Freestanding Office Building Near Medical
For Sale
$2,000,000
1335 E Bradford Pkwy, Springfield, MO 65804
Freestanding office building near Medical Mile in Southeast Springfield.
Property Size7,652 SF
Price / SF$261.37
Days on Market158
Property Features for 1335 E Bradford Pkwy
General Information
Standard status
Active
Size
7,652 SF
Class
A
Property subtype
Office
Building Details
Building Size
7,652 SF
Year Built
2001
Listing Agency:
SVN | Rankin Company, LLC
Listed By:
Lee McLean III, SIOR, CCIM
(417) 818-8894
Source:
Svn
Added: May 14
Changed: Oct 6
Last Checked: Oct 16 at 6:49AM
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 SVN | Rankin Company, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office building is located near the Medical Mile in Southeast Springfield. The property features a mix of private offices and an open work area. Renovations were completed in 2020, and a new roof and new restrooms have been installed. An agreement with an adjacent property provides abundant parking. The office is situated off of Fremont and Primrose, in an area with many professional and medical offices, including the Cox Health campus, Burrell Behavioral Health, Springfield Board of Realtors, Morgan Stanley Advisors, and Murney Associates. The property is also near Immaculate Conception Church, McAlister's Deli, Neighbor's Mill, Koriya, Arris Pizza, and other local and national retailers. The building size is 7652 square feet.
Key Highlights
- Freestanding office building.
- Abundant parking due to parking agreement with adjacent property.
- Located near the Medical Mile in Southeast Springfield.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,634
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,680
$1.2M
Cap Rate 7%
$866,200
$866.2K
Cap Rate 9%
$673,711
$673.7K
Market Conditions
NOI Build-Up for 7,652 SF
Gross rent
$84.5K $11.04/SF
− Vacancy
−$3.6K −$0.47/SF
EGI
$80.8K $10.57/SF
− OpEx
−$20.2K −$2.64/SF
NOI
$60.6K $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%
$1,212,680
Cap Rate 7%
$866,200
Cap Rate 9%
$673,711
Alternative Uses
Best Use
Office B
$866.2K
$757.9K – $1.01M
NOI $60,634 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,846 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 65804, MO
40,064
Population
20,118
Households
2
Avg Household Size
40
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
2,154
Density / Sq Mi
$58,288
Median Household Income
$40,103
Median Earnings
$898
Median Rent
$227,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building near Medical Mile in Southeast Springfield.
Where is this office building located?
The property is located at 1335 E Bradford Pkwy Springfield, MO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Freestanding office building.; Abundant parking due to parking agreement with adjacent property.; Located near the Medical Mile in Southeast Springfield.
