Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mixed-Use Destination in Farmers Park Title is generated by Realmo AI

    2144 E Republic Rd, Springfield, MO 65804

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Multi-use destination with LEED-certified buildings in Springfield's southeast corridor.

    Type:Retail, Office, Restaurant
    Added:
    Aug 1, 2018
    Days on Market:
    2864
    Last Refresh:
    May 19 at 9:32 pm

    Property Features for 2144 E Republic Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 2144 E Republic Rd Contact us

    We can help!

    Listing Contact
    Lee Mclean III, SIOR, CCIM

    Listing agent Lee Mclean III, SIOR, CCIM License #MO 2002005214

    Listing office SVN | Rankin Company, LLC

    Listing date Aug 1, 2018

    Source Crexi

    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 SVN | Rankin Company, LLC

    HighLights

    • Premium mixed‑use development in a strong southeast Springfield corridor.
    • Excellent accessibility via James River Freeway, Republic Road, Glenstone, and US Highway 65.
    • LEED®-certified buildings, lots, and landscaping emphasizing sustainability.
    • Features a market pavilion, park area with community gardens, and plaza space.
    • B‑103: First‑floor, creative infill office space available.
    • B‑202: Second‑floor office space with three offices, reception area, and restroom access available.

    Overview

    Farmers Park is a mixed-use development located in Springfield's southeast corridor, zoned General Retail. It offers a premium alternative to typical office and retail developments. The campus features LEED-certified buildings, lots, and landscaping, all designed and constructed with low impact and long-term sustainability principles in mind. Farmers Park comprises a market pavilion, a park area with community gardens, plaza space anchoring the pavilion, and 5 primary buildings. The location is near retail, restaurants, and offices at the convergence of James River Freeway, Republic Road, and Glenstone, and just a few minutes from US Highway 65, providing great access around the region. There are two spaces currently available. One space is a first-floor, creative infill office space. The other is a second-floor space with three office spaces, a reception area, and general access to restrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Little Sunshine's Playhouse ... High School Pediatric Brain Foundation High School Guaranty Bank Loan Service Spencer Fane LLP Law Firm 417girl Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.256934
    Latitude
    37.137092

    Nearby Similar for Lease

    • $12 SF/Yr
      1,225 SF

      Springfield Office Suite For Rent

      Professional office suite in Chesterfield Village, Springfield, MO.
      2101 W Chesterfield Boulevard, Springfield, MO 65807
      View Details
    • $12 SF/Yr
      2,200 SF

      Storefront Space in Parkcrest Center

      2,200 SF retail space in established Springfield shopping center.
      3833 S Campbell Avenue, Springfield, MO 65807
      View Details
    • $3,000/Mo
      5,000 SF

      Retail Space on South Glenstone

      High-visibility retail space in a busy Springfield commercial corridor.
      1327 S Glenstone Avenue, Springfield, MO 65804
      View Details
    • $1,500/Mo
      1,600 SF

      Glenstone Avenue Retail Space

      Commercial space on a primary retail corridor in Springfield, MO.
      1305 S Glenstone Avenue, Springfield, MO 65804
      View Details
    • $2,500/Mo
      2,278 SF

      Updated Office Building For Lease

      Updated office building in central Springfield location, ideal for businesses.
      1759 E Elm Street, Springfield, MO 65802
      View Details
    • $85,322 SF/Yr
      4,612 SF

      Medical/Office Suite on Sunshine Street

      4,612 SF medical/office suite on East Sunshine, Springfield, MO.
      2734 E Sunshine Street, Springfield, MO 65804
      View Details
    • $11 SF/Yr
      1,200 SF

      Retail Space Near High-Traffic Intersection

      Retail space in a desirable, high-traffic Springfield location.
      1300 E Sunshine Street, Springfield, MO 65804
      View Details
    • $54,000 SF/Yr
      3,000 SF

      High-Visibility Commercial Space Available

      Flexible commercial space on South Campbell Avenue, ideal for various businesses.
      3202 S Campbell Avenue, Springfield, MO 65807
      View Details
    • $2,050/Mo
      1,230 SF

      Downtown Springfield Office/Retail Spaces

      Office and retail spaces for lease in downtown Springfield, MO.
      400 E Walnut Street, Springfield, MO 65806
      View Details
    • $7 SF/Yr
      6,000 SF

      Versatile Commercial Space with Office

      6,000 SF commercial space with warehouse and office.
      1960 E Blaine Street, Springfield, MO 65803
      View Details
    • $14 SF/Yr
      5,296 SF

      Springfield Office Space For Lease

      Class A office space available for lease in Springfield.
      909 E Republic Road, Springfield, MO 65807
      View Details
    • $1,800/Mo

      Downtown Springfield Retail & Office

      Remodeled retail and office space in downtown Springfield.
      324 Park Central W, Springfield, MO 65806
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Multi-use destination with LEED-certified buildings in Springfield's southeast corridor.
    Where is this mixed-use property located?
    The property is located at 2144 E Republic Rd Springfield, MO.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Premium mixed‑use development in a strong southeast Springfield corridor.; Excellent accessibility via James River Freeway, Republic Road, Glenstone, and US Highway 65.; LEED®-certified buildings, lots, and landscaping emphasizing sustainability.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lee Mclean III, SIOR, CCIM
    Real Estate License ID: MO 2002005214
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2144 E Republic Rd, Springfield, MO 65804
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!