Industrial Warehouse with Drive-In
For Sale
Contact for pricing
300 East Chestnut Street, 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$107.53
Days on Market51
Property Features for 300 East Chestnut Street
General Information
Standard status
Active
Size
9,997 SF
Property subtype
Industrial
Zoning
Light Manufacturing
Lease Type
NNN
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
2
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Alpha Commercial
Listed By:
Paul Tillman · License #2023024942
Source:
Crexi
Added: Jul 9
Changed: Aug 26
Last Checked: Aug 24 at 8:44PM
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 Commercial
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 = 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
$38,933
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
3.62%
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%
$778,660
$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
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%
$778,660
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 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,621 @ 7.0% cap · market cap 9.83%
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
- Saftstor Storage — Springfield, MO 65806
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- 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 East Chestnut Street Springfield, MO.
What is the asking price?
The asking price for this property is $1,075,000.
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.
