Flex Space with Open
For Sale
$275,000
Pending
1830 N Nias Ave, Springfield, MO 65803
Functional commercial building with office frontage, adaptable warehouse space, and direct access to major interstate routes.
Property Size5,000 SF
Lot Size0.72 Acres
Days on Market136
Property Features for 1830 N Nias Ave
General Information
Standard status
Pending
Size
5,000 SF
Lot size
0.72 Acres
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$3,777
Building Details
Building Size
5,000 SF
Listing Agency:
Ozarks Sky Realty
(417) 459-6281
Listed By:
Rachel Marie Reaves
(417) 459-6281
Source:
Exprealty
Added: Apr 17
Changed: Aug 30
Last Checked: Aug 30 at 5:32PM
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 Ozarks Sky Realty
Investment Insights
Based on property information with market context.
This 5,000-square-foot flex property at 1830 N Nias Ave includes a front office area and an open warehouse section. The building is currently used for storage and has three overhead doors, including two standard doors and one 14-foot door, plus a side entry. The layout supports industrial, workshop, and storage applications.
The property occupies approximately 0.72 acres in Northeast Springfield, with convenient access to Interstate 65 and Interstate 44. The site also provides additional area for parking, storage, or outdoor use.
The property occupies approximately 0.72 acres in Northeast Springfield, with convenient access to Interstate 65 and Interstate 44. The site also provides additional area for parking, storage, or outdoor use.
Key Highlights
- 5,000 SF flex building on approximately 0.72 acres
- Front office area with open warehouse configuration
- Three overhead doors: two standard and one 14'
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
$19,472
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
7.08%
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%
$389,440
$389.4K
Cap Rate 7%
$278,171
$278.2K
Cap Rate 9%
$216,356
$216.4K
Market Conditions
NOI Build-Up for 5,000 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
$23.4K $4.68/SF
− Vacancy
−$491 −$0.10/SF
EGI
$22.9K $4.58/SF
− OpEx
−$3.4K −$0.69/SF
NOI
$19.5K $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 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%
$389,440
Cap Rate 7%
$278,171
Cap Rate 9%
$216,356
Alternative Uses
Best Use
Warehouse
$278.2K
$243.4K – $324.5K
NOI $19,472 @ 7.0% cap · market cap 7.08%
Second Best
Industrial
$229.1K
$200.5K – $267.3K
NOI $16,036 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$754.7K
$660.3K – $880.4K
NOI $52,826 @ 7.0% cap · market cap 19.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional commercial building with office frontage, adaptable warehouse space, and direct access to major interstate routes.
Where is this flex space located?
The property is located at 1830 N Nias Ave Springfield, MO.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 5,000 SF flex building on approximately 0.72 acres; Front office area with open warehouse configuration; Three overhead doors: two standard and one 14'
