Flex Facility with Production
For Sale
Contact for pricing
2453 E ELM ST, Springfield, MO 65806
Purpose-built commercial property combines sound-controlled rooms, offices, training space, and substantial electrical service.
Property Size10,500 SF
Lot Size4.60 Acres
Price / SF$261.90
Days on Market9
Property Features for 2453 E ELM ST
General Information
Standard status
Active
Size
10,500 SF
Total Parking Spaces
60
Lot size
4.60 Acres
Property subtype
Industrial, Special Purpose, Office
Zoning
LIC
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Amenities
Training room
Generator
Building Details
Year Built
2013
Units
1
Construction
precast concrete
Listing Agency:
Chambers Real Estate Services, LLC
(417) 889-4444
Listed By:
Todd Chambers · License #MO
Source:
Crexi
Added: Aug 24
Changed: Aug 31
Last Checked: Aug 31 at 8:54AM
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 Chambers Real Estate Services, LLC
Investment Insights
Based on property information with market context.
Built in 2013, this 10,500-square-foot flex facility features precast concrete construction and four soundproof production rooms plus a separate podcast room. Perimeter offices connect with adjacent workstations, while a training room supports additional operational needs. The building is sprinklered and includes a generator and significant electrical service.
The property occupies 4.6 acres at 2453 E Elm St in Springfield, Missouri, with 60 parking spaces and access to Hwy. 65 and I-44. Zoning is LIC. The site is described as quiet and includes a tower and adjacent shed that may or may not be part of a sale.
The property occupies 4.6 acres at 2453 E Elm St in Springfield, Missouri, with 60 parking spaces and access to Hwy. 65 and I-44. Zoning is LIC. The site is described as quiet and includes a tower and adjacent shed that may or may not be part of a sale.
Key Highlights
- 10,500‑square‑foot flex facility completed in 2013
- Four soundproof production rooms plus 1 podcast room
- Perimeter offices with adjacent workstations and a training room
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
$83,202
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
3.03%
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%
$1,664,040
$1.7M
Cap Rate 7%
$1,188,600
$1.2M
Cap Rate 9%
$924,467
$924.5K
Market Conditions
NOI Build-Up for 10,500 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
$115.9K $11.04/SF
− Vacancy
−$5.0K −$0.47/SF
EGI
$110.9K $10.57/SF
− OpEx
−$27.7K −$2.64/SF
NOI
$83.2K $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 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%
$1,664,040
Cap Rate 7%
$1,188,600
Cap Rate 9%
$924,467
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,202 @ 7.0% cap · market cap 3.03%
Second Best
Industrial
$481.1K
$421.0K – $561.3K
NOI $33,676 @ 7.0% cap · market cap 1.22%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,935 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Purpose-built commercial property combines sound-controlled rooms, offices, training space, and substantial electrical service.
Where is this flex space located?
The property is located at 2453 E ELM ST Springfield, MO.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 10,500‑square‑foot flex facility completed in 2013; Four soundproof production rooms plus 1 podcast room; Perimeter offices with adjacent workstations and a training room
