Freestanding Office
2356 N Boonville Avenue, Springfield, MO 65803
For Sale
Contact for pricing
A private restroom, covered carport and paved parking serve this compact office property.
Property Size752 SF
Price / SF$1.33
Days on Market29
Property Features for 2356 N Boonville Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Property Use
Amenities
private restroom
high-speed internet available
Building Details
Year Built
Buildings
Listing Agency:
Real Broker, LLC
(573) 520-3099
Listed By:
417realestate.com · License #2014009178
(417) 860-4670
Source:
Onefiverealestate
Added: Oct 10
Changed: Nov 6
Last Checked: Nov 7 at 4:40AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
Built in 1935, this freestanding office building contains 752 square feet and includes a private restroom. A covered carport and paved parking are also on site. The property is zoned INC, and high-speed internet is available.
The building is at 2356 N Boonville Avenue in Springfield, just south of Kearney Street. Highway 65 is accessible from the property, which fronts the N Boonville Avenue corridor.
The building is at 2356 N Boonville Avenue in Springfield, just south of Kearney Street. Highway 65 is accessible from the property, which fronts the N Boonville Avenue corridor.
Key Highlights
- 752‑square‑foot freestanding office building
- Built in 1935
- Private restroom, covered carport and paved parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,959
Suggested Prices Based on Cap Rates
Cap Rate 5%
$119,180
$119.2K
Cap Rate 7%
$85,129
$85.1K
Cap Rate 9%
$66,211
$66.2K
Market Conditions
NOI Build-Up for 752 SF
Gross rent
$8.3K $11.04/SF
− Vacancy
−$357 −$0.47/SF
EGI
$7.9K $10.57/SF
− OpEx
−$2.0K −$2.64/SF
NOI
$6.0K $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 Rate 5%
$119,180
Cap Rate 7%
$85,129
Cap Rate 9%
$66,211
Alternative Uses
Best Use
Office B
$85.1K
$74.5K – $99.3K
NOI $5,959 @ 7.0% cap · market cap 595.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$113.5K
$99.3K – $132.4K
NOI $7,945 @ 7.0% cap · market cap 794.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Springfield, MO
Properties on Market for Office buildings in Springfield
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A private restroom, covered carport and paved parking serve this compact office property.
Where is this office building located?
The property is located at 2356 N Boonville Avenue Springfield, MO.
What are key features of this property?
This property features: 752‑square‑foot freestanding office building; Built in 1935; Private restroom, covered carport and paved parking
