Office Units with Medical
For Sale
$325,000
1332 W Sunshine Street, Springfield, MO 65807
Commercial Sale, Springfield, MO
Property Size2,500 SF
Lot Size0.12 Acres
Price / SF$130
Days on Market307
Property Features for 1332 W Sunshine Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
GR
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
N on Campbell. W on Sunshine. Property on Left.
Standard status
Active
APN
1335208034
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WESTWOOD ACRES REPLAT BLK A W 20 FT E 40 FT LOT 3 BLK A
Tax Annual Amount
2964
Legal Description
WESTWOOD ACRES REPLAT BLK A W 20 FT E 40 FT LOT 3 BLK A
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air
Amenities
private offices
reception
plumbed for medical
Building Details
Year built
1958
Listing Agency:
Reece Commercial - Springfield
(417) 882-5710
Listed By:
Sam R. Craft · License #2019042641
(417) 955-1232
Added: Nov 7, 2025
Changed: Sep 3
Last Checked: Sep 10 at 11:06AM
MLS# 60309332
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property offers 2,500+/- square feet of built-out space arranged with several private offices and a reception area. Plumbing extends throughout the premises, supporting medical-oriented occupancy, while the existing layout also accommodates office and retail functions. The building dates to 1958 and is equipped with forced-air, natural-gas heating and central-air, electric cooling.
Positioned along W Sunshine Street in Springfield, the property benefits from corridor exposure and documented traffic of 30,800 AADT. The site contains 0.12 acres and carries GR zoning. A single bathroom is identified in the property information.
Positioned along W Sunshine Street in Springfield, the property benefits from corridor exposure and documented traffic of 30,800 AADT. The site contains 0.12 acres and carries GR zoning. A single bathroom is identified in the property information.
Key Highlights
- 2,500+/- square feet of office and retail space
- Existing layout includes several private offices and reception
- Plumbing throughout supports medical‑oriented use
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Built-out office space includes private rooms, reception, and plumbing configured for medical use.
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 throughout supports medical‑oriented use
