Dock-Loaded Warehouse
For Sale
$995,000
300 E Chestnut Street, Springfield, MO 65806
Commercial Sale, Springfield, MO
Property Size10,000 SF
Lot Size0.30 Acres
Price / SF$99.50
Days on Market48
Property Features for 300 E Chestnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INC
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
From Chestnut and Jefferson, E on W Chestnut Street to building on South of road.
Standard status
Active
APN
1313316006
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Beg Se Cor Robberson & Chestnut Sts E 100 Ft S 130 Ft W 100 Ft N To Beg
Tax Annual Amount
9221
Legal Description
Beg Se Cor Robberson & Chestnut Sts E 100 Ft S 130 Ft W 100 Ft N To Beg
Building Details
Year built
1963
Number of units
2
Listing Agency:
Alpha Realty MO, LLC
(417) 719-1560
Listed By:
Paul Tillman · License #2023024942
(417) 872-7468
Added: Jul 9
Changed: Aug 21
Last Checked: Aug 25 at 3:06AM
MLS# 60328444
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property combines approximately 10,000 square feet across two connected industrial buildings. The primary facility contains 8,500 SF with one dock-high door and one ramped drive-in door. A separate 1,500 SF warehouse adds another drive-in door, creating distinct areas for storage, production, or workspace. The property was built in 1963 and is zoned INC.
The connected secondary building is located at 638 N Roberson, while the primary address is 300 E Chestnut Street in Springfield, Missouri. The layout and loading configuration support warehousing, light manufacturing, contracting, distribution, and related industrial operations. The site encompasses 0.3 acres and includes a bathroom.
The connected secondary building is located at 638 N Roberson, while the primary address is 300 E Chestnut Street in Springfield, Missouri. The layout and loading configuration support warehousing, light manufacturing, contracting, distribution, and related industrial operations. The site encompasses 0.3 acres and includes a bathroom.
Key Highlights
- Approximately 10,000 square feet across two connected warehouse buildings
- Primary warehouse contains 8,500 SF with one dock‑high door and one ramped drive‑in door
- Additional 1,500 SF warehouse includes its own drive‑in door
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
$38,945
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
3.91%
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%
$778,900
$778.9K
Cap Rate 7%
$556,357
$556.4K
Cap Rate 9%
$432,722
$432.7K
Market Conditions
NOI Build-Up for 10,000 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
$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 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%
$778,900
Cap Rate 7%
$556,357
Cap Rate 9%
$432,722
Alternative Uses
Best Use
Warehouse
$556.4K
$486.8K – $649.1K
NOI $38,945 @ 7.0% cap · market cap 3.91%
Second Best
Industrial
$458.2K
$400.9K – $534.5K
NOI $32,072 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,653 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Devon Self Storage — 651 N Boonville Ave, Springfield, MO 65806
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- Meeks Warehouse — 404 N Jefferson Ave, Springfield, MO 65806
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facilities provide separate loading access and flexible space for storage, production, distribution, and contractor operations.
Where is this warehouse located?
The property is located at 300 E Chestnut Street Springfield, MO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Approximately 10,000 square feet across two connected warehouse buildings; Primary warehouse contains 8,500 SF with one dock‑high door and one ramped drive‑in door; Additional 1,500 SF warehouse includes its own drive‑in door
