Renovated Retail
For Sale
$925,000
3060 S Fremont Ave Unit A-5, Springfield, MO 65804
Flexible commercial condo with showroom potential, private rooms, delivery access, and shared parking in an established retail development.
Property Size4,248 SF
Price / SF$217.75
Days on Market28
Property Features for 3060 S Fremont Ave Unit A-5
General Information
Standard status
Active
Size
4,248 SF
Property subtype
Commercial
Zoning
GR
Site & Location
Traffic Count
12,785 vehicles/day
Road Access
Yes
Additional Details
Floor
Main, Upper
Amenities
two restrooms
upper-level shower
large rear double doors
additional rear office entrance
Building Details
Year Built
1997
Year Renovated
2021
Listing Agency:
Murney Associates - Primrose
Listed By:
Donna Cleous · License #1999012026
(417) 823-2300
Source:
Trilakeshomesearch
Added: Aug 14
Changed: Sep 9
Last Checked: Sep 9 at 3:36PM
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 Murney Associates - Primrose
Investment Insights
Based on property information with market context.
This 4,248-square-foot commercial condo combines a customer-facing main level with finished upper-floor space. The approximately 2,744-square-foot lower level supports open display, service, and work areas alongside private rooms or offices, while the 1,504-square-foot upper level adds usable finished space, a shower, and an office configuration. The property includes two restrooms, large rear double doors for deliveries, and a separate rear office entrance. Renovation work was completed in 2021, and the building was originally constructed in 1997.
The suite is part of Fremont Avenue Village, with shared parking and access from S. Fremont Avenue plus rear entry from Pickwick Place. GR-General Retail zoning supports a range of commercial applications, including retail, showroom, salon, spa and wellness, medical, and professional office uses. Fremont Avenue recorded approximately 12,785 vehicles per day, while nearby Battlefield Road recorded 27,989 vehicles per day based on 2024 counts. Battlefield Mall and a broad mix of restaurants, retailers, and medical services are nearby.
The suite is part of Fremont Avenue Village, with shared parking and access from S. Fremont Avenue plus rear entry from Pickwick Place. GR-General Retail zoning supports a range of commercial applications, including retail, showroom, salon, spa and wellness, medical, and professional office uses. Fremont Avenue recorded approximately 12,785 vehicles per day, while nearby Battlefield Road recorded 27,989 vehicles per day based on 2024 counts. Battlefield Mall and a broad mix of restaurants, retailers, and medical services are nearby.
Key Highlights
- 4,248 SF commercial condo with approximately 2,744 SF on the main level and 1,504 SF upstairs
- Remodeled in 2021 with two restrooms and an upper‑level shower
- GR‑General Retail zoning supports varied commercial uses
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
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Open Analytics
Current Use
Lease Details
12,785 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,962
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial condo with showroom potential, private rooms, delivery access, and shared parking in an established retail development.
Where is this storefront property located?
The property is located at 3060 S Fremont Ave Unit A-5 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: 4,248 SF commercial condo with approximately 2,744 SF on the main level and 1,504 SF upstairs; Remodeled in 2021 with two restrooms and an upper‑level shower; GR‑General Retail zoning supports varied commercial uses
