Multi-Tenant NNN Office
1507-1527 E Lark St Springfield, MO 65804
1507-1527 E Lark St, Springfield, MO, 65804
$3,740,000
For Sale
$3,740,000
Turn-key office property with two buildings, four tenants, and long-term NNN leases.
Property Size20,883 SF
Price / SF$179.09
Days on Market113
Property Features for 1507-1527 E Lark St
General Information
- Standard status
- Active
- Size
- 20,883 SF
- Property subtype
- Office - General Office
Building Details
- Year Built
- 1998
Listing agency
SVN | Rankin Company
(417) 860-9951
Listed by
Jack Rankin · License #2018038830
Source
Commercialcafe
Added: Mar 31 Updated: Jul 20 at 5:27PM Checked: Jul 21 at 3:28AM
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
Investment Insights
Based on property information with market context.
This turn-key office investment includes two buildings totaling 20,883 SF with four tenants. The property is offered as a Class A office asset, with each tenant operating under a long-term NNN lease structure.
The buildings are positioned near the corner of S Fremont Ave and E Republic Road in South Springfield, Missouri, surrounded by a mix of established retail and service businesses including Blue Iguana Car Wash, Harter House, Architect Coffee Co, Corner 21 Chinese, Propel Fitness, Sonic Drive-In, Vogue Cleaners, and Cox Hospital, among others.
The current income configuration is supported by long-term leases across four tenants, providing an NNN-focused ownership structure within a multi-tenant office setup.
The buildings are positioned near the corner of S Fremont Ave and E Republic Road in South Springfield, Missouri, surrounded by a mix of established retail and service businesses including Blue Iguana Car Wash, Harter House, Architect Coffee Co, Corner 21 Chinese, Propel Fitness, Sonic Drive-In, Vogue Cleaners, and Cox Hospital, among others.
The current income configuration is supported by long-term leases across four tenants, providing an NNN-focused ownership structure within a multi-tenant office setup.
Key Highlights
- Class A office investment for sale at 1507‑1727 E Lark Street in South Springfield, MO
- Two buildings totaling 20,883 SF with four tenants
- Each tenant is on a long‑term NNN lease
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 | $230.5k | $11.04 |
| − Vacancy | −$9.9k | −$0.47 |
| EGI | $220.6k | $10.57 |
| − OpEx | −$55.2k | −$2.64 |
| NOI | $165.5k | $7.92 |
20,883 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.36M
$2.07M – $2.76M
NOI $165,476 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,635 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Turn-key office property with two buildings, four tenants, and long-term NNN leases.
Where is this office units located?
The property is located at 1507-1527 E Lark St Springfield, MO.
What is the asking price?
The asking price for this property is $3,740,000.
What are key features of this property?
This property features: Class A office investment for sale at 1507‑1727 E Lark Street in South Springfield, MO; Two buildings totaling 20,883 SF with four tenants; Each tenant is on a long‑term NNN lease
