Office Condo Suite in Office
For Sale
Contact for pricing
1200 E Woodhurst Dr, Springfield, MO 65804
Well-maintained office suite with natural light, ample parking, and convenient access to major roads.
Property Size2,205 SF
Price / SF$201.81
Days on Market83
Property Features for 1200 E Woodhurst Dr
General Information
Standard status
Active
Size
2,205 SF
Property subtype
OFFICE
Additional Details
Office Units
2
Listing Agency:
Jared Commercial
(417) 350-4771
Listed By:
David Havens · License #2015037234
(417) 350-4771
Source:
Moodyscre
Added: May 27
Changed: Jul 26
Last Checked: Aug 17 at 12:05PM
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 Jared Commercial
Investment Insights
Based on property information with market context.
Sharp office condo in the Woodhurst Office Park, configured as two office suites that can be purchased separately or combined. The available suite described here is Suite T-200, with a professional office layout and 2,205 square feet. Suite T-100 is also available separately if you’re looking for a smaller footprint.
The property includes ample parking for employees and visitors and offers convenient access to major roads, supporting day-to-day client and staff visits. The exterior is maintained and the interior benefits from natural light, creating a functional work environment.
Whether you’re buying one suite or combining suites, this is a straightforward option for an owner-occupied office or an investment office hold in a maintained office park setting.
The property includes ample parking for employees and visitors and offers convenient access to major roads, supporting day-to-day client and staff visits. The exterior is maintained and the interior benefits from natural light, creating a functional work environment.
Whether you’re buying one suite or combining suites, this is a straightforward option for an owner-occupied office or an investment office hold in a maintained office park setting.
Key Highlights
- Two office suites in Woodhurst Office Park—can be purchased separately or combined
- Suite T‑100: 1,260 SF office suite listed at $260,000
- Suite T‑200: 2,205 SF office suite listed at $445,000
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
$17,472
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
3.93%
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%
$349,440
$349.4K
Cap Rate 7%
$249,600
$249.6K
Cap Rate 9%
$194,133
$194.1K
Market Conditions
NOI Build-Up for 2,205 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
$24.3K $11.04/SF
− Vacancy
−$1.0K −$0.47/SF
EGI
$23.3K $10.57/SF
− OpEx
−$5.8K −$2.64/SF
NOI
$17.5K $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 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%
$349,440
Cap Rate 7%
$249,600
Cap Rate 9%
$194,133
Alternative Uses
Best Use
Office B
$249.6K
$218.4K – $291.2K
NOI $17,472 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$332.8K
$291.2K – $388.3K
NOI $23,296 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,903
Businesses Nearby
Explore this area
Business Placement
Demographics for 65804, MO
40,064
Population
20,118
Households
2
Avg Household Size
40
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
2,154
Density / Sq Mi
$58,288
Median Household Income
$40,103
Median Earnings
$898
Median Rent
$227,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office suite with natural light, ample parking, and convenient access to major roads.
Where is this office units located?
The property is located at 1200 E Woodhurst Dr Springfield, MO.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two office suites in Woodhurst Office Park—can be purchased separately or combined; Suite T‑100: 1,260 SF office suite listed at $260,000; Suite T‑200: 2,205 SF office suite listed at $445,000
