Retail/Office Space For
For Sale
Contact for pricing
Pending
1701 S Campbell Avenue, Springfield, MO 65807
3,980 SF retail/office space in central Springfield corridor.
Property Size3,980 SF
Days on Market694
Property Features for 1701 S Campbell Avenue
General Information
Standard status
Pending
Size
3,980 SF
Property subtype
Office, Retail
Lease Type
NNN
Building Details
Tenancy
Multi
Listing Agency:
Zamora Real Estate
(417) 522-9940
Listed By:
Gerald Zamora · License #MO 2003028519
Source:
Crexi
Added: Oct 7, 2024
Changed: Aug 8
Last Checked: Jul 24 at 1:32PM
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 Zamora Real Estate
Investment Insights
Based on property information with market context.
This 3,980 square foot retail/office space is available for sale or lease. It is situated in the central corridor of Springfield, near the intersection of Campbell and Sunshine Street, north of Bass Pro Shops. The location offers walkability to restaurants, shops, office buildings, and hotels. It is adjacent to the corner of Sunshine and Campbell, across from Bass Pro, and east of Starbucks, Taco Bell, and McDonald's. The property benefits from high traffic at the intersection of Campbell and Sunshine, which hosts restaurant retailers, strip malls, and Bass Pro Outdoor World. Nearby businesses include Bank of America, Creative Car Audio, and Flowerama, along with other local and national businesses. Springfield is the third-largest city in Missouri and the county seat of Greene County. The 2010 census recorded a population of 159,498, reflecting a 5.2% increase since 2000. The building is located at 1701 S Campbell Ave.
Key Highlights
- High‑traffic location at the intersection of Campbell and Sunshine, near Bass Pro Shops.
- 3,980 sf Retail/Office Space available for Sale or Lease.
- Located in a bustling central corridor of Springfield.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,619
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,380
$592.4K
Cap Rate 7%
$423,129
$423.1K
Cap Rate 9%
$329,100
$329.1K
Market Conditions
NOI Build-Up for 3,980 SF
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.
Gross rent
$43.9K $11.04/SF
− Vacancy
−$1.6K −$0.41/SF
EGI
$42.3K $10.63/SF
− OpEx
−$12.7K −$3.19/SF
NOI
$29.6K $7.44/SF
Area
Springfield, MO
Vacancy
3.70%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,380
Cap Rate 7%
$423,129
Cap Rate 9%
$329,100
Alternative Uses
Best Use
Retail
$423.1K
$370.2K – $493.7K
NOI $29,619 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.7K
$525.6K – $700.8K
NOI $42,050 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 3,980 SF retail/office space in central Springfield corridor.
Where is this retail space located?
The property is located at 1701 S Campbell Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of Campbell and Sunshine, near Bass Pro Shops.; 3,980 sf Retail/Office Space available for Sale or Lease.; Located in a bustling central corridor of Springfield.
