Two-Story Office
1520 E Primrose St, Springfield, MO 65804
For Sale
Contact for pricing
The building offers office space across two floors for a range of business operations.
Property Size10,080 SF
Price / SF$175
Days on Market8
Property Features for 1520 E Primrose St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Property Use
Building Details
Stories
Listing Agency:
SVN | Rankin Company, LLC
(417) 887-8826
Listed By:
Arch Watson · License #2009010579
(417) 773-9022
Source:
Moodyscre
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 8 at 7:57AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building contains 10,080 square feet of office space. Its multi-level configuration provides space distributed across two floors.
The property is located in South Springfield at 1520 E Primrose St, Springfield, Missouri 65804.
The property is located in South Springfield at 1520 E Primrose St, Springfield, Missouri 65804.
Key Highlights
- 10,080‑square‑foot office building
- Two‑story configuration
- Located in South Springfield at 1520 E Primrose St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,874
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,597,480
$1.6M
Cap Rate 7%
$1,141,057
$1.1M
Cap Rate 9%
$887,489
$887.5K
Market Conditions
NOI Build-Up for 10,080 SF
Gross rent
$111.3K $11.04/SF
− Vacancy
−$4.8K −$0.47/SF
EGI
$106.5K $10.57/SF
− OpEx
−$26.6K −$2.64/SF
NOI
$79.9K $7.92/SF
Area
Springfield, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,597,480
Cap Rate 7%
$1,141,057
Cap Rate 9%
$887,489
Alternative Uses
Best Use
Office B
$1.14M
$998.4K – $1.33M
NOI $79,874 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,498 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 65804, MO
40,064
Population
20,118
Households
2
Avg Household Size
40
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
2,154
Density / Sq Mi
$58,288
Median Household Income
$40,103
Median Earnings
$898
Median Rent
$227,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Springfield, MO
Properties on Market for Office buildings in Springfield
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The building offers office space across two floors for a range of business operations.
Where is this office building located?
The property is located at 1520 E Primrose St Springfield, MO.
What is the asking price?
The asking price for this property is $1,764,000.
What are key features of this property?
This property features: 10,080‑square‑foot office building; Two‑story configuration; Located in South Springfield at 1520 E Primrose St
