Brick Medical Office
1630 W Elfindale Street Springfield, MO 65807
1630 W Elfindale Street, Springfield, MO, 65807
$850,000
For Sale
$850,000
Leased grade A office building with animal clinic layout, including exam, grooming rooms, and multiple offices.
Property Size4,870 SF
Price / SF$174.54
Days on Market192
Property Features for 1630 W Elfindale Street
General Information
- Standard status
- Active
- Size
- 4,870 SF
- Property subtype
- Office
Building Details
- Year Built
- 1994
Listing agency
Primrose
(417) 830-5954
Listed by
Murney Associates
(417) 830-5954
Source
Xome
Added: Jan 11 Updated: Jul 21 at 10:05PM Checked: Jul 21 at 10:05PM
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.
Grade A, mostly brick office building currently under lease to a long-time veterinary clinic. The interior is arranged with five offices, three exam rooms, two grooming rooms, and three bathrooms. The property has zoned heating in three areas, reflecting the building’s prior configuration as three individual office spaces.
The current tenant has been in place for 10 years, and the lease expires in 2028 with a five-year extension. This offering is presented as a long-term investment tied to the existing clinic tenancy.
The space is designed to support a full animal clinic operation based on the current tenant’s supplied equipment and clinic-specific rooming layout, including dedicated exam and grooming rooms.
The current tenant has been in place for 10 years, and the lease expires in 2028 with a five-year extension. This offering is presented as a long-term investment tied to the existing clinic tenancy.
The space is designed to support a full animal clinic operation based on the current tenant’s supplied equipment and clinic-specific rooming layout, including dedicated exam and grooming rooms.
Key Highlights
- Under lease to a long‑time veterinary clinic for 10 years; tenant equipment included for a full animal clinic
- Lease expires in 2028 with a 5‑year extension
- Animal clinic layout with 5 offices, 3 exam rooms, and 2 grooming rooms
Local 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 | $53.8k | $11.04 |
| − Vacancy | −$2.3k | −$0.47 |
| EGI | $51.5k | $10.57 |
| − OpEx | −$12.9k | −$2.64 |
| NOI | $38.6k | $7.92 |
4,870 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$551.3K
$482.4K – $643.2K
NOI $38,590 @ 7.0% cap · market cap 4.54%
Second Best
Healthcare Medical
$551.3K
$482.4K – $643.2K
NOI $38,590 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$735.0K
$643.2K – $857.6K
NOI $51,453 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Leased grade A office building with animal clinic layout, including exam, grooming rooms, and multiple offices.
Where is this office building located?
The property is located at 1630 W Elfindale Street Springfield, MO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Under lease to a long‑time veterinary clinic for 10 years; tenant equipment included for a full animal clinic; Lease expires in 2028 with a 5‑year extension; Animal clinic layout with 5 offices, 3 exam rooms, and 2 grooming rooms
