Two-Building Mixed-Use
For Sale
$219,000
1640 E Florida Street, Springfield, MO 65803
A front commercial building and rear shop provide distinct customer-facing and work-space configurations.
Property Size5,996 SF
Price / SF$36.52
Days on Market481
Property Features for 1640 E Florida Street
General Information
Standard status
Active
Size
5,996 SF
Property subtype
Industrial
Site & Location
Neighborhood
Robberson
Taxes and HOA fees
Annual Taxes
$2,195
Building Details
Building Size
5,996 SF
Year Built
1963
Buildings
2
Listing Agency:
Complete Realty Sales & Mgmt
Listed By:
Brooke Y. Oberbeck
(417) 840-6587
Source:
Tolbertrealtors
Added: Jul 10, 2025
Changed: Nov 1
Last Checked: Nov 1 at 3:46PM
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 Complete Realty Sales & Mgmt
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Investment Insights
Based on property information with market context.
Two commercial buildings provide more than 5,000 square feet of combined space. The front structure offers a customer-facing configuration suited to retail, office, or service uses, while a separate rear shop provides space for storage or manufacturing. The property is located at 1640 E Florida Street in Springfield, Missouri.
Key Highlights
- Two commercial buildings with more than 5,000 square feet of combined space
- Front building configured for retail, office, or customer‑facing services
- Separate rear shop with storage and manufacturing use potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,230
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,600
$384.6K
Cap Rate 7%
$274,714
$274.7K
Cap Rate 9%
$213,667
$213.7K
Market Conditions
NOI Build-Up for 5,996 SF
Gross rent
$28.1K $4.68/SF
− Vacancy
−$589 −$0.10/SF
EGI
$27.5K $4.58/SF
− OpEx
−$8.2K −$1.37/SF
NOI
$19.2K $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%
$384,600
Cap Rate 7%
$274,714
Cap Rate 9%
$213,667
Alternative Uses
Best Use
Mixed Use
$640.8K
$560.7K – $747.6K
NOI $44,858 @ 7.0% cap · market cap 20.48%
Second Best
Retail
$637.5K
$557.8K – $743.7K
NOI $44,623 @ 7.0% cap · market cap 20.38%
Theoretical Best
Office A
$905.0K
$791.9K – $1.06M
NOI $63,349 @ 7.0% cap · market cap 28.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A front commercial building and rear shop provide distinct customer-facing and work-space configurations.
Where is this mixed-use property located?
The property is located at 1640 E Florida Street Springfield, MO.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two commercial buildings with more than 5,000 square feet of combined space; Front building configured for retail, office, or customer‑facing services; Separate rear shop with storage and manufacturing use potential
