Renovated Retail
New
For Sale
$925,000
3060 S Fremont Avenue, Springfield, MO 65804
Commercial Sale, Springfield, MO
Property Size4,248 SF
Price / SF$217.75
Days on Market4
Property Features for 3060 S Fremont Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GR
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
4
Parking features
Driveway
Lot features
Level
Directions
From Battlefield Road, south on Fremont Avenue to 3060 S. Fremont Avenue, located on the east side of Fremont between Battlefield Road and Primrose Street.
Standard status
Active
APN
1906401258
Taxes and HOA fees
Tax Year
2025
Tax Description
Fremont Avanue Village Condominium Unit 5 Bldg A
Tax Annual Amount
12318
Legal Description
Fremont Avanue Village Condominium Unit 5 Bldg A
Utilities
Utilities
Water Available
Heating system
Natural Gas
Cooling system
Ceiling Fan(s), Central Air, Electric
Amenities
two restrooms
upper-level shower
rear double doors
rear office entrance
shared parking
Building Details
Year built
1997
Number of units
1
Roof type
Built-Up, Flat
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Donna Cleous · License #1999012026
(417) 823-2300
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 27 at 1:06AM
MLS# 60332322
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 4,248 SF commercial condo was extensively remodeled in 2021 and offers a flexible configuration for retail, showroom, boutique, salon, spa and wellness, medical, or professional office use. The main level contains approximately 2,744 SF, complemented by 1,504 SF of finished upper-level space. Interior features include upscale finishes, an open area for displays and customer service, private rooms or offices, two restrooms, and an upper-level shower. Large rear double doors support deliveries, while a separate rear office entrance adds functional access.
The property is located within Fremont Avenue Village commercial development at 3060 S Fremont Avenue in Springfield, Missouri, with shared parking and access from S. Fremont Avenue and Pickwick Place. Fremont Avenue recorded approximately 12,785 vehicles per day, while nearby Battlefield Road recorded approximately 27,989 vehicles per day based on 2024 traffic counts. GR-General Retail zoning supports a variety of potential commercial uses. The building was constructed in 1997 and has built-up, flat roofing, natural gas heating, central air, electric cooling, and water available.
The property is located within Fremont Avenue Village commercial development at 3060 S Fremont Avenue in Springfield, Missouri, with shared parking and access from S. Fremont Avenue and Pickwick Place. Fremont Avenue recorded approximately 12,785 vehicles per day, while nearby Battlefield Road recorded approximately 27,989 vehicles per day based on 2024 traffic counts. GR-General Retail zoning supports a variety of potential commercial uses. The building was constructed in 1997 and has built-up, flat roofing, natural gas heating, central air, electric cooling, and water available.
Key Highlights
- 4,248 SF commercial condo remodeled in 2021
- Approximately 2,744 SF main level plus 1,504 SF finished upper‑level space
- GR‑General Retail zoning
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
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial condo with showroom potential, private rooms, rear delivery access, and GR zoning in an established commercial development.
Where is this storefront property located?
The property is located at 3060 S Fremont Avenue 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 remodeled in 2021; Approximately 2,744 SF main level plus 1,504 SF finished upper‑level space; GR‑General Retail zoning
