Multi-Building Retail-Office
For Sale
Contact for pricing
3003-3047 S Kansas Expy, Springfield, MO 65807
Multi-building retail and office complex with triple-net leases and multiple established tenants on 5.66 acres.
Property Size47,500 SF
Lot Size5.66 Acres
Price / SF$128.42
Days on Market634
Property Features for 3003-3047 S Kansas Expy
General Information
Standard status
Active
Size
47,500 SF
Lot size
5.66 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Parkcrest
Listing Agency:
Bill Beall Co.
(417) 887-5535
Listed By:
Nancy Herchenroeder, CCIM, CPM
Source:
Moodyscre
Added: Feb 11, 2025
Changed: Oct 25
Last Checked: Nov 4 at 11:34AM
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 Bill Beall Co.
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Investment Insights
Based on property information with market context.
This 47,500 SF retail and office complex consists of four buildings totaling 5.66 acres. The property is leased under triple-net terms, with each tenant responsible for their proportionate share of real estate taxes, insurance, and common area maintenance.
The complex is located at 3003-3047 S Kansas Expy, Springfield, MO 65807, across from the Hy-Vee at the intersection of S. Kansas Expressway and W. Battlefield Rd.
Current tenants include WellSpring School of Allied Health, Paul Mitchell The School, Hanger Prosthetics, and J&M Engineering.
The complex is located at 3003-3047 S Kansas Expy, Springfield, MO 65807, across from the Hy-Vee at the intersection of S. Kansas Expressway and W. Battlefield Rd.
Current tenants include WellSpring School of Allied Health, Paul Mitchell The School, Hanger Prosthetics, and J&M Engineering.
Key Highlights
- 47,500 SF retail/office complex across 4 buildings on 5.66 acres
- Triple‑net leases: tenants pay their proportionate share of real estate taxes, insurance, and common area maintenance
- Established tenants include WellSpring School of Allied Health, Paul Mitchell The School, Hanger Prosthetics, and J&M Engineering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$376,388
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,527,760
$7.5M
Cap Rate 7%
$5,376,971
$5.4M
Cap Rate 9%
$4,182,089
$4.2M
Market Conditions
NOI Build-Up for 47,500 SF
Gross rent
$524.4K $11.04/SF
− Vacancy
−$22.5K −$0.47/SF
EGI
$501.9K $10.57/SF
− OpEx
−$125.5K −$2.64/SF
NOI
$376.4K $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 Rate 5%
$7,527,760
Cap Rate 7%
$5,376,971
Cap Rate 9%
$4,182,089
Alternative Uses
Best Use
Office B
$5.38M
$4.70M – $6.27M
NOI $376,388 @ 7.0% cap · market cap 6.17%
Second Best
Retail
$5.05M
$4.42M – $5.89M
NOI $353,498 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$7.17M
$6.27M – $8.36M
NOI $501,851 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — Hy Vee, 1720 W Battlefield Rd, Springfield, MO 65807
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-building retail and office complex with triple-net leases and multiple established tenants on 5.66 acres.
Where is this shopping center located?
The property is located at 3003-3047 S Kansas Expy Springfield, MO.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: 47,500 SF retail/office complex across 4 buildings on 5.66 acres; Triple‑net leases: tenants pay their proportionate share of real estate taxes, insurance, and common area maintenance; Established tenants include WellSpring School of Allied Health, Paul Mitchell The School, Hanger Prosthetics, and J&M Engineering
