Freestanding Office Building Near Medical
1335 E Bradford Pkwy Springfield, MO 65804
1335 E Bradford Pkwy, Springfield, MO, 65804
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For Sale
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Freestanding office building near Medical Mile in Southeast Springfield.
Property Size7,652 SF
Price / SF$261.37
Days on Market71
Property Features for 1335 E Bradford Pkwy
General Information
- Standard status
- Active
- Size
- 7,652 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing Agency
SVN | Rankin Company, LLC
Listed by
Lee Mclean III, SIOR, CCIM · License #MO 2002005214
Source
Crexi
Added: May 9 Checked: Jul 17 at 8:16 am
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
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.
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 | $84.5k | $11.04 |
| − Vacancy | −$3.6k | −$0.47 |
| EGI | $80.8k | $10.57 |
| − OpEx | −$20.2k | −$2.64 |
| NOI | $60.6k | $7.92 |
7,652 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MicroTek Solutions
Big Box & Wholesale Store
E&M Management, LLC
Advertising Agency
TeleChoice, L.L.C.
Telecommunications Service
Source Technology Group, ...
Business Service Center
BigPxl
Advertising Agency
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FAQs
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.
