Commercial Corner Development
1534 E Kearney Street Springfield, MO 65803
For Sale
$950,000
Commercially zoned corner lot with flat terrain, fenced sides, two curb cuts, and utilities including 3-phase power.
Property Size4,046 SF
Price / SF$234.80
Days on Market140
Property Features for 1534 E Kearney Street
General Information
- Standard status
- Active
- Size
- 4,046 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1982
Listing Agency:
(417) 576-1022
Listed By:
Keller Williams
(417) 576-1022
Source:
Xome
Added: Mar 6
Changed: Jul 23
Last Checked: Jul 24 at 5:06AM
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 Keller Williams
Investment Insights
Based on property information with market context.
This commercially zoned corner lot in Springfield, Missouri is located on the corner of Kearney and Delaware, with nearby access to the Glenstone & Kearney intersection. The site is flat and offers two sides that are fenced, along with two curb cuts providing access to public roads.
The property has Kearney Street frontage and is described as being seconds from one of the busiest intersections in town, with Kearney St listed at 20,000+ vehicles per day. Utilities are available on-site, including 3-phase power.
A main office/retail building sits on the property next to 8 single-bedroom units, creating a mixed-use configuration that can accommodate retail or office businesses.
The property has Kearney Street frontage and is described as being seconds from one of the busiest intersections in town, with Kearney St listed at 20,000+ vehicles per day. Utilities are available on-site, including 3-phase power.
A main office/retail building sits on the property next to 8 single-bedroom units, creating a mixed-use configuration that can accommodate retail or office businesses.
Key Highlights
- Commercially zoned corner lot at Kearney & Delaware in Springfield, MO
- 0.63‑acre lot with flat terrain and Kearney St frontage
- Two sides of the property are fenced with 2 curb cuts for access to public roads
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 | $44.7k | $11.04 |
| − Vacancy | −$1.9k | −$0.47 |
| EGI | $42.7k | $10.57 |
| − OpEx | −$10.7k | −$2.64 |
| NOI | $32.1k | $7.92 |
4,046 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$458.0K
$400.8K – $534.3K
NOI $32,060 @ 7.0% cap · market cap 3.37%
Second Best
Retail
$430.2K
$376.4K – $501.9K
NOI $30,111 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$610.7K
$534.3K – $712.5K
NOI $42,747 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Morgan's Auto Sales
Car Dealership
FAQs
What type of property is this?
Commercial land - Commercially zoned corner lot with flat terrain, fenced sides, two curb cuts, and utilities including 3-phase power.
Where is this commercial land located?
The property is located at 1534 E Kearney Street Springfield, MO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Commercially zoned corner lot at Kearney & Delaware in Springfield, MO; 0.63‑acre lot with flat terrain and Kearney St frontage; Two sides of the property are fenced with 2 curb cuts for access to public roads
