Freestanding Office with Executive
For Sale
$900,000
1838 E Bennett St, Springfield, MO 65804
Private offices, conference rooms, and lower-level fitness amenities support a varied workplace layout.
Property Size5,500 SF
Price / SF$163.64
Days on Market8
Property Features for 1838 E Bennett St
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Amenities
gym
Building Details
Year Built
1951
Buildings
1
Listing Agency:
Murney Associates - Primrose
Listed By:
Matt M Miller · License #MO 2004020753
(417) 576-3846
Source:
Trilakeshomesearch
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 7 at 2:14PM
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
Investment Insights
Based on property information with market context.
This freestanding office building contains approximately 5,500 square feet, with 12 private offices, multiple conference rooms, and a spacious reception area. An executive suite includes two offices, a full en-suite bathroom, and a separate administrative or reception area. The lower level is equipped as a gym with free weights, cardio equipment, and a sauna.
Multiple employee access points offer flexibility in how the interior is occupied. Select existing furniture, fixtures, and equipment may be included in the sale. Built in 1951, the property is located at 1838 E Bennett St in Springfield, Missouri.
Multiple employee access points offer flexibility in how the interior is occupied. Select existing furniture, fixtures, and equipment may be included in the sale. Built in 1951, the property is located at 1838 E Bennett St in Springfield, Missouri.
Key Highlights
- Approximately 5,500 square feet in a freestanding office building
- 12 private offices and multiple conference rooms
- Executive suite with two offices, a full en‑suite bathroom, and separate reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,582
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,640
$871.6K
Cap Rate 7%
$622,600
$622.6K
Cap Rate 9%
$484,244
$484.2K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$60.7K $11.04/SF
− Vacancy
−$2.6K −$0.47/SF
EGI
$58.1K $10.57/SF
− OpEx
−$14.5K −$2.64/SF
NOI
$43.6K $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%
$871,640
Cap Rate 7%
$622,600
Cap Rate 9%
$484,244
Alternative Uses
Best Use
Office B
$622.6K
$544.8K – $726.4K
NOI $43,582 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$830.1K
$726.4K – $968.5K
NOI $58,109 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,267
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Private offices, conference rooms, and lower-level fitness amenities support a varied workplace layout.
Where is this office building located?
The property is located at 1838 E Bennett St Springfield, MO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Approximately 5,500 square feet in a freestanding office building; 12 private offices and multiple conference rooms; Executive suite with two offices, a full en‑suite bathroom, and separate reception area
