
    Adam Graddy
    Adam Graddy
    Real Estate License ID: 2004014961
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!