Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2043 E Independence St Springfield, MO 65804

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $17 SF/Yr

    Retail space for lease in southeast Springfield, high-traffic area.

    Property size:
    14,700 SF
    Lot size:
    14,700 SF

    Property Features for 2043 E Independence St

    General Information

    Size
    14,700 SF

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Jeff Childs, SIOR, CCIM
    Source: Svn

    Listing Agent: Jeff Childs, SIOR, CCIM

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

    Learn more

    Overview

    Retail Space in Springfield, MO

    Retail space is available for lease in southeast Springfield, Missouri. The property is located in a high-traffic area with great visibility and easy access. It is situated in close proximity to Highway 60 and Highway 65. The location is anchored by Walmart Super Center, Home Depot, Kohls, Michael's, and Dollar Tree. Specifically, the available space is in the same building as Sports Clips and Mattress Firm. The property has a size of 14700 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -93.2574356
    Latitude
    37.142093

    Nearby Similar for Lease

    • $15 SF/Yr

      Remodeled Class-A Office Condo

      Class-A office condo with recent remodel and prime location.
      909 E Republic Rd, Springfield, MO 65807
      View Details
    • New
      $16 SF/Yr
      41,382 SF

      Springfield Office Space For Rent

      Single-story office building with executive offices and open workspace.
      4136 S Scenic Ave, Springfield, MO 65807
      View Details
    • New
      $1,115,000
      41,382 SF

      Springfield Office Building For Rent

      Single-story office building with open workspace in Springfield, Missouri.
      4136 S Scenic Ave, Springfield, MO 65807
      View Details
    • New
      $54,000
      12,197 SF

      High-Visibility Commercial Space Available

      Flexible commercial space on South Campbell Avenue, ideal for various businesses.
      3202 S Campbell Ave, Springfield, MO 65807
      View Details
    • New
      $1,800 /Mo
      3,920 SF

      Downtown Springfield Retail & Office

      Remodeled retail and office space in downtown Springfield.
      324 Park Central W, Springfield, MO 65806
      View Details
    • $1,475 /Mo

      Executive Office Suites in Springfield

      Professional office space for lease in CastleGate Office Condominiums.
      1426 E Bradford Pkwy Unit, Springfield, MO 65804
      View Details
    • $800 /Mo

      Executive Offices in Springfield

      Class A office suites for lease in CastleGate Office Condominiums.
      1426 E Bradford Pkwy Unit, Springfield, MO 65804
      View Details
    • $400 /Mo

      Executive Office Suites in Springfield

      Professional office spaces for lease in CastleGate Office Condominiums.
      1426 E Bradford Pkwy Unit, Springfield, MO 65804
      View Details
    • $400 /Mo

      Executive Office Suite in Springfield

      Class A office space in desirable Springfield location.
      1426 E Bradford Pkwy Unit, Springfield, MO 65804
      View Details
    • $400 /Mo

      Executive Offices in Springfield, MO

      Class A executive suites available for lease in Springfield.
      1426 E Bradford Pkwy Unit, Springfield, MO 65804
      View Details
    • $12 SF/Yr
      2,178 SF

      Downtown Springfield Retail/Office Space

      First floor retail or office space in downtown Springfield.
      212 W Mcdaniel St, Springfield, MO 65806
      View Details
    • $2,750 /Mo
      20,473 SF

      Free-Standing Work-Live Office Space

      Work-live office space in the 'Roundtree UCD-D' area.
      1348 E Cherry St, Springfield, MO 65802
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease in southeast Springfield, high-traffic area.
    Where is this retail space located?
    The property is located at 2043 E Independence St Springfield, MO.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Anchored by Walmart Super Center, Home Depot, Kohls, Michael's and Dollar Tree.; - High traffic area.; - Great visibility.
    (417) 860-5447
    Request Owner's contact information
    2043 E Independence St Springfield, MO 65804
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2043 E Independence St
    Springfield, MO 65804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2043 E Independence St Springfield, MO 65804
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeff Childs, SIOR, CCIM
    (417) 860-5447
    Learn more
    Google sign-in failed. Please try again or use another login method.