Office Building with Private
For Sale
Contact for pricing
1759 E Elm Street, Springfield, MO 65802
Recently refreshed workspace includes a reception area, kitchenette, and multiple rooms for meetings or focused work.
Property Size2,278 SF
Price / SF$1.10
Days on Market28
Property Features for 1759 E Elm Street
General Information
Standard status
Active
Size
2,278 SF
Property subtype
Office
Site & Location
Neighborhood
Rountree/Walnut
Building Details
Year Built
1973
Buildings
1
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Heintz + Nunn + Brown Group · License #2014005951
(417) 209-2525
Source:
Onefiverealestate
Added: Oct 6
Changed: Nov 1
Last Checked: Nov 1 at 1:40AM
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.
At 1759 E. Elm Street, this freestanding office building contains 2,278 square feet and was built in 1973. Recent interior work includes fresh paint and new commercial-grade carpet. The layout provides 5-6 private offices, two larger rooms, two bathrooms, a kitchenette, a supply room, and a reception and waiting area near the entrance.
The property is in Springfield, just off Glenstone and near major commercial corridors. Its varied room sizes support a range of office configurations.
The property is in Springfield, just off Glenstone and near major commercial corridors. Its varied room sizes support a range of office configurations.
Key Highlights
- 2,278‑square‑foot freestanding office building
- 5‑6 private offices and two larger rooms
- Two bathrooms, kitchenette, supply room, and reception and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,051
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,020
$361.0K
Cap Rate 7%
$257,871
$257.9K
Cap Rate 9%
$200,567
$200.6K
Market Conditions
NOI Build-Up for 2,278 SF
Gross rent
$25.1K $11.04/SF
− Vacancy
−$1.1K −$0.47/SF
EGI
$24.1K $10.57/SF
− OpEx
−$6.0K −$2.64/SF
NOI
$18.1K $7.92/SF
Area
Springfield, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,020
Cap Rate 7%
$257,871
Cap Rate 9%
$200,567
Alternative Uses
Best Use
Office B
$257.9K
$225.6K – $300.9K
NOI $18,051 @ 7.0% cap · market cap 722.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.8K
$300.9K – $401.1K
NOI $24,068 @ 7.0% cap · market cap 962.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Recently refreshed workspace includes a reception area, kitchenette, and multiple rooms for meetings or focused work.
Where is this office building located?
The property is located at 1759 E Elm Street Springfield, MO.
What are key features of this property?
This property features: 2,278‑square‑foot freestanding office building; 5‑6 private offices and two larger rooms; Two bathrooms, kitchenette, supply room, and reception and waiting area
