Missouri Commercial Portfolio For
For Sale
Contact for pricing
2381 W Spring Dr, Ozark, MO 65721
Diversified commercial portfolio in Springfield and Ozark, Missouri.
Property Size112,056 SF
Lot Size7.28 Acres
Price / SF$126.28
Days on Market175
Property Features for 2381 W Spring Dr
General Information
Standard status
Active
Size
112,056 SF
Class
B
Lot size
7.28 Acres
Property subtype
Industrial, Land, Office, Retail, Self Storage
Zoning
HC, GC
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Stabilized
Building Details
Year Built
1975
Year Renovated
2025
Buildings
7
Tenancy
Multi
Listing Agency:
Zamora Real Estate
(417) 522-9940
Listed By:
Gerald Zamora · License #MO 2003028519
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Jul 15 at 5:27PM
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 commercial portfolio for sale includes industrial, self-storage, land, and retail properties located in Springfield and Ozark, Missouri. The properties are in close proximity to major freeways and in Southwest Missouri's most coveted corridors. One property, located at 836 N Glenstone, features a 43,434 square-foot warehouse/retail space on 7.28 acres. The property is 100% occupied by Camping World RV Sales (NYSE: CWH) under an absolute NNN lease. It includes (27) 14' x 12' grade-level doors, (1) 10' x 8' grade level door, +/- 525' Glenstone frontage, 20' ceiling height, 3-phase power, (3) existing curb cuts, and a two-story office. The property is zoned Highway Commercial. Another property, located at 5560 N 22nd St & 2381 W Spring Drive, offers value-add potential with +/- 7.59 buildable acres. It features 68,622 SF of storage space, including 174 red-iron, fully insulated units with electricity and 7,600 SF of portable fiberglass storage units with 66 portable fiberglass units. There are 48+ parking spaces available for outdoor storage. The occupancy rate is 97%. The property is fully fenced with keypad entry and an electrotonic gate, and includes exterior lighting and security cameras. City sewer and city water are available.
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
$909,267
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
6.43%
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%
$18,185,340
$18.2M
Cap Rate 7%
$12,989,529
$13.0M
Cap Rate 9%
$10,102,967
$10.1M
Market Conditions
NOI Build-Up for 112,056 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
$1.41M $12.60/SF
− Vacancy
−$113.0K −$1.01/SF
EGI
$1.30M $11.59/SF
− OpEx
−$389.7K −$3.48/SF
NOI
$909.3K $8.11/SF
Area
Christian County, MO
Vacancy
8.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$18,185,340
Cap Rate 7%
$12,989,529
Cap Rate 9%
$10,102,967
Alternative Uses
Best Use
Self Storage
$12.99M
$11.37M – $15.15M
NOI $909,267 @ 7.0% cap · market cap 6.43%
Second Best
Retail
$11.91M
$10.42M – $13.90M
NOI $833,928 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$16.91M
$14.80M – $19.73M
NOI $1,183,903 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 65721, MO
32,975
Population
13,467
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
95.9 sq mi
ZIP Area
344
Density / Sq Mi
$76,552
Median Household Income
$41,653
Median Earnings
$991
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Diversified commercial portfolio in Springfield and Ozark, Missouri.
Where is this self storage facility located?
The property is located at 2381 W Spring Dr Ozark, MO.
What is the asking price?
The asking price for this property is $14,150,000.
