Flex Space with Garage
For Sale
$190,000
1912 E Meadowmere St, Springfield, MO 65804
Adaptable commercial building suitable for office, retail, or a combination of uses, with rear garage access and two bathrooms.
Property Size2,500 SF
Price / SF$76
Days on Market60
Property Features for 1912 E Meadowmere St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Additional Details
Gross Income
$18,000
Amenities
garage door
two bathrooms
laundry hookups
Building Details
Year Built
1964
Buildings
1
Building Size
2,500 SF
Listing Agency:
Keller Williams Local
Listed By:
Mina L Sorey klrw369@kw.com
Source:
Trilakeshomesearch
Added: Jul 3
Changed: Aug 30
Last Checked: Aug 30 at 2:40PM
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 at 1912 E Meadowmere St. offers a practical blend of office and retail functionality. The building includes two bathrooms, laundry hookups, and a garage door positioned at the rear. Constructed in 1964, the property is currently leased and provides an existing commercial configuration for continued use.
The site is located just off Glenstone in Springfield, with surrounding commercial properties nearby. An adjacent unit at 1910 is also available and is currently vacant, creating an option to evaluate neighboring space alongside the subject property.
The site is located just off Glenstone in Springfield, with surrounding commercial properties nearby. An adjacent unit at 1910 is also available and is currently vacant, creating an option to evaluate neighboring space alongside the subject property.
Key Highlights
- 2,500‑square‑foot flex building
- Office, retail, or combined‑use configuration
- Rear garage door for functional access
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
$8,018
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
4.22%
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%
$160,360
$160.4K
Cap Rate 7%
$114,543
$114.5K
Cap Rate 9%
$89,089
$89.1K
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
$11.7K $4.68/SF
− Vacancy
−$246 −$0.10/SF
EGI
$11.5K $4.58/SF
− OpEx
−$3.4K −$1.37/SF
NOI
$8.0K $3.21/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /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%
$160,360
Cap Rate 7%
$114,543
Cap Rate 9%
$89,089
Alternative Uses
Best Use
Industrial
$114.5K
$100.2K – $133.6K
NOI $8,018 @ 7.0% cap · market cap 4.22%
Second Best
Flex RnD
$106.4K
$93.1K – $124.1K
NOI $7,445 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$377.3K
$330.2K – $440.2K
NOI $26,413 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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 Industrial 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 - Adaptable commercial building suitable for office, retail, or a combination of uses, with rear garage access and two bathrooms.
Where is this flex space located?
The property is located at 1912 E Meadowmere St Springfield, MO.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 2,500‑square‑foot flex building; Office, retail, or combined‑use configuration; Rear garage door for functional access
