West Sunshine Commercial Buildings For
For Sale
$795,000
1036 West Sunshine, Springfield, MO 65807
Two commercial buildings on West Sunshine Street available for sale.
Property Size8,928 SF
Price / SF$89.05
Days on Market272
Property Features for 1036 West Sunshine
General Information
Standard status
Active
Size
8,928 SF
Property subtype
Retail
Building Details
Building Size
8,928 SF
Year Built
1963
Listing Agency:
SVN | Rankin Company
(417) 818-8894
Listed By:
Lee McLean III, SIOR, CCIM
(417) 818-8894
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 20 at 5:38AM
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
Investment Insights
Based on property information with market context.
Two commercial buildings located on West Sunshine Street are available for purchase. The properties can be leased together or separately. The main building, formerly a church, features a large open room with a stage, a kitchenette/bar space, and six additional rooms or classrooms. Originally, this building housed Leong's Restaurant. The second building offers a wide open retail space with storage in the back. The property includes 44 parking spaces and is situated on a 0.739-acre lot. The building size totals 8,928 square feet, with available spaces ranging from 1,760 to 7,168 square feet. The zoning is Highway Commercial (HC). Neighboring businesses include Sonic, Maverik, The UPS Store, Guaranty Bank, Cox Health Clinic, Bank of America, Bass Pro Shops, Taco Bell, McDonald's, Starbucks, Chick-Fil-A, and Mercy Urgent Care, along with numerous other national and local businesses. Real estate taxes are $13,874.
Key Highlights
- Prime location on West Sunshine Street with high‑traffic visibility and accessibility.
- Versatile property offering options for leasing (together or separately) or purchase.
- Main building features a large open room with stage, kitchenette/bar, and multiple additional rooms, suitable for various commercial uses.
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
$66,443
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
8.36%
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%
$1,328,860
$1.3M
Cap Rate 7%
$949,186
$949.2K
Cap Rate 9%
$738,256
$738.3K
Market Conditions
NOI Build-Up for 8,928 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
$98.6K $11.04/SF
− Vacancy
−$3.6K −$0.41/SF
EGI
$94.9K $10.63/SF
− OpEx
−$28.5K −$3.19/SF
NOI
$66.4K $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 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%
$1,328,860
Cap Rate 7%
$949,186
Cap Rate 9%
$738,256
Alternative Uses
Best Use
Retail
$949.2K
$830.5K – $1.11M
NOI $66,443 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,327 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two commercial buildings on West Sunshine Street available for sale.
Where is this storefront property located?
The property is located at 1036 West Sunshine Springfield, MO.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Prime location on West Sunshine Street with **high‑traffic visibility and accessibility**.; Versatile property offering options for leasing (together or separately) or purchase.; Main building features a **large open room with stage, kitchenette/bar**, and multiple additional rooms, suitable for various commercial uses.
