Leased Office and Retail
1507-1527 E Lark St Springfield, MO 65804
1507-1527 E Lark St, Springfield, MO, 65804
Contact for pricing
For Sale
Contact for pricing
Two-building, 100% leased Class A office and retail investment with four tenants on long-term NNN leases.
Property Size20,883 SF
Price / SF$166.43
Days on Market55
Property Features for 1507-1527 E Lark St
General Information
- Standard status
- Active
- Size
- 20,883 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 2021
Listing agency
SVN Rankin Company, LLC
(417) 860-9951
Listed by
Jack Rankin · License #MO 2018038830
Source
Crexi
Added: May 29 Updated: Jul 22 at 5:36AM Checked: Jul 22 at 5:36AM
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 turn-key, 100% leased Class A office and retail investment is offered for sale in two buildings. The property totals 20,883 SF and is occupied by four tenants, each supported by a long-term, NNN lease structure.
The buildings are located at 1507-1527 E Lark St in Springfield, MO 65804.
The offering is presented as a stabilized income asset with multiple tenants and NNN leases in place across both buildings.
The buildings are located at 1507-1527 E Lark St in Springfield, MO 65804.
The offering is presented as a stabilized income asset with multiple tenants and NNN leases in place across both buildings.
Key Highlights
- 2021‑built, two‑building Class A office and retail investment
- Total 20,883 SF across two buildings
- 100% leased with four tenants on long‑term NNN leases
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 4.76%
Second Best
Retail
$2.22M
$1.94M – $2.59M
NOI $155,413 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,635 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Two-building, 100% leased Class A office and retail investment with four tenants on 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 $3,475,500.
What are key features of this property?
This property features: 2021‑built, two‑building Class A office and retail investment; Total 20,883 SF across two buildings; 100% leased with four tenants on long‑term NNN leases
