Flex Space with Fenced
1637 W College Street, Springfield, MO 65806
For Sale
$595,000
Commercial Sale, Springfield, MO
Property Size6,507 SF
Lot Size0.84 Acres
Price / SF$91.44
Days on Market48
Property Features for 1637 W College Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Fencing
Subdivision
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Roof type
Buildings
Listing Agency:
AMAX Real Estate
(417) 855-2333
Listed By:
Lina Robertson · License MO #2000172379
(417) 844-7265
Added: Sep 23
Changed: Oct 28
Last Checked: Nov 9 at 11:06PM
MLS# 60334723
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,507-square-foot flex property on 0.84 acres combines office space with heated shop and warehouse areas. A 12-foot grade-level door provides direct access to the work areas, and the chain-link perimeter fence encloses the outdoor yard. The property is zoned INC and includes two bathrooms.
Located in Springfield, the site has water available. Improvements include a new office furnace and air-conditioning system in 2018, a water heater replaced in 2020, and a shop furnace installed in 2024. The shop and warehouse have metal roofing; the office portion has composition roofing.
Located in Springfield, the site has water available. Improvements include a new office furnace and air-conditioning system in 2018, a water heater replaced in 2020, and a shop furnace installed in 2024. The shop and warehouse have metal roofing; the office portion has composition roofing.
Key Highlights
- 6,507‑square‑foot flex property on 0.84 acres
- Office, heated shop, and warehouse areas
- 12‑foot grade‑level loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,341
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,820
$506.8K
Cap Rate 7%
$362,014
$362.0K
Cap Rate 9%
$281,567
$281.6K
Market Conditions
NOI Build-Up for 6,507 SF
Gross rent
$30.5K $4.68/SF
− Vacancy
−$640 −$0.10/SF
EGI
$29.8K $4.58/SF
− OpEx
−$4.5K −$0.69/SF
NOI
$25.3K $3.89/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,820
Cap Rate 7%
$362,014
Cap Rate 9%
$281,567
Alternative Uses
Best Use
Warehouse
$362.0K
$316.8K – $422.4K
NOI $25,341 @ 7.0% cap · market cap 4.26%
Second Best
Industrial
$298.1K
$260.9K – $347.8K
NOI $20,869 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$982.1K
$859.4K – $1.15M
NOI $68,748 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Springfield
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office, heated work areas, warehouse space, and a secured outdoor area support a range of business operations.
Where is this flex space located?
The property is located at 1637 W College Street Springfield, MO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 6,507‑square‑foot flex property on 0.84 acres; Office, heated shop, and warehouse areas; 12‑foot grade‑level loading door
