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    509 W Olive St, Unit 101 Springfield, MO 65806

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    For Lease
    $12 SF/Yr ($3,220 /Mo)

    3,220 SF office space in the heart of downtown Springfield.

    Property size:
    3,220 SF
    Lot size:
    3,220 SF

    Property Features for 509 W Olive St

    General Information

    Size
    3,220 SF

    Building Details

    Year built
    1926

    Source: Jack Rankin Agent Jack Rankin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Springfield Office Space Available

    This 3,220 SF office space is available for lease at 509 W Olive in downtown Springfield. The office space includes a reception area, kitchenette, and a large conference room. It also features cubicles, two restrooms, and an IT/Storage closet. A large bull pen area provides space suitable for a variety of uses. The property is located near the corner of Main Street and Olive, in the heart of downtown Springfield, seconds from Park Central Square. The location is near local and state businesses including the Missouri Department of Revenue, Springfield License Office, the History Museum, Civil Kitchen, Moxie Cinema, Classic Rock Coffee, and Paragon Architecture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Awaken Healing + Massage Thai Massage Therapist Schilling Sellmeyer & Associates Advertising Agency Bodhi Tree Massage ... Massage Therapist Ohm Restoration Roofing Contractor Cecopex Porta Portable Toilet Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2957145
    Latitude
    37.2099914

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    FAQs

    What type of property is this?
    Office space - 3,220 SF office space in the heart of downtown Springfield.
    Where is this office space located?
    The property is located at 509 W Olive St, Unit 101 Springfield, MO.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - 3,220 SF office space suitable for a variety of uses; - Prime downtown Springfield location, seconds from Park Central Square; - Features a large conference room and a large bull pen area
    (417) 860-9951
    Request Owner's contact information
    509 W Olive St, Unit 101 Springfield, MO 65806
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    Springfield, MO 65806
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    Realmo Value Estimation

    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.

    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.

    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
    509 W Olive St, Unit 101 Springfield, MO 65806
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