Open-Plan Flex
For Sale
$210,000
1910 E Meadowmere St, Springfield, MO 65804
Flexible commercial layout with new carpet, private offices, storage, and a break area with sink.
Property Size2,500 SF
Price / SF$84
Days on Market65
Property Features for 1910 E Meadowmere St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Amenities
break area with sink
Building Details
Year Built
1964
Listing Agency:
Keller Williams Local
Listed By:
James L Bolin klrw369@kw.com
Source:
Trilakeshomesearch
Added: Jun 27
Changed: Aug 28
Last Checked: Aug 29 at 10:31AM
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 Keller Williams Local
Investment Insights
Based on property information with market context.
This 2,500-square-foot flex property was built in 1964 and offers an open interior suitable for office, retail, or combined commercial use. The building includes an office, two bathrooms, two storage closets, and a break area equipped with a sink. New carpet has been installed throughout the space.
The property is located at 1910 E Meadowmere St in Springfield, Missouri, within the Glenstone corridor and just off Glenstone. Other established properties surround the site, providing a commercial setting for a flexible business layout.
The property is located at 1910 E Meadowmere St in Springfield, Missouri, within the Glenstone corridor and just off Glenstone. Other established properties surround the site, providing a commercial setting for a flexible business layout.
Key Highlights
- 2,500 SF open‑plan flex building
- Office, retail, or combined‑use layout
- New carpet throughout the building
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
$18,605
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
8.86%
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%
$372,100
$372.1K
Cap Rate 7%
$265,786
$265.8K
Cap Rate 9%
$206,722
$206.7K
Market Conditions
NOI Build-Up for 2,500 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
$27.6K $11.04/SF
− Vacancy
−$1.0K −$0.41/SF
EGI
$26.6K $10.63/SF
− OpEx
−$8.0K −$3.19/SF
NOI
$18.6K $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 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%
$372,100
Cap Rate 7%
$265,786
Cap Rate 9%
$206,722
Alternative Uses
Best Use
Office B
$283.0K
$247.6K – $330.2K
NOI $19,810 @ 7.0% cap · market cap 9.43%
Second Best
Retail
$265.8K
$232.6K – $310.1K
NOI $18,605 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$377.3K
$330.2K – $440.2K
NOI $26,413 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Blooms Catering & Rental Llc — 1731 S Enterprise Ave, Springfield, MO 65804
- Coyote's Catering Crew — 1742 S Glenstone Ave, Springfield, MO 65804
- Dining by Design Catering & Events - KR — 1951 E Meadowmere St, Springfield, MO 65804
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial layout with new carpet, private offices, storage, and a break area with sink.
Where is this flex space located?
The property is located at 1910 E Meadowmere St Springfield, MO.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 2,500 SF open‑plan flex building; Office, retail, or combined‑use layout; New carpet throughout the building
