Brick Professional Office
For Sale
Contact for pricing
1609 S Enterprise Avenue, Springfield, MO 65804
Private work areas are complemented by reception, conference, and shared kitchen space.
Property Size4,050 SF
Price / SF$1.67
Days on Market33
Property Features for 1609 S Enterprise Avenue
General Information
Standard status
Active
Size
4,050 SF
Total Parking Spaces
20
Property subtype
Office
Site & Location
Neighborhood
Oak Grove
Public Transit
Yes
Additional Details
Asking Price
$975,000
Office Units
11
Property Use
Office
Amenities
Reception and waiting areas
Conference area
Filing area
Additional storage
Shared kitchen
Common bathrooms
Wheelchair-accessible building
Natural lighting
Building Details
Year Built
1990
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Local
(417) 883-4900
Listed By:
Yonga Kim Yassa · License #2020041767
(417) 268-0111
Source:
Onefiverealestate
Added: Oct 1
Changed: Nov 2
Last Checked: Nov 1 at 1:43AM
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
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Investment Insights
Based on property information with market context.
This 4,050-square-foot brick office building was constructed in 1990 and contains 11 private offices or suites, including two with their own bathrooms. Reception and waiting areas, a conference area, filing space, storage, a shared kitchen, and common bathrooms round out the interior. The building is wheelchair accessible, with natural light throughout. The HVAC system has been upgraded, and the roof is less than two years old.
At 1609 S Enterprise Avenue in Springfield, the property offers access to major roads and public transportation. Approximately 20 parking spaces are available on site. The building was previously occupied by a CPA firm.
At 1609 S Enterprise Avenue in Springfield, the property offers access to major roads and public transportation. Approximately 20 parking spaces are available on site. The building was previously occupied by a CPA firm.
Key Highlights
- 4,050 square feet with 11 private offices or suites
- Two offices have private bathrooms
- Reception and waiting areas, conference space, filing area, storage, and shared kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,092
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,840
$641.8K
Cap Rate 7%
$458,457
$458.5K
Cap Rate 9%
$356,578
$356.6K
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$44.7K $11.04/SF
− Vacancy
−$1.9K −$0.47/SF
EGI
$42.8K $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 Rate 5%
$641,840
Cap Rate 7%
$458,457
Cap Rate 9%
$356,578
Alternative Uses
Best Use
Office B
$458.5K
$401.2K – $534.9K
NOI $32,092 @ 7.0% cap · market cap 475.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$611.3K
$534.9K – $713.2K
NOI $42,789 @ 7.0% cap · market cap 633.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
11
Office units
Location Intelligence
Trade Area within ½ mile
839
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Private work areas are complemented by reception, conference, and shared kitchen space.
Where is this office building located?
The property is located at 1609 S Enterprise Avenue Springfield, MO.
What are key features of this property?
This property features: 4,050 square feet with 11 private offices or suites; Two offices have private bathrooms; Reception and waiting areas, conference space, filing area, storage, and shared kitchen
