Office Unit with Medical
For Sale
$325,000
1332 W Sunshine Street, Springfield, MO 65807
Built-out commercial space offers private offices, reception, and plumbing suited to medical users.
Property Size2,500 SF
Price / SF$130
Days on Market464
Property Features for 1332 W Sunshine Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Office
Additional Details
Traffic Count
30,800 vehicles/day
Taxes and HOA fees
Annual Taxes
$2,964
Amenities
Central Air, Electric
3
Building Details
Year Built
1958
Listing Agency:
(417) 955-1232
Listed By:
Reece Commercial
(417) 955-1232
Source:
Xome
Added: May 25, 2025
Changed: Aug 29
Last Checked: Aug 30 at 2:01PM
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 Reece Commercial
Investment Insights
Based on property information with market context.
Located at 1332 W Sunshine Street in Springfield, this 2,500+/- square-foot office unit is configured with several private offices and a reception area. Plumbing is installed throughout, supporting medical-oriented occupancy, while central air and electric service are included. The property was built in 1958.
The space sits along the Sunshine corridor, where reported traffic volume reaches 30,800 AADT. Its office build-out and retail-compatible corridor setting provide a combination of existing interior functionality and broad commercial exposure. The property is offered for sale.
The space sits along the Sunshine corridor, where reported traffic volume reaches 30,800 AADT. Its office build-out and retail-compatible corridor setting provide a combination of existing interior functionality and broad commercial exposure. The property is offered for sale.
Key Highlights
- 2,500+/- square feet of office and retail space
- Existing layout includes several private offices and reception
- Plumbing installed throughout for medical users
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,810
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,200
$396.2K
Cap Rate 7%
$283,000
$283.0K
Cap Rate 9%
$220,111
$220.1K
Market Conditions
NOI Build-Up for 2,500 SF
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.
Gross rent
$27.6K $11.04/SF
− Vacancy
−$1.2K −$0.47/SF
EGI
$26.4K $10.57/SF
− OpEx
−$6.6K −$2.64/SF
NOI
$19.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,200
Cap Rate 7%
$283,000
Cap Rate 9%
$220,111
Alternative Uses
Best Use
Office B
$283.0K
$247.6K – $330.2K
NOI $19,810 @ 7.0% cap · market cap 6.10%
Second Best
Healthcare Medical
$283.0K
$247.6K – $330.2K
NOI $19,810 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$377.3K
$330.2K – $440.2K
NOI $26,413 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,800 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Built-out commercial space offers private offices, reception, and plumbing suited to medical users.
Where is this office units located?
The property is located at 1332 W Sunshine Street Springfield, MO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,500+/- square feet of office and retail space; Existing layout includes several private offices and reception; Plumbing installed throughout for medical users
