Multi-Use Building on Kearney
For Sale
$600,000
1430 W Kearney Street, Springfield, MO 65803
6,000+/- SF building with retail and warehouse space for sale.
Property Size6,065 SF
Price / SF$98.93
Days on Market337
Property Features for 1430 W Kearney Street
General Information
Standard status
Active
Size
6,065 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$6,604
Amenities
3
Building Details
Year Built
1972
Listing Agency:
(417) 882-5710
Listed By:
Reece Commercial
(417) 955-1232
Source:
Xome
Added: Oct 9, 2025
Changed: Sep 8
Last Checked: Sep 10 at 5:29AM
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 Reece Commercial
Investment Insights
Based on property information with market context.
This multi-use building offers over 6,000 square feet of space on the West Kearney/North Kansas Expressway commercial corridors. The property includes up to 4,000 square feet of retail space and an additional 2,000 square feet of warehouse space. The retail area features glass show-windows, front door parking, and high visibility with approximately 34,000 vehicles per day. The warehouse is constructed with a red iron frame, has an 18-foot eave height, and includes a loading dock with one 14-foot by 9-foot overhead door. The property is located one block from Kansas Expressway, at a signalized corner near another major commercial corridor, and is a few blocks from Interstate-44 and US Highway 13 exits. The surrounding area includes fast-food restaurants and national retailers.
Key Highlights
- High visibility location with +\/-34,000 vehicles per day.
- 6,000+\/- square foot multi‑use building with retail and warehouse space.**
- Up to 4,000 square feet of retail space with glass show‑windows and front door parking.**
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
$45,136
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
7.52%
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%
$902,720
$902.7K
Cap Rate 7%
$644,800
$644.8K
Cap Rate 9%
$501,511
$501.5K
Market Conditions
NOI Build-Up for 6,065 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
$67.0K $11.04/SF
− Vacancy
−$2.5K −$0.41/SF
EGI
$64.5K $10.63/SF
− OpEx
−$19.3K −$3.19/SF
NOI
$45.1K $7.44/SF
Area
Springfield, MO
Vacancy
3.70%
Lease Rate
$11.04 /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%
$902,720
Cap Rate 7%
$644,800
Cap Rate 9%
$501,511
Alternative Uses
Best Use
Retail
$644.8K
$564.2K – $752.3K
NOI $45,136 @ 7.0% cap · market cap 7.52%
Second Best
Warehouse
$337.4K
$295.3K – $393.7K
NOI $23,620 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$915.4K
$801.0K – $1.07M
NOI $64,078 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
413
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - 6,000+/- SF building with retail and warehouse space for sale.
Where is this retail space located?
The property is located at 1430 W Kearney Street Springfield, MO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High visibility location with +\/-34,000 vehicles per day.; 6,000+\/- square foot multi‑use building with retail and warehouse space.**; Up to 4,000 square feet of retail space with glass show‑windows and front door parking.**
