Mixed-Use Office and
222 E Water St Springfield, MO 65806
New
For Sale
$1,400,000
Two-level office space with executive offices and conference room, plus two upper-level loft apartments.
Days on Market5
Property Features for 222 E Water St
General Information
Standard status
Active
Property subtype
Office - General Office
Building Details
Year Built
1885
Listing Agency:
Moreno Group Commercial Realty
(417) 351-3131
Listed By:
Tyler Ray · License ##2018016609
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 29 at 3:50AM
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 Moreno Group Commercial Realty
Investment Insights
Based on property information with market context.
Located at the SE corner of Water Street and Boonville Avenue, 222 E Water Street is a mixed-use owner-user and investment property in Downtown Springfield, Missouri. The building includes approximately 5,240 SF of office space across two levels, with five executive offices, a large conference room, two kitchenettes, and expansive open workspace. Abundant natural light and exposed ceilings help define a distinctive modern interior.
The property also features two upper-level loft apartments that provide supplemental rental income. For parking and access, there is a large private parking lot and a 4-car garage.
Center City zoning is noted, and the layout supports combined use with income-producing residential units on the upper level.
The property also features two upper-level loft apartments that provide supplemental rental income. For parking and access, there is a large private parking lot and a 4-car garage.
Center City zoning is noted, and the layout supports combined use with income-producing residential units on the upper level.
Key Highlights
- 5,240 SF two‑level office space with five executive offices, a large conference room, two kitchenettes, and open workspace
- Abundant natural light with exposed ceilings on the office levels
- Two upper‑level loft apartments to provide supplemental rental income
Financial Insights For Multifamily LT 5
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 | $121.8k | $13.80 |
| − Vacancy | −$7.5k | −$0.85 |
| EGI | $114.3k | $12.95 |
| − OpEx | −$34.3k | −$3.88 |
| NOI | $80.0k | $9.06 |
8,825 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$999.9K – $1.33M
NOI $79,990 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$1.02M
$891.8K – $1.19M
NOI $71,341 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,239 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level office space with executive offices and conference room, plus two upper-level loft apartments.
Where is this mixed-use property located?
The property is located at 222 E Water St Springfield, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5,240 SF two‑level office space with five executive offices, a large conference room, two kitchenettes, and open workspace; Abundant natural light with exposed ceilings on the office levels; Two upper‑level loft apartments to provide supplemental rental income
