1515 W Division St Springfield, MO 65802
71,599 SF warehouse with tenant and value-add opportunity.
- Added:
- Nov 14, 2023
- Days on Market:
- 973
- Last Refresh:
- May 12 at 9:29 pm
Property Features for 1515 W Division St
General Information
- Standard status
- Active
- Size
- 71,599 SF
- Property subtype
- Industrial
Listing office SVN Rankin Company, LLC (417) 860-9951
Listing date Nov 14, 2023
Source Crexi
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.
Key Highlights
- 71,599 SF warehouse with income potential.
- +\/- 35,500 SF leased to a credit‑worthy tenant with a new 10‑year lease (signed Nov 2023).
- Value‑add opportunity with vacant +\/- 36,099 SF warehouse space.
Local Financial Insights For Industrial
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 | $335.1k | $4.68 |
| − Vacancy | −$7.0k | −$0.10 |
| EGI | $328.0k | $4.58 |
| − OpEx | −$98.4k | −$1.37 |
| NOI | $229.6k | $3.21 |
Alternative Uses
Property Analytics
Current Use by Public Records
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