Industrial Warehouse with Drive-In
For Sale
$960,000
300 E Chestnut St, Springfield, MO 65806
Two-warehouse industrial property totaling about 10,000 square feet, with dock-high and drive-in loading options.
Property Size9,997 SF
Price / SF$96.03
Days on Market111
Property Features for 300 E Chestnut St
General Information
Standard status
Active
Size
9,997 SF
Property subtype
Commercial
Site & Location
Neighborhood
Midtown
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
2
Building Details
Year Built
1963
Listing Agency:
Alpha Realty MO, LLC
Listed By:
Paul Tillman · License #2023024942
(417) 872-7468
Source:
Trilakeshomesearch
Added: Jul 7
Changed: Oct 19
Last Checked: Oct 24 at 5:36PM
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 Alpha Realty MO, LLC
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Investment Insights
Based on property information with market context.
The property includes approximately 10,000 square feet of industrial space arranged as one primary 8,500 SF warehouse and an additional 1,500 SF warehouse. The primary warehouse is equipped with one dock-high door and one ramped drive-in door, supporting flexible loading and unloading. The secondary warehouse has its own drive-in door, adding convenient space for storage, production, or workspace.
Designed for practical industrial use, the functional layout is described as well suited for warehousing, light manufacturing, contractors, and distribution. It is offered for sale.
With two distinct warehouse areas and multiple loading configurations, the site provides room to separate functions across the main warehouse and secondary warehouse while keeping loading accessible via dock-high and drive-in access.
Designed for practical industrial use, the functional layout is described as well suited for warehousing, light manufacturing, contractors, and distribution. It is offered for sale.
With two distinct warehouse areas and multiple loading configurations, the site provides room to separate functions across the main warehouse and secondary warehouse while keeping loading accessible via dock-high and drive-in access.
Key Highlights
- ~10,000 SF industrial property with two warehouses: ~8,500 SF primary and ~1,500 SF secondary.
- Primary warehouse has 1 dock‑high door plus 1 ramped drive‑in door for flexible loading and unloading.
- Secondary warehouse includes its own drive‑in door for added storage, production, or workspace.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,933
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,660
$778.7K
Cap Rate 7%
$556,186
$556.2K
Cap Rate 9%
$432,589
$432.6K
Market Conditions
NOI Build-Up for 9,997 SF
Gross rent
$46.8K $4.68/SF
− Vacancy
−$983 −$0.10/SF
EGI
$45.8K $4.58/SF
− OpEx
−$6.9K −$0.69/SF
NOI
$38.9K $3.89/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,660
Cap Rate 7%
$556,186
Cap Rate 9%
$432,589
Alternative Uses
Best Use
Warehouse
$556.2K
$486.7K – $648.9K
NOI $38,933 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,621 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,070
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Saftstor Storage — Springfield, MO 65806
- Springfield storage — Springfield, MO 65806
- Meeks Warehouse — 404 N Jefferson Ave, Springfield, MO 65806
- Devon Self Storage — 651 N Boonville Ave, Springfield, MO 65806
Frequently Asked Questions
What type of property is this?
Warehouse - Two-warehouse industrial property totaling about 10,000 square feet, with dock-high and drive-in loading options.
Where is this warehouse located?
The property is located at 300 E Chestnut St Springfield, MO.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: ~10,000 SF industrial property with two warehouses: ~8,500 SF primary and ~1,500 SF secondary.; Primary warehouse has 1 dock‑high door plus 1 ramped drive‑in door for flexible loading and unloading.; Secondary warehouse includes its own drive‑in door for added storage, production, or workspace.
