Building Details

Year Built 1985

Buildings 1

Listing Agency: Keller Williams Local k***@kw.com Show Phone

Listed By: Adam Graddy · License #2004014961 Show Phone

Source: Onefiverealestate

Added: Apr 21 Changed: Nov 6 Last Checked: Nov 6 at 1:43AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This retail property contains 8,364 square feet on approximately 0.48 acres. The main floor offers a broad showroom, kitchen, and bathroom, with an open layout organized around a fireplace and sitting area. Below, the basement adds storage, workspace, and a second bathroom. A workshop and bay door provide additional functional space and basement access. The building was constructed in 1985, with parking available at both the front and rear.

At 2122 S Glenstone Avenue in Springfield, the property is adjacent to a Maverik gas station and near Red Lobster and The Carpet Shoppe, along with other retail and dining businesses.

Key Highlights

• 8,364 square feet on approximately 0.48 acres
• Main‑level showroom, kitchen, and bathroom
• Basement storage, workspace, and second bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,245

Cap Rate

7.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,244,900 $1.2M

Cap Rate 7%

$889,214 $889.2K

Cap Rate 9%

$691,611 $691.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,364 SF

Gross rent

$92.3K $11.04/SF

− Vacancy

−$3.4K −$0.41/SF

EGI

$88.9K $10.63/SF

− OpEx

−$26.7K −$3.19/SF

NOI

$62.2K $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 Rate 5%

$1,244,900

Cap Rate 7%

$889,214

Cap Rate 9%

$691,611

Alternative Uses

Best Use

Retail

$889.2K

$778.1K – $1.04M (±1% cap)

NOI $62,245 @ 7.0% cap · market cap 7.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,368 @ 7.0% cap · market cap 10.08%

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

Retail space

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Building Supply HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,760

Businesses Nearby

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - An open showroom layout includes a kitchen, workshop, and customer-facing fireplace area.

Where is this retail space located?

The property is located at 2122 S Glenstone Avenue Springfield, MO.

What is the asking price?

The asking price for this property is $876,500.

What are key features of this property?

This property features: 8,364 square feet on approximately 0.48 acres; Main‑level showroom, kitchen, and bathroom; Basement storage, workspace, and second bathroom