1201 E Walnut Street Springfield, Springfield, MO 65802
A 1911-era two-story office property with dedicated parking and multiple meeting and work areas.
- Added:
- Jun 30, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 1 at 2:43 am
Property Features for 1201 E Walnut Street Springfield
General Information
- Standard status
- Active
- Size
- 6,690 SF
- Lot size
- 0.50 Acres
Building Details
- Year Built
- 1911
Listing office (417) 294-1629
Listing date Jun 30, 2026
Source Jonholloway.showtimeproperties
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HighLights
- 1911 two‑story office building in the Walnut Street Historic District
- Nearly 0.44‑acre corner lot on Walnut and National with brick exterior and limestone accents
- Large parking lot with 16–20 spaces plus a detached two‑car garage for extra storage
- Total building area: 6,690 SF
- Interior includes 9 office spaces, an open top‑floor workspace, and a conference room
- 3 full bathrooms, waiting/living room, and kitchen; near restaurants, retail, Missouri State University, and Downtown Springfield
Overview
The property is situated on the corner of Walnut and National in the Walnut Street Historic District and sits on nearly half an acre. A large parking lot with 16 to 20 spaces supports day-to-day access, and the property is described as having a daily traffic count of over 20,000 cars. It is located near restaurants and retail, as well as Missouri State University and Downtown Springfield.
This configuration is well suited for tenants or owners seeking a traditional office environment with a mix of private offices, a shared open work area, and dedicated meeting space. The parking and interior amenities support office operations that require both day-to-day workspace and client or staff gathering areas.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.9k | $11.04 |
| − Vacancy | −$3.2k | −$0.47 |
| EGI | $70.7k | $10.57 |
| − OpEx | −$17.7k | −$2.64 |
| NOI | $53.0k | $7.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.3067977
- Latitude
- 37.2074972
