Freestanding Flex
For Sale
Contact for pricing
2024 E Mcdaniel Street, Springfield, MO 65802
Heating and air conditioning serve both the office and warehouse areas.
Property Size2,303 SF
Price / SF$0.00
Days on Market67
Property Features for 2024 E Mcdaniel Street
General Information
Standard status
Active
Size
2,303 SF
Property subtype
Industrial
Site & Location
Neighborhood
Bingham
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Conditioned Warehouse
Yes
Tenant in Place
Yes
Property Use
Office/Warehouse
Building Details
Year Built
1980
Listing Agency:
Reece Commercial
Listed By:
Ronald Tappan · License #1999026493
(417) 882-5710
Source:
Onefiverealestate
Added: Sep 1
Changed: Nov 5
Last Checked: Nov 5 at 1:52PM
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 Reece Commercial
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Investment Insights
Based on property information with market context.
This 2,303-square-foot freestanding flex property combines office and warehouse space, with heating and air conditioning throughout. Built in 1980, the building is currently occupied by a cabinet manufacturing tenant under a lease scheduled to end 11/30/26. The tenant is willing to leave with four weeks’ notice.
At 2024 E McDaniel Street in Springfield, the property offers access to US65 and I44. Chain-link fencing and a locking gate enclose the site.
At 2024 E McDaniel Street in Springfield, the property offers access to US65 and I44. Chain-link fencing and a locking gate enclose the site.
Key Highlights
- 2,303 square feet of freestanding office and warehouse space
- Office and warehouse areas have heating and air conditioning
- Current cabinet manufacturing tenant; lease term ends 11/30/26
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,859
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,180
$137.2K
Cap Rate 7%
$97,986
$98.0K
Cap Rate 9%
$76,211
$76.2K
Market Conditions
NOI Build-Up for 2,303 SF
Gross rent
$10.8K $4.68/SF
− Vacancy
−$226 −$0.10/SF
EGI
$10.6K $4.58/SF
− OpEx
−$3.7K −$1.60/SF
NOI
$6.9K $2.98/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,180
Cap Rate 7%
$97,986
Cap Rate 9%
$76,211
Alternative Uses
Best Use
Warehouse
$128.1K
$112.1K – $149.5K
NOI $8,969 @ 7.0% cap · market cap 81,536.36%
Second Best
Industrial
$105.5K
$92.3K – $123.1K
NOI $7,386 @ 7.0% cap · market cap 67,145.45%
Theoretical Best
Office A
$347.6K
$304.2K – $405.5K
NOI $24,332 @ 7.0% cap · market cap 221,200.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Heating and air conditioning serve both the office and warehouse areas.
Where is this flex space located?
The property is located at 2024 E Mcdaniel Street Springfield, MO.
What are key features of this property?
This property features: 2,303 square feet of freestanding office and warehouse space; Office and warehouse areas have heating and air conditioning; Current cabinet manufacturing tenant; lease term ends 11/30/26
