Manufacturing Shop with Roll-Up
For Sale
Contact for pricing
1370 E Thoman St, Springfield, MO 65803
The shop includes storage fixtures and a restroom within a General Manufacturing-zoned property.
Property Size1,800 SF
Price / SF$83.33
Days on Market111
Property Features for 1370 E Thoman St
General Information
Standard status
Active
Size
1,800 SF
Property subtype
INDUSTRIAL
Zoning
General Manufacturing
Listing Agency:
SVN | Rankin Company, LLC
(417) 773-9022
Listed By:
Arch Watson · License #2009010579
(417) 773-9022
Source:
Moodyscre
Added: May 13
Changed: Aug 29
Last Checked: Aug 29 at 9:15PM
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 SVN | Rankin Company, LLC
Investment Insights
Based on property information with market context.
This 1,800-square-foot shop building is configured for manufacturing and service-oriented operations, with three 10-foot roll-up doors providing functional access. Interior features include one restroom, shelving, and cabinets. One of the overhead doors is equipped with a garage door opener.
The property is located at 1370 E Thoman St in Springfield, Missouri, and carries General Manufacturing zoning. The building has served as the operating location for a landscaping company for 25 years, providing an established small-shop format for continued commercial use.
The property is located at 1370 E Thoman St in Springfield, Missouri, and carries General Manufacturing zoning. The building has served as the operating location for a landscaping company for 25 years, providing an established small-shop format for continued commercial use.
Key Highlights
- 1,800‑square‑foot manufacturing shop building
- Three 10‑foot roll‑up doors
- One roll‑up door includes a garage door opener
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
$5,773
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
3.85%
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%
$115,460
$115.5K
Cap Rate 7%
$82,471
$82.5K
Cap Rate 9%
$64,144
$64.1K
Market Conditions
NOI Build-Up for 1,800 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
$8.4K $4.68/SF
− Vacancy
−$177 −$0.10/SF
EGI
$8.2K $4.58/SF
− OpEx
−$2.5K −$1.37/SF
NOI
$5.8K $3.21/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
30.00%
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%
$115,460
Cap Rate 7%
$82,471
Cap Rate 9%
$64,144
Alternative Uses
Best Use
Industrial
$82.5K
$72.2K – $96.2K
NOI $5,773 @ 7.0% cap · market cap 3.85%
Second Best
Flex RnD
$76.6K
$67.0K – $89.4K
NOI $5,361 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$271.7K
$237.7K – $317.0K
NOI $19,018 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Manufacturing property - The shop includes storage fixtures and a restroom within a General Manufacturing-zoned property.
Where is this manufacturing property located?
The property is located at 1370 E Thoman St Springfield, MO.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,800‑square‑foot manufacturing shop building; Three 10‑foot roll‑up doors; One roll‑up door includes a garage door opener
