Renovated Retail
For Sale
$915,000
3060 S Fremont Avenue Unit A-5, Springfield, MO 65804
Two levels combine an open main floor with private rooms and office space.
Property Size4,248 SF
Price / SF$215.40
Days on Market71
Property Features for 3060 S Fremont Avenue Unit A-5
General Information
Standard status
Active
Size
4,248 SF
Property subtype
Retail
Zoning
GR-General Retail
Site & Location
Neighborhood
Bradford Park
Additional Details
Floor
Main/Upper
Taxes and HOA fees
Annual Taxes
$12,318
Amenities
private rooms/offices
two restrooms
upper-level shower
large rear double doors
rear office entrance
shared parking
Building Details
Building Size
4,248 SF
Year Built
1997
Year Renovated
2021
Listing Agency:
Murney Associates - Primrose
Listed By:
Donna Cleous · License #1999012026
(417) 880-2512
Source:
Tolbertrealtors
Added: Aug 24
Changed: Nov 1
Last Checked: Nov 1 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
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Investment Insights
Based on property information with market context.
This 4,248-square-foot retail condominium was remodeled in 2021. Its 2,744-square-foot main floor offers an open arrangement alongside private rooms and offices, with 1,504 square feet of finished space upstairs. The property has two restrooms, a shower on the upper level, rear double doors for deliveries, and a separate rear office entrance.
Within the Fremont Avenue Village commercial development, the unit has shared parking and access from S. Fremont Avenue and Pickwick Place. The site is near the Battlefield Road and Fremont Avenue intersection, with 2024 traffic counts of 12,785 vehicles per day on Fremont Avenue and 27,989 on Battlefield Road. GR-General Retail zoning supports a range of potential commercial uses.
Within the Fremont Avenue Village commercial development, the unit has shared parking and access from S. Fremont Avenue and Pickwick Place. The site is near the Battlefield Road and Fremont Avenue intersection, with 2024 traffic counts of 12,785 vehicles per day on Fremont Avenue and 27,989 on Battlefield Road. GR-General Retail zoning supports a range of potential commercial uses.
Key Highlights
- 4,248 square feet, including 2,744 square feet on the main level and 1,504 square feet upstairs
- Remodeled in 2021
- GR‑General Retail zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,614
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
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
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 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 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$641.2K
$561.0K – $748.0K
NOI $44,881 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,962
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Two levels combine an open main floor with private rooms and office space.
Where is this retail space located?
The property is located at 3060 S Fremont Avenue Unit A-5 Springfield, MO.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: 4,248 square feet, including 2,744 square feet on the main level and 1,504 square feet upstairs; Remodeled in 2021; GR‑General Retail zoning
