Remodeled Office
For Sale
$998,000
308 Park Central E, Springfield, MO 65806
An adaptable layout includes conference rooms, private offices, multi-purpose areas, and dedicated server space.
Property Size6,580 SF
Price / SF$151.67
Days on Market22
Property Features for 308 Park Central E
General Information
Standard status
Active
Size
6,580 SF
Property subtype
Office
Site & Location
Neighborhood
West Central
Road Access
Yes
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
reception area
conference rooms
private offices
open multi-purpose areas
cubicle areas
restrooms
IT/server room
break room
new lighting
accent walls
interior glass walls
new carpet
Building Details
Year Built
1921
Buildings
1
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Bart C Collins · License #2007003715
(417) 425-5400
Source:
Onefiverealestate
Added: Oct 12
Changed: Nov 1
Last Checked: Nov 1 at 1:42AM
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 6,580-square-foot office and training facility, built in 1921, has a remodeled interior with reception and waiting areas, two large conference rooms, private offices, open multi-purpose and cubicle areas, and a dedicated IT and server room. Four restrooms and a break room with sink and refrigerator hookup round out the layout. Interior features include glass walls, accent walls, new lighting, and new carpet.
The building has front and rear entrances, with an adjacent side alley. Public parking lots are within a short walk, and a parking garage is located just off the downtown square. Private parking spaces are available for rent one street south.
The building has front and rear entrances, with an adjacent side alley. Public parking lots are within a short walk, and a parking garage is located just off the downtown square. Private parking spaces are available for rent one street south.
Key Highlights
- 6,580‑square‑foot office and training facility
- Two large conference rooms, private offices, open multi‑purpose areas, and cubicle areas
- Dedicated IT and server room; four separate restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,140
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,800
$1.0M
Cap Rate 7%
$744,857
$744.9K
Cap Rate 9%
$579,333
$579.3K
Market Conditions
NOI Build-Up for 6,580 SF
Gross rent
$72.6K $11.04/SF
− Vacancy
−$3.1K −$0.47/SF
EGI
$69.5K $10.57/SF
− OpEx
−$17.4K −$2.64/SF
NOI
$52.1K $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 Rate 5%
$1,042,800
Cap Rate 7%
$744,857
Cap Rate 9%
$579,333
Alternative Uses
Best Use
Office B
$744.9K
$651.8K – $869.0K
NOI $52,140 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$993.1K
$869.0K – $1.16M
NOI $69,520 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - An adaptable layout includes conference rooms, private offices, multi-purpose areas, and dedicated server space.
Where is this office building located?
The property is located at 308 Park Central E Springfield, MO.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 6,580‑square‑foot office and training facility; Two large conference rooms, private offices, open multi‑purpose areas, and cubicle areas; Dedicated IT and server room; four separate restrooms
