Updated Retail Center with Multiple
1938 South Glenstone Avenue Springfield, MO 65804
New
For Sale
Contact for pricing
Recently updated retail center with six suites and established occupancy, positioned in front of Plaza Shopping Center.
Property Size6,006 SF
Price / SF$226.44
Days on Market6
Property Features for 1938 South Glenstone Avenue
General Information
- Standard status
- Active
- Size
- 6,006 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing Agency:
Graddy Real Estate
(417) 883-4900
Listed By:
Adam Graddy · License #MO 2004014961
Source:
Crexi
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 26 at 2:01PM
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 Graddy Real Estate
Investment Insights
Based on property information with market context.
This recently updated retail center is configured with six suites, with four established tenants currently occupying space. The property is designed to support ongoing commercial use, offering flexibility for future occupancy and tenant mix within the existing suite layout.
Located at 1938 South Glenstone Avenue, the center sits directly in front of Plaza Shopping Center along one of Springfield’s busiest commercial corridors. The property benefits from strong visibility, ample parking, and approximately 40,000 vehicles per day for customer awareness and access.
Located at 1938 South Glenstone Avenue, the center sits directly in front of Plaza Shopping Center along one of Springfield’s busiest commercial corridors. The property benefits from strong visibility, ample parking, and approximately 40,000 vehicles per day for customer awareness and access.
Key Highlights
- Commercial retail center at 1938 S. Glenstone Avenue, built in 1979 and recently updated
- Fronts Plaza Shopping Center on Springfield’s busiest commercial corridor with approximately 40,000 vehicles per day
- Configured with 6 suites and currently occupied by 4 established tenants
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.3k | $11.04 |
| − Vacancy | −$2.5k | −$0.41 |
| EGI | $63.9k | $10.63 |
| − OpEx | −$19.2k | −$3.19 |
| NOI | $44.7k | $7.44 |
6,006 SF · lease $11.04/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$638.5K
$558.7K – $745.0K
NOI $44,697 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$906.5K
$793.2K – $1.06M
NOI $63,455 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mina Alterations
(Bike/Boat/Book/etc) Store
THE LIQUIDATION CENTER llc
Real Estate Agency
Total Body Harmony ...
Alternative Medicine Practice
Hickory Lane Plants
Garden Center
Amazon Counter - Hickory ...
Courier Service
Similar Off Market Nearby
- Plaza Towers Center — S Glenstone Ave, Springfield, MO 65804
- Plaza Shopping Center — 1907 S Glenstone Ave, Springfield, MO 65804
- Spring Valley Shopping Center — 1675 E Seminole St, Springfield, MO 65804
- Tower Grove Shopping Center — 1803 E Seminole St, Springfield, MO 65804, United States
- L&L luckylynns — 1914 s glenn ave, springfield, mo 65807
FAQs
What type of property is this?
Shopping center - Recently updated retail center with six suites and established occupancy, positioned in front of Plaza Shopping Center.
Where is this shopping center located?
The property is located at 1938 South Glenstone Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: Commercial retail center at 1938 S. Glenstone Avenue, built in 1979 and recently updated; Fronts Plaza Shopping Center on Springfield’s busiest commercial corridor with approximately 40,000 vehicles per day; Configured with 6 suites and currently occupied by 4 established tenants
