Two-Story Historic Office
1201 E Walnut Street Springfield Springfield, MO 65802
1201 E Walnut Street Springfield, Springfield, MO, 65802
$595,000
For Sale
$595,000
A 1911-era two-story office property with dedicated parking and multiple meeting and work areas.
Property Size6,690 SF
Lot Size0.50 Acres
Price / SF$88.94
Days on Market18
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 Agency
RE/MAX SHOWTIME
(417) 294-1629
Listed by
Jon Holloway
(417) 294-1629
Source
Jonholloway.showtimeproperties
Added: Jun 30 Checked: Jul 17 at 2:53 am
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 RE/MAX SHOWTIME
Investment Insights
Based on property information with market context.
1201 E Walnut is a two-story office building originally constructed in 1911 and converted to retain its original character while supporting functional office use. The brick exterior includes limestone accents, and the interior layout features 9 office spaces plus an open area workspace on the top floor. The building also includes 3 full bathrooms, a conference room, a waiting/living room, and a kitchen. A detached two-car garage provides additional storage.
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.
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.
Key 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
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 |
6,690 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$757.3K
$662.6K – $883.5K
NOI $53,011 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$883.5K – $1.18M
NOI $70,682 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SignalPoint Asset Management, ...
Financial Advisor
Hoffman Carolyn
Insurance Agency
Greenworks Creative Landscapes
General Contractor
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FAQs
What type of property is this?
Office building - A 1911-era two-story office property with dedicated parking and multiple meeting and work areas.
Where is this office building located?
The property is located at 1201 E Walnut Street Springfield Springfield, MO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 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
