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 Market537
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
Listing Agency:
Bill Beall Co.
(417) 887-5535
Listed By:
Nancy Herchenroeder, CCIM, CPM
Source:
Moodyscre
Added: Feb 11, 2025
Changed: Jul 27
Last Checked: Aug 1 at 9:08AM
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.
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 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 | $524.4k | $11.04 |
| − Vacancy | −$22.5k | −$0.47 |
| EGI | $501.9k | $10.57 |
| − OpEx | −$125.5k | −$2.64 |
| NOI | $376.4k | $7.92 |
47,500 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
