Commercial Corner Development
For Sale
$950,000
1534 Kearney Street, Springfield, MO 65803
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 Market268
Property Features for 1534 Kearney Street
General Information
Standard status
Active
Size
4,046 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$3,890
Amenities
3
Building Details
Year Built
1982
Listing Agency:
(417) 576-1022
Listed By:
Keller Williams Local
(417) 576-1022
Source:
Xome
Added: Nov 17, 2025
Changed: Aug 12
Last Checked: Aug 12 at 4:22AM
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 Local
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
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
$32,060
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
3.37%
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%
$641,200
$641.2K
Cap Rate 7%
$458,000
$458.0K
Cap Rate 9%
$356,222
$356.2K
Market Conditions
NOI Build-Up for 4,046 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
$44.7K $11.04/SF
− Vacancy
−$1.9K −$0.47/SF
EGI
$42.7K $10.57/SF
− OpEx
−$10.7K −$2.64/SF
NOI
$32.1K $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%
$641,200
Cap Rate 7%
$458,000
Cap Rate 9%
$356,222
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
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?
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 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
