Office/Retail Space in
For Sale
Contact for pricing
2101 West Chesterfield Blvd A103 & A203, Springfield, MO 65807
2,010 SF office/retail space available for sale or lease.
Property Size2,010 SF
Price / SF$228.86
Days on Market152
Property Features for 2101 West Chesterfield Blvd A103 & A203
General Information
Standard status
Active
Size
2,010 SF
Class
B
Property subtype
Office, Retail
Lease Type
NNN
Building Details
Year Built
1994
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Zamora Real Estate
(417) 522-9940
Listed By:
Gerald Zamora · License #MO 2003028519
Source:
Crexi
Added: Mar 23
Changed: Aug 9
Last Checked: Aug 20 at 8:27AM
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 Zamora Real Estate
Investment Insights
Based on property information with market context.
This 2,010 square foot office/retail space is available for sale or lease in Springfield. The property includes two suites: A-103 on the first floor and A-203 on the second floor. Suite A-103 is 100% leased to H'Doubler Chiropractic. The real estate taxes for Suite A-103 in 2025 are $4,006.43. Suite A-203, located on the second level (no elevator), features two large private offices, a meeting room, a kitchenette, and one restroom. The main office in Suite A-203 includes 5-foot tall windows. The real estate taxes for Suite A-203 in 2025 are $3,179.62.
Key Highlights
- Office/Retail space available for sale or lease.
- Suite A‑103 (1st floor) is 100% leased, providing immediate income.
- Suite A‑203 (2nd floor) features two large private offices, meeting room, kitchenette, and restroom.
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
$15,927
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
3.46%
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%
$318,540
$318.5K
Cap Rate 7%
$227,529
$227.5K
Cap Rate 9%
$176,967
$177.0K
Market Conditions
NOI Build-Up for 2,010 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
$22.2K $11.04/SF
− Vacancy
−$954 −$0.47/SF
EGI
$21.2K $10.57/SF
− OpEx
−$5.3K −$2.64/SF
NOI
$15.9K $7.92/SF
Area
Springfield, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$318,540
Cap Rate 7%
$227,529
Cap Rate 9%
$176,967
Alternative Uses
Best Use
Office B
$227.5K
$199.1K – $265.5K
NOI $15,927 @ 7.0% cap · market cap 3.46%
Second Best
Retail
$213.7K
$187.0K – $249.3K
NOI $14,959 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$303.4K
$265.5K – $353.9K
NOI $21,236 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Explore this area
Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 2,010 SF office/retail space available for sale or lease.
Where is this office units located?
The property is located at 2101 West Chesterfield Blvd A103 & A203 Springfield, MO.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Office/Retail space available for sale or lease.; Suite A‑103 (1st floor) is 100% leased, providing immediate income.; Suite A‑203 (2nd floor) features two large private offices, meeting room, kitchenette, and restroom.
