Office Building with 14
For Sale
Contact for pricing
3043 East Cairo Street, Springfield, MO 65802
Office building with a reception area, break room, conference room, and 14 offices, with zoning classifications to update in early 2026.
Property Size5,945 SF
Price / SF$144.66
Days on Market195
Property Features for 3043 East Cairo Street
General Information
Standard status
Active
Size
5,945 SF
Property subtype
Office
Zoning
General Manufacturing
Lease Type
NNN
Additional Details
Asking Price
$860,000
Amenities
reception area
break room
conference room
storage rooms
men's and women's restrooms
Listing Agency:
SVN | Rankin Company, LLC
Listed By:
Lee Mclean III, SIOR, CCIM · License #MO 2002005214
(417) 818-8894
Source:
Crexi
Added: Feb 26
Changed: Sep 8
Last Checked: Sep 9 at 5:40AM
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 SVN | Rankin Company, LLC
Investment Insights
Based on property information with market context.
This office building offers a functional layout with a reception area, 14 offices, a break room, a conference room, storage rooms, and men’s and women’s restrooms. At 5,945 SF, the space is designed to support everyday office operations with multiple private workrooms and shared-use areas.
The property is located at 3043 E Cairo St in Springfield, MO. The Springfield zoning classifications are noted to be modified by updated code in early 2026.
For buyers or tenants looking for an office configuration that includes both private offices and collaborative space, this building’s internal rooms provide a straightforward foundation for occupancy.
The property is located at 3043 E Cairo St in Springfield, MO. The Springfield zoning classifications are noted to be modified by updated code in early 2026.
For buyers or tenants looking for an office configuration that includes both private offices and collaborative space, this building’s internal rooms provide a straightforward foundation for occupancy.
Key Highlights
- 5,945 SF office building
- Reception area plus 14 offices
- Break room and conference 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
$47,108
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
5.48%
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%
$942,160
$942.2K
Cap Rate 7%
$672,971
$673.0K
Cap Rate 9%
$523,422
$523.4K
Market Conditions
NOI Build-Up for 5,945 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
$65.6K $11.04/SF
− Vacancy
−$2.8K −$0.47/SF
EGI
$62.8K $10.57/SF
− OpEx
−$15.7K −$2.64/SF
NOI
$47.1K $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%
$942,160
Cap Rate 7%
$672,971
Cap Rate 9%
$523,422
Alternative Uses
Best Use
Office B
$673.0K
$588.9K – $785.1K
NOI $47,108 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$897.3K
$785.1K – $1.05M
NOI $62,811 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
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 building - Office building with a reception area, break room, conference room, and 14 offices, with zoning classifications to update in early 2026.
Where is this office building located?
The property is located at 3043 East Cairo Street Springfield, MO.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 5,945 SF office building; Reception area plus 14 offices; Break room and conference room
