Two-Story Office
1331 North Stewart Avenue Springfield, MO 65802
1331 North Stewart Avenue, Springfield, MO, 65802
Contact for pricing
For Sale
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Updated two-story office building with reception areas, multiple offices, patio access, and parking on a paved lot.
Property Size6,931 SF
Lot Size0.30 Acres
Price / SF$90.17
Days on Market83
Property Features for 1331 North Stewart Avenue
General Information
- Standard status
- Active
- Size
- 6,931 SF
- Lot size
- 0.30 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1981
Listing agency
Graddy Real Estate
(417) 883-4900
Listed by
Adam Graddy · License #MO 2004014961
Source
Crexi
Added: Apr 30 Updated: Jul 20 at 9:51PM Checked: Jul 21 at 12:12PM
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 Graddy Real Estate
Investment Insights
Based on property information with market context.
This updated two-story commercial office building provides a professional, client-ready layout with a reception and waiting area on the main level, plus a functional kitchen, five private offices, storage, and two bathrooms. The second floor offers approximately eight additional office spaces, a secondary waiting area, and three bathrooms.
The property sits on a paved, large parking area and includes outdoor patio access. Updated HVAC units were installed in 2023, and the second floor is currently leased.
With updated office finishes and an open, flexible configuration, the building supports businesses or investors seeking office space that can accommodate multiple teams within one structure.
The property sits on a paved, large parking area and includes outdoor patio access. Updated HVAC units were installed in 2023, and the second floor is currently leased.
With updated office finishes and an open, flexible configuration, the building supports businesses or investors seeking office space that can accommodate multiple teams within one structure.
Key Highlights
- Updated two‑story commercial office building built in 1981 across from Evangel University
- 0.30‑acre lot with a large paved parking area
- 2023 HVAC updates
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 | $76.5k | $11.04 |
| − Vacancy | −$3.3k | −$0.47 |
| EGI | $73.2k | $10.57 |
| − OpEx | −$18.3k | −$2.64 |
| NOI | $54.9k | $7.92 |
6,931 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$784.6K
$686.5K – $915.4K
NOI $54,921 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$915.4K – $1.22M
NOI $73,228 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mendez Maria A MD
Physician
Caring Companions In-Home ...
Home Health Care Service
Linda Lewis Psychologist
Physician
Dr. Maria Mendez
Physician
MPJ Enterprises PO ...
Real Estate Agency
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FAQs
What type of property is this?
Office building - Updated two-story office building with reception areas, multiple offices, patio access, and parking on a paved lot.
Where is this office building located?
The property is located at 1331 North Stewart Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Updated two‑story commercial office building built in 1981 across from Evangel University; 0.30‑acre lot with a large paved parking area; 2023 HVAC updates
