13-Unit Office
For Sale
$1,795,000
1926-1936 E Meadowmere Street, Springfield, MO 65804
Commercial Service-zoned office property with multiple suites, central air, and on-site parking.
Property Size20,000 SF
Lot Size1.25 Acres
Price / SF$89.75
Days on Market509
Property Features for 1926-1936 E Meadowmere Street
General Information
Standard status
Active
Size
20,000 SF
Total Parking Spaces
32
Lot size
1.25 Acres
Property subtype
Office
Zoning
Commercial Service
Additional Details
Office Units
13
Taxes and HOA fees
Annual Taxes
$9,586
Amenities
Central Air
3
Flat
Paved Driveway.
City
150x163
Building Details
Year Built
1961
Buildings
1
Building Size
20,000 SF
Listing Agency:
Primrose
(417) 841-7971
Listed By:
Murney Associates
(417) 841-7971
Source:
Xome
Added: Apr 10, 2025
Changed: Aug 30
Last Checked: Aug 30 at 8:15PM
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 Primrose
Investment Insights
Based on property information with market context.
This 20,000 sq ft office building contains 13 adaptable units within a 1.25-acre commercial property. Central air, a paved driveway, and 32 parking spaces support the existing configuration, while the building’s 1961 construction provides an established physical foundation.
Zoned Commercial Service, the property is located at 1926-1936 E Meadowmere Street in Springfield, Missouri. The building is partially leased and offers a multi-unit office layout for continued occupancy or owner use.
Zoned Commercial Service, the property is located at 1926-1936 E Meadowmere Street in Springfield, Missouri. The building is partially leased and offers a multi-unit office layout for continued occupancy or owner use.
Key Highlights
- 20,000 sq ft office building on a 1.25‑acre lot
- 13 adaptable units within the building
- 32 parking spaces with a paved driveway
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
$158,479
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
8.83%
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%
$3,169,580
$3.2M
Cap Rate 7%
$2,263,986
$2.3M
Cap Rate 9%
$1,760,878
$1.8M
Market Conditions
NOI Build-Up for 20,000 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
$220.8K $11.04/SF
− Vacancy
−$9.5K −$0.47/SF
EGI
$211.3K $10.57/SF
− OpEx
−$52.8K −$2.64/SF
NOI
$158.5K $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%
$3,169,580
Cap Rate 7%
$2,263,986
Cap Rate 9%
$1,760,878
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,479 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,306 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13
Office units
Location Intelligence
Trade Area within ½ mile
871
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Commercial Service-zoned office property with multiple suites, central air, and on-site parking.
Where is this office building located?
The property is located at 1926-1936 E Meadowmere Street Springfield, MO.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 20,000 sq ft office building on a 1.25‑acre lot; 13 adaptable units within the building; 32 parking spaces with a paved driveway
