Turnkey Office Suite in Office
For Sale
$839,900
Pending
1531 Bradford Parkway, Springfield, MO 65804
Class-A office units 300 and 330 are combined and offered vacant with furniture included.
Property Size3,515 SF
Days on Market247
Property Features for 1531 Bradford Parkway
General Information
Standard status
Pending
Size
3,515 SF
Class
A
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$11,651
Amenities
Central Air, Electric, A/C - Zone
3
Composition
Paved Driveway, Carport.
City
Condominium is on 1.93 A
Sidewalks.
Building Details
Year Built
2002
Listing Agency:
Primrose
(417) 823-2300
Listed By:
Murney Associates
(417) 823-2300
Source:
Xome
Added: Dec 19, 2025
Changed: Aug 12
Last Checked: Aug 22 at 4:01AM
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 Primrose
Investment Insights
Based on property information with market context.
This Class-A office offering combines units 300 and 330 into a single 3,515-square-foot workspace designed for professional client-facing use. The suite includes a generously sized reception and greeting area, an adjacent coffee bar/bistro lounge, multiple private offices, and versatile workspaces and/or conference rooms. Interior finishes feature slate flooring, soaring ceilings with exposed wood beams, designer lighting, and expansive windows that bring in natural light.
The space is located within the Bradford Place Office Condominiums, a fully ADA-compliant, professionally managed Class-A building. The property is described as providing convenient access to the James River Freeway, Springfield’s Medical Mile, and established office districts.
Units 300 and 330 have previously been occupied together and can be used as one larger contiguous office. The suites are vacant and presented as available for immediate occupancy, with furniture included.
The space is located within the Bradford Place Office Condominiums, a fully ADA-compliant, professionally managed Class-A building. The property is described as providing convenient access to the James River Freeway, Springfield’s Medical Mile, and established office districts.
Units 300 and 330 have previously been occupied together and can be used as one larger contiguous office. The suites are vacant and presented as available for immediate occupancy, with furniture included.
Key Highlights
- Combined Class‑A office condominium units 300 & 330 offered together as a 3,515 SF suite.
- Vacant and available for immediate occupancy; furniture included with the sale.
- Reception and greeting area plus adjacent coffee bar/bistro lounge for staff or client hospitality.
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
$27,853
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
3.32%
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%
$557,060
$557.1K
Cap Rate 7%
$397,900
$397.9K
Cap Rate 9%
$309,478
$309.5K
Market Conditions
NOI Build-Up for 3,515 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
$38.8K $11.04/SF
− Vacancy
−$1.7K −$0.47/SF
EGI
$37.1K $10.57/SF
− OpEx
−$9.3K −$2.64/SF
NOI
$27.9K $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 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%
$557,060
Cap Rate 7%
$397,900
Cap Rate 9%
$309,478
Alternative Uses
Best Use
Office B
$397.9K
$348.2K – $464.2K
NOI $27,853 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$530.5K
$464.2K – $619.0K
NOI $37,137 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Class-A office units 300 and 330 are combined and offered vacant with furniture included.
Where is this office units located?
The property is located at 1531 Bradford Parkway Springfield, MO.
What is the asking price?
The asking price for this property is $839,900.
What are key features of this property?
This property features: Combined Class‑A office condominium units 300 & 330 offered together as a 3,515 SF suite.; Vacant and available for immediate occupancy; furniture included with the sale.; Reception and greeting area plus adjacent coffee bar/bistro lounge for staff or client hospitality.
