Retail
1715 E Independence St, Springfield, MO 65804
For Sale
Contact for pricing
A 45,870-square-foot retail property in Springfield, Missouri, offered for sale.
Property Size45,870 SF
Price / SF$192.76
Days on Market15
Property Features for 1715 E Independence St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Cap Rate
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
Listed By:
Chris Hollenbeck · License #SA584876000
(602) 538-7155
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 5:16PM
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 Cushman & Wakefield - Phoenix, Arizona
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property at 1715 E Independence St in Springfield, Missouri, contains 45,870 square feet. The listing identifies the transaction as a sale.
Key Highlights
- 45,870 square feet of retail space
- 6.50% cap rate
- Located at 1715 E Independence St in Springfield, Missouri
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$341,367
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,827,340
$6.8M
Cap Rate 7%
$4,876,671
$4.9M
Cap Rate 9%
$3,792,967
$3.8M
Market Conditions
NOI Build-Up for 45,870 SF
Gross rent
$506.4K $11.04/SF
− Vacancy
−$18.7K −$0.41/SF
EGI
$487.7K $10.63/SF
− OpEx
−$146.3K −$3.19/SF
NOI
$341.4K $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 Rate 5%
$6,827,340
Cap Rate 7%
$4,876,671
Cap Rate 9%
$3,792,967
Alternative Uses
Best Use
Retail
$4.88M
$4.27M – $5.69M
NOI $341,367 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.92M
$6.06M – $8.08M
NOI $484,629 @ 7.0% cap · market cap 5.48%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,047
Businesses Nearby
Explore this area
Business Placement
Demographics for 65804, MO
40,064
Population
20,118
Households
2
Avg Household Size
40
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
2,154
Density / Sq Mi
$58,288
Median Household Income
$40,103
Median Earnings
$898
Median Rent
$227,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Springfield, MO
Properties on Market for Retail space in Springfield
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A 45,870-square-foot retail property in Springfield, Missouri, offered for sale.
Where is this retail space located?
The property is located at 1715 E Independence St Springfield, MO.
What is the asking price?
The asking price for this property is $8,841,868.
What are key features of this property?
This property features: 45,870 square feet of retail space; 6.50% cap rate; Located at 1715 E Independence St in Springfield, Missouri
