Restored Office
For Sale
$989,000
2049 Brentwood Boulevard, Springfield, MO 65804
Remodeled professional property with private offices, meeting space, library, kitchen, and landscaped exterior grounds.
Property Size3,620 SF
Price / SF$273.20
Days on Market536
Property Features for 2049 Brentwood Boulevard
General Information
Standard status
Active
Size
3,620 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$5,327
Amenities
Central Air, A/C - Zone
3
Composition
Gravel.
195X157
Building Details
Year Built
1900
Listed By:
Keller Williams
(417) 883-4900
Source:
Xome
Added: Mar 16, 2025
Changed: Sep 2
Last Checked: Sep 1 at 2:37PM
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 Keller Williams
Investment Insights
Based on property information with market context.
This 3,620-square-foot office building combines a historic structure with extensive recent improvements. Renovation work completed in 2022-2023 included a new roof, HVAC system, electrical service, and plumbing. The interior provides six private offices, a boardroom, library, kitchen, large reception or gathering area, and four restrooms. Restored hardwood floors, granite countertops, and updated restroom finishes add durable, professional materials throughout the building.
The property at 2049 S Brentwood Boulevard in Springfield, MO, includes maintained greenspace with privacy fencing and irrigation. Its location is minutes from the Sunshine and Glenstone intersection, providing convenient access for staff and visitors. Built in 1900, the building offers a substantially updated setting for professional office operations.
The property at 2049 S Brentwood Boulevard in Springfield, MO, includes maintained greenspace with privacy fencing and irrigation. Its location is minutes from the Sunshine and Glenstone intersection, providing convenient access for staff and visitors. Built in 1900, the building offers a substantially updated setting for professional office operations.
Key Highlights
- 3,620 SF office building at 2049 S Brentwood Boulevard
- Renovated in 2022‑2023 with new roof, HVAC, electrical, and plumbing
- Six private offices plus boardroom, library, kitchen, and gathering area
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
$28,685
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
2.90%
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%
$573,700
$573.7K
Cap Rate 7%
$409,786
$409.8K
Cap Rate 9%
$318,722
$318.7K
Market Conditions
NOI Build-Up for 3,620 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
$40.0K $11.04/SF
− Vacancy
−$1.7K −$0.47/SF
EGI
$38.2K $10.57/SF
− OpEx
−$9.6K −$2.64/SF
NOI
$28.7K $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%
$573,700
Cap Rate 7%
$409,786
Cap Rate 9%
$318,722
Alternative Uses
Best Use
Office B
$409.8K
$358.6K – $478.1K
NOI $28,685 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.4K
$478.1K – $637.4K
NOI $38,246 @ 7.0% cap · market cap 3.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,971
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
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 building - Remodeled professional property with private offices, meeting space, library, kitchen, and landscaped exterior grounds.
Where is this office building located?
The property is located at 2049 Brentwood Boulevard Springfield, MO.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: 3,620 SF office building at 2049 S Brentwood Boulevard; Renovated in 2022‑2023 with new roof, HVAC, electrical, and plumbing; Six private offices plus boardroom, library, kitchen, and gathering area
