Veterinary Medical
For Sale
$850,000
1630 W Elfindale Street, Springfield, MO 65807
A leased clinic configuration combines multiple offices and exam rooms with heating controls serving three areas.
Property Size4,870 SF
Price / SF$174.54
Days on Market244
Property Features for 1630 W Elfindale Street
General Information
Standard status
Active
Size
4,870 SF
Class
Grade A
Property subtype
Office
Site & Location
Neighborhood
Fassnight
Additional Details
Tenant in Place
Yes
Property Use
Veterinary Clinic
Medical Specialty
veterinary
Taxes and HOA fees
Annual Taxes
$13,173
Amenities
zoned heating
Building Details
Building Size
4,870 SF
Year Built
1994
Buildings
1
Construction
brick
Tenancy
Single
Listing Agency:
Murney Associates - Primrose
Listed By:
Rebecca D Supak · License #1999117389
(417) 830-5954
Source:
Tolbertrealtors
Added: Mar 4
Changed: Nov 1
Last Checked: Nov 1 at 4:17PM
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 Murney Associates - Primrose
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Investment Insights
Based on property information with market context.
Built in 1994, this 4,870-square-foot medical office at 1630 W Elfindale Street in Springfield is occupied by a veterinary clinic. The mostly brick building has five offices, three exam rooms, two grooming rooms and three bathrooms. Heating is zoned across three areas, reflecting the building’s prior use as three separate office spaces.
The tenant has occupied the property for 10 years and supplied equipment for a full animal clinic. The current lease runs through 2028 and includes a five-year extension.
The tenant has occupied the property for 10 years and supplied equipment for a full animal clinic. The current lease runs through 2028 and includes a five-year extension.
Key Highlights
- Veterinary clinic tenant has occupied the property for 10 years
- 4,870 square feet; current lease expires in 2028 with a 5‑year extension
- Five offices, three exam rooms, two grooming rooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,590
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,800
$771.8K
Cap Rate 7%
$551,286
$551.3K
Cap Rate 9%
$428,778
$428.8K
Market Conditions
NOI Build-Up for 4,870 SF
Gross rent
$67.2K $13.80/SF
− Vacancy
−$2.9K −$0.59/SF
EGI
$64.3K $13.21/SF
− OpEx
−$25.7K −$5.28/SF
NOI
$38.6K $7.92/SF
Area
Springfield, MO
Vacancy
4.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,800
Cap Rate 7%
$551,286
Cap Rate 9%
$428,778
Alternative Uses
Best Use
Healthcare Medical
$551.3K
$482.4K – $643.2K
NOI $38,590 @ 7.0% cap · market cap 4.54%
Second Best
Office B
$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 authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Angel Animal Hospital — 1332 W Sunshine St, Springfield, MO 65807
- Dr. Gary Nie — 1332 W Sunshine St, Springfield, MO 65807
- Spring Valley Veterinary Hospital - WEST — 1634 W Elfindale St, Springfield, MO 65807
Frequently Asked Questions
What type of property is this?
Medical Office Space - A leased clinic configuration combines multiple offices and exam rooms with heating controls serving three areas.
Where is this medical office space 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: Veterinary clinic tenant has occupied the property for 10 years; 4,870 square feet; current lease expires in 2028 with a 5‑year extension; Five offices, three exam rooms, two grooming rooms and three bathrooms
