Automotive Property with Drive-In
New
For Sale
$195,000
1008 E Kearney St, Springfield, MO 65803
Masonry construction and a partially gated lot support an established auto-retail use along Kearney Street.
Property Size1,814 SF
Lot Size0.12 Acres
Price / SF$107.50
Days on Market1
Property Features for 1008 E Kearney St
General Information
Standard status
Active
Size
1,814 SF
Lot size
0.12 Acres
Property subtype
Retail
Site & Location
Pylon Signage
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Asking Price
$195,000
Amenities
two drive-in doors
pylon sign
Building Details
Building Size
1,814 SF
Year Built
1930
Buildings
1
Construction
cinderblock
Listing Agency:
SVN | Rankin Company
Listed By:
Lee McLean III, SIOR, CCIM
(417) 818-8894
Source:
Commercialcafe
Added: Oct 19
Last Checked: Oct 19 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Rankin Company
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Investment Insights
Based on property information with market context.
At 1008 E Kearney St, this 1,814-square-foot automotive property occupies 0.1229 acres. The 1930 building has cinderblock construction, two drive-in doors, and a pylon sign, with a partially gated lot completing the site configuration.
The property sits along Kearney Street, minutes from Glenstone Avenue in Springfield. Nearby businesses include Walmart Supercenter, DoubleTree by Hilton, Hiland Dairy Foods Company, A-1 Custom Muffler Shops, Chick-fil-A, BigShots Golf, Whataburger, and 7 Brew Coffee. The area includes both established businesses and more recent development.
The property sits along Kearney Street, minutes from Glenstone Avenue in Springfield. Nearby businesses include Walmart Supercenter, DoubleTree by Hilton, Hiland Dairy Foods Company, A-1 Custom Muffler Shops, Chick-fil-A, BigShots Golf, Whataburger, and 7 Brew Coffee. The area includes both established businesses and more recent development.
Key Highlights
- 1,814 ± SF building on 0.1229 acres
- Cinderblock construction with two drive‑in doors
- Pylon sign and partially gated lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,500
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,000
$270.0K
Cap Rate 7%
$192,857
$192.9K
Cap Rate 9%
$150,000
$150.0K
Market Conditions
NOI Build-Up for 1,814 SF
Gross rent
$20.0K $11.04/SF
− Vacancy
−$741 −$0.41/SF
EGI
$19.3K $10.63/SF
− OpEx
−$5.8K −$3.19/SF
NOI
$13.5K $7.44/SF
Area
Springfield, 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 Rate 5%
$270,000
Cap Rate 7%
$192,857
Cap Rate 9%
$150,000
Alternative Uses
Best Use
Retail
$192.9K
$168.8K – $225.0K
NOI $13,500 @ 7.0% cap · market cap 6.92%
Second Best
Industrial
$83.1K
$72.7K – $97.0K
NOI $5,818 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$273.8K
$239.6K – $319.4K
NOI $19,165 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Stewart Auto Services — 521 E Commercial St, Springfield, MO 65803
- Motor Machine Shop — 706 E Commercial St, Springfield, MO 65803
- B&T automotive — 1038 E Blaine St, Springfield, MO 65803
- A&E Collision & More — 1314 E Atlantic St, Springfield, MO 65803
- Lorenz Service Center — 1462 E Florida St, Springfield, MO 65803
Frequently Asked Questions
What type of property is this?
Auto shop - Masonry construction and a partially gated lot support an established auto-retail use along Kearney Street.
Where is this auto shop located?
The property is located at 1008 E Kearney St Springfield, MO.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,814 ± SF building on 0.1229 acres; Cinderblock construction with two drive‑in doors; Pylon sign and partially gated lot
