Mixed-Use Property with Upstairs
1111 E Walnut Street, Springfield, MO 65806
For Sale
$269,900
The two-level layout combines office rooms below with a separate residential suite above.
Property Size1,853 SF
Price / SF$145.66
Days on Market163
Property Features for 1111 E Walnut Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Mixed-Use Components
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
ReeceNichols - Springfield
(417) 883-6666
Listed By:
Tasha N Byrne
(417) 496-0352
Source:
Cappyharrisrealtors
Added: May 29
Changed: Nov 6
Last Checked: Nov 7 at 1:38AM
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 ReeceNichols - Springfield
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Investment Insights
Based on property information with market context.
This two-level mixed-use property pairs ground-floor office space with an apartment on the upper level. The office floor includes a reception area, two offices, a kitchenette, and a half bathroom. Upstairs, a separate exterior entrance leads to a two-bedroom apartment with a full bath, kitchen, and loft living area. Recent interior work includes fresh paint and new carpet. The property may also be configured for residential use or full-time office occupancy.
A private parking area accommodates 6–8 cars, with additional street parking along the frontage. The property is within walking distance of Missouri State University, shops, and restaurants. Located on Walnut Street, it is zoned INC.
A private parking area accommodates 6–8 cars, with additional street parking along the frontage. The property is within walking distance of Missouri State University, shops, and restaurants. Located on Walnut Street, it is zoned INC.
Key Highlights
- Office area with reception space, two offices, kitchenette, and half bath
- Separate upstairs apartment has 2 bedrooms, a full bath, kitchen, and loft living space
- Private parking for 6‑8 cars, plus street‑front parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,683
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,660
$293.7K
Cap Rate 7%
$209,757
$209.8K
Cap Rate 9%
$163,144
$163.1K
Market Conditions
NOI Build-Up for 1,853 SF
Gross rent
$20.5K $11.04/SF
− Vacancy
−$880 −$0.47/SF
EGI
$19.6K $10.57/SF
− OpEx
−$4.9K −$2.64/SF
NOI
$14.7K $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 Rate 5%
$293,660
Cap Rate 7%
$209,757
Cap Rate 9%
$163,144
Alternative Uses
Best Use
Office B
$209.8K
$183.5K – $244.7K
NOI $14,683 @ 7.0% cap · market cap 5.44%
Second Best
Mixed Use
$198.0K
$173.3K – $231.1K
NOI $13,863 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$279.7K
$244.7K – $326.3K
NOI $19,577 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
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Business Placement
Demographics for 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
Median Home Value
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Market
Properties on Market for Mixed-use properties in Springfield
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The two-level layout combines office rooms below with a separate residential suite above.
Where is this mixed-use property located?
The property is located at 1111 E Walnut Street Springfield, MO.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Office area with reception space, two offices, kitchenette, and half bath; Separate upstairs apartment has 2 bedrooms, a full bath, kitchen, and loft living space; Private parking for 6‑8 cars, plus street‑front parking
