Two-Unit Flex
For Sale
$389,000
1625 N Campbell Avenue, Springfield, MO 65803
Occupied commercial units offer open space, work areas, restrooms, and rear overhead-door access.
Property Size5,518 SF
Lot Size0.49 Acres
Price / SF$70.50
Days on Market58
Property Features for 1625 N Campbell Avenue
General Information
Standard status
Active
Size
5,518 SF
Lot size
0.49 Acres
Property subtype
Commercial
Zoning
INC
Financials
Asking Price
$389,000
Opportunity Zone
Yes
Site & Location
Neighborhood
Grant Beach
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Tenant in Place
Yes
Property Use
Commercial
Taxes and HOA fees
Annual Taxes
$3,254
Building Details
Building Size
5,518 SF
Year Built
1946
Units
2
Tenancy
Multi
Listing Agency:
Smith Realty
(417) 986-7917
Listed By:
Genevieve H. Henry
(417) 861-0266
Source:
Jimhutchesonrealtors
Added: Sep 3
Changed: Oct 30
Last Checked: Oct 30 at 1:48AM
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 Smith Realty
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Investment Insights
Based on property information with market context.
This 5,518-square-foot flex property contains two separately addressed units on approximately 0.49 acres. The 1623 unit has an open floor plan and an ADA-accessible bathroom. At 1625, several office or work areas are complemented by two restrooms and separate rear storage. Both units have rear overhead doors, and a security-fenced area behind the building is accessed through a double gate. Additional side-lot area is part of the parcel.
Both units are tenant-occupied, with stated lease terms running through July 2027. The property is on N. Campbell Avenue in Springfield, just south of Historic Commercial Street, with access to Downtown Springfield, Division Street, Kansas Expressway, and Interstate 44. The parcel is in Opportunity Zone Census Tract 29077000600. No designated parking spaces are included; street parking is presently available along N. Campbell Avenue, the back lot, and the alleyway.
Both units are tenant-occupied, with stated lease terms running through July 2027. The property is on N. Campbell Avenue in Springfield, just south of Historic Commercial Street, with access to Downtown Springfield, Division Street, Kansas Expressway, and Interstate 44. The parcel is in Opportunity Zone Census Tract 29077000600. No designated parking spaces are included; street parking is presently available along N. Campbell Avenue, the back lot, and the alleyway.
Key Highlights
- 5,518‑square‑foot property on approximately 0.49 acres
- Two separately addressed, tenant‑occupied units with stated lease terms through July 2027
- Rear overhead‑door access at both units; fenced rear area has double‑gate access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,697
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,940
$353.9K
Cap Rate 7%
$252,814
$252.8K
Cap Rate 9%
$196,633
$196.6K
Market Conditions
NOI Build-Up for 5,518 SF
Gross rent
$25.8K $4.68/SF
− Vacancy
−$542 −$0.10/SF
EGI
$25.3K $4.58/SF
− OpEx
−$7.6K −$1.37/SF
NOI
$17.7K $3.21/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,940
Cap Rate 7%
$252,814
Cap Rate 9%
$196,633
Alternative Uses
Best Use
Industrial
$252.8K
$221.2K – $295.0K
NOI $17,697 @ 7.0% cap · market cap 4.55%
Second Best
Flex RnD
$234.8K
$205.4K – $273.9K
NOI $16,433 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$832.8K
$728.7K – $971.7K
NOI $58,299 @ 7.0% cap · market cap 14.99%
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
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Aladdin — 900 N Benton Ave, Springfield, MO 65802
Frequently Asked Questions
What type of property is this?
Flex space - Occupied commercial units offer open space, work areas, restrooms, and rear overhead-door access.
Where is this flex space located?
The property is located at 1625 N Campbell Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 5,518‑square‑foot property on approximately 0.49 acres; Two separately addressed, tenant‑occupied units with stated lease terms through July 2027; Rear overhead‑door access at both units; fenced rear area has double‑gate access
