Mixed-Use Property with Office
For Sale
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1908 N NATIONAL AVE, Springfield, MO 65803
General Commercial property with office, warehouse, and residential remodeling potential.
Property Size1,698 SF
Price / SF$156.07
Days on Market64
Property Features for 1908 N NATIONAL AVE
General Information
Standard status
Active
Size
1,698 SF
Property subtype
Mixed Use, Special Purpose, Industrial
Site & Location
Neighborhood
Robberson
Building Details
Year Built
1904
Stories
2
Units
2
Listing Agency:
KW Greater Springfield
Listed By:
Rhett Smillie · License #MO 1999096866
(417) 880-1000
Source:
Crexi
Added: Aug 24
Changed: Oct 25
Last Checked: Oct 24 at 2:33PM
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 KW Greater Springfield
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Investment Insights
Based on property information with market context.
Located at 1908 N National Ave in Springfield, Missouri, this 1,698-square-foot mixed-use property combines office and warehouse characteristics with a residential remodeling component. Built in 1904, the property carries a General Commercial designation and offers a compact building format suited to continued commercial use or renovation planning. Its mixed-use classification reflects the combination of commercial workspace and residential remodel potential within the existing property.
Key Highlights
- 1,698 SF mixed‑use property
- Office and warehouse configuration
- Residential remodel component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,703
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,060
$254.1K
Cap Rate 7%
$181,471
$181.5K
Cap Rate 9%
$141,144
$141.1K
Market Conditions
NOI Build-Up for 1,698 SF
Gross rent
$21.4K $12.60/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$20.3K $11.97/SF
− OpEx
−$7.6K −$4.49/SF
NOI
$12.7K $7.48/SF
Area
Springfield, MO
Vacancy
5.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,060
Cap Rate 7%
$181,471
Cap Rate 9%
$141,144
Alternative Uses
Best Use
Mixed Use
$181.5K
$158.8K – $211.7K
NOI $12,703 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.3K
$224.3K – $299.0K
NOI $17,940 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - General Commercial property with office, warehouse, and residential remodeling potential.
Where is this mixed-use property located?
The property is located at 1908 N NATIONAL AVE Springfield, MO.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,698 SF mixed‑use property; Office and warehouse configuration; Residential remodel component
