Remodeled Freestanding Office
New
For Sale
$1,950,000
1200 E Woodhurst Dr V100, Springfield, MO 65804
Recently updated workspace with creative office finishes, Cat 6 cabling, and shared office-park parking.
Property Size9,692 SF
Price / SF$201.20
Days on Market3
Property Features for 1200 E Woodhurst Dr V100
General Information
Standard status
Active
Size
9,692 SF
Class
B
Property subtype
Multi Tenant Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,950,000
Building Details
Building Size
9,692 SF
Year Built
1987
Buildings
1
Properties For Sale
at 1200 E Woodhurst Dr V100 Contact us- Size
- 9,692 SF
- Lease Type
- NNN
V100
Listing Agency:
SVN | Rankin Co
(417) 887-8826
Listed By:
Lee McLean III, CCIM
(417) 887-8826
Source:
Thebrokerlist
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 6:51PM
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 Co
Investment Insights
Based on property information with market context.
This freestanding office condo provides approximately 9,692 square feet of office space in a recently remodeled setting. Improvements include creative office infill, Cat 6 cabling, and existing office furniture that may be included subject to the offer. The building was constructed in 1987.
The property is part of Woodhurst Office Park in southeast Springfield, near Battlefield and National with access to Highway 60. Parking is shared throughout the office park. Nearby organizations and destinations include Cox Health, Buxton Kubik Dodd Design Collective, Hobby Lobby, and The Battlefield Mall.
The property is part of Woodhurst Office Park in southeast Springfield, near Battlefield and National with access to Highway 60. Parking is shared throughout the office park. Nearby organizations and destinations include Cox Health, Buxton Kubik Dodd Design Collective, Hobby Lobby, and The Battlefield Mall.
Key Highlights
- Approximately 9,692 square feet of office space
- Freestanding office condo in Woodhurst Office Park
- Recently remodeled with creative office infill
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
$76,799
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
3.94%
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%
$1,535,980
$1.5M
Cap Rate 7%
$1,097,129
$1.1M
Cap Rate 9%
$853,322
$853.3K
Market Conditions
NOI Build-Up for 9,692 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
$107.0K $11.04/SF
− Vacancy
−$4.6K −$0.47/SF
EGI
$102.4K $10.57/SF
− OpEx
−$25.6K −$2.64/SF
NOI
$76.8K $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%
$1,535,980
Cap Rate 7%
$1,097,129
Cap Rate 9%
$853,322
Alternative Uses
Best Use
Office B
$1.10M
$960.0K – $1.28M
NOI $76,799 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,399 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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 - Recently updated workspace with creative office finishes, Cat 6 cabling, and shared office-park parking.
Where is this office units located?
The property is located at 1200 E Woodhurst Dr V100 Springfield, MO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Approximately 9,692 square feet of office space; Freestanding office condo in Woodhurst Office Park; Recently remodeled with creative office infill
