Two-Story Retail Office
For Sale
Contact for pricing
3044 S Fremont Ave, Springfield, MO 65804
Renovated in 2021, this two-story suite offers retail sales and office or treatment rooms with parking and front/rear access.
Property Size4,248 SF
Price / SF$217.75
Days on Market212
Property Features for 3044 S Fremont Ave
General Information
Standard status
Active
Size
4,248 SF
Property subtype
RETAIL
Building Details
Year Renovated
2021
Listing Agency:
SVN | Rankin Company, LLC
(417) 860-9951
Listed By:
Jack Rankin · License #2018038830
(417) 860-9951
Source:
Moodyscre
Added: Jan 23
Changed: Aug 14
Last Checked: Aug 22 at 11:44AM
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 renovated in 2021 retail condo includes a large entry and reception, sales floor, three private office or treatment rooms, a large storage room, restroom, and kitchenette on the first floor. The second floor features a lounge area, a second kitchenette, a large conference or training room, a private restroom with a shower, and two additional private office or treatment rooms.
The building provides parking and ingress/egress from both the front and the rear, supporting practical daily access for customers and staff.
With its mix of sales space, private rooms, and meeting or training space across two levels, the layout is designed to support a range of retail and office-style uses.
The building provides parking and ingress/egress from both the front and the rear, supporting practical daily access for customers and staff.
With its mix of sales space, private rooms, and meeting or training space across two levels, the layout is designed to support a range of retail and office-style uses.
Key Highlights
- Renovated in 2021: 4,248 SF two‑story retail/office suite near E. Battlefield Rd and S. Fremont Ave in SE Springfield, MO
- First floor includes large entry & reception, sales floor, three private office or treatment rooms, storage room, restroom, and kitchenette
- Second floor offers lounge area, 2nd kitchenette, large conference or training room, private restroom with shower, and two additional private office or treatment rooms
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
$31,614
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
3.42%
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%
$632,280
$632.3K
Cap Rate 7%
$451,629
$451.6K
Cap Rate 9%
$351,267
$351.3K
Market Conditions
NOI Build-Up for 4,248 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
$46.9K $11.04/SF
− Vacancy
−$1.7K −$0.41/SF
EGI
$45.2K $10.63/SF
− OpEx
−$13.5K −$3.19/SF
NOI
$31.6K $7.44/SF
Area
Springfield, MO
Vacancy
3.70%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
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%
$632,280
Cap Rate 7%
$451,629
Cap Rate 9%
$351,267
Alternative Uses
Best Use
Retail
$451.6K
$395.2K – $526.9K
NOI $31,614 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$641.2K
$561.0K – $748.0K
NOI $44,881 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,962
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Renovated in 2021, this two-story suite offers retail sales and office or treatment rooms with parking and front/rear access.
Where is this retail space located?
The property is located at 3044 S Fremont Ave Springfield, MO.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Renovated in 2021: 4,248 SF two‑story retail/office suite near E. Battlefield Rd and S. Fremont Ave in SE Springfield, MO; First floor includes large entry & reception, sales floor, three private office or treatment rooms, storage room, restroom, and kitchenette; Second floor offers lounge area, 2nd kitchenette, large conference or training room, private restroom with shower, and two additional private office or treatment rooms
