Furnished Office
For Sale
$485,000
300-1531 E Bradford Pkwy, Springfield, MO 65804
Vacant, ADA-compliant professional suite with executive offices, collaborative areas, and immediate occupancy.
Property Size1,942 SF
Price / SF$249.74
Days on Market219
Property Features for 300-1531 E Bradford Pkwy
General Information
Standard status
Active
Size
1,942 SF
Class
Class A
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,773
Amenities
coffee bar/bistro lounge
conference room
copy/work room
ADA-compliant
Listing Agency:
Murney Associates - Primrose
Listed By:
Donna Cleous · License #1999012026
(417) 823-2300
Source:
Exprealty
Added: Jan 29
Changed: Aug 29
Last Checked: Sep 4 at 1:17PM
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 Murney Associates - Primrose
Investment Insights
Based on property information with market context.
This furnished office condominium offers approximately 1,942 square feet arranged for a polished professional operation. The suite includes a welcoming reception area that can also support displays or group collaboration, along with three executive offices, a conference room, and a dedicated copy and work room with extensive cabinetry and storage. A built-in reception desk and adjacent coffee bar or bistro lounge add practical support spaces for staff and visitors.
Interior finishes include slate flooring, exposed wood beams, designer lighting, and large windows that bring natural light into the workspace. The property is fully ADA-compliant and currently vacant for immediate occupancy. Its location near the James River Freeway provides access to Springfield’s Medical Mile and established office district.
Interior finishes include slate flooring, exposed wood beams, designer lighting, and large windows that bring natural light into the workspace. The property is fully ADA-compliant and currently vacant for immediate occupancy. Its location near the James River Freeway provides access to Springfield’s Medical Mile and established office district.
Key Highlights
- Approximately 1,942 square feet of furnished office space
- Three executive offices plus a dedicated conference room
- Reception area with built‑in desk, display capacity, and adjacent coffee bar or bistro lounge
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
$15,388
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
3.17%
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%
$307,760
$307.8K
Cap Rate 7%
$219,829
$219.8K
Cap Rate 9%
$170,978
$171.0K
Market Conditions
NOI Build-Up for 1,942 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
$21.4K $11.04/SF
− Vacancy
−$922 −$0.47/SF
EGI
$20.5K $10.57/SF
− OpEx
−$5.1K −$2.64/SF
NOI
$15.4K $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%
$307,760
Cap Rate 7%
$219,829
Cap Rate 9%
$170,978
Alternative Uses
Best Use
Office B
$219.8K
$192.4K – $256.5K
NOI $15,388 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,193
Businesses Nearby
Explore this area
Business Placement
Demographics for 65804, MO
40,064
Population
20,118
Households
2
Avg Household Size
40
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
2,154
Density / Sq Mi
$58,288
Median Household Income
$40,103
Median Earnings
$898
Median Rent
$227,000
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?
Office units - Vacant, ADA-compliant professional suite with executive offices, collaborative areas, and immediate occupancy.
Where is this office units located?
The property is located at 300-1531 E Bradford Pkwy Springfield, MO.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Approximately 1,942 square feet of furnished office space; Three executive offices plus a dedicated conference room; Reception area with built‑in desk, display capacity, and adjacent coffee bar or bistro lounge
