Office Building with Open
New
For Sale
$998,000
308 Park Central E, Springfield, MO 65806
Commercial Sale, Springfield, MO
Property Size6,580 SF
Lot Size0.16 Acres
Price / SF$151.67
Days on Market4
Property Features for 308 Park Central E
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CC-Center City
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
Subdivision
Springfield Orig Plat
Directions
Just east of the square.
Standard status
Active
APN
1324233010
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
O P OF SPFD E 60 FT W 100 FT LOT 28 BLK 8
Tax Annual Amount
19225
Legal Description
O P OF SPFD E 60 FT W 100 FT LOT 28 BLK 8
Utilities
Cooling system
Central Air
Amenities
reception and waiting area
two large conference rooms
private offices
three open multi-purpose areas
cubicle areas
four separate restrooms
dedicated IT and server room
large break room
Building Details
Year built
1921
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Bart C Collins · License #2007003715
(417) 425-5400
Added: Oct 12
Changed: Oct 14
Last Checked: Oct 15 at 6:06AM
MLS# 60336225
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 1921 office property occupies a 0.16-acre site and has a recently updated interior. Its 6,580 square feet include a reception and waiting area, two conference rooms, private offices, cubicle space, and three multipurpose areas. Additional features include four restrooms, an IT and server room, a break room with sink and refrigerator hookup, new carpet and lighting, interior glass walls, and accent walls. Front and rear entrances provide access, with an alley alongside the building.
The property is in downtown Springfield. Public parking lots are within walking distance, and Heer's parking garage is near the square. Private parking spaces can be rented one street south. The property is zoned CC-Center City.
The property is in downtown Springfield. Public parking lots are within walking distance, and Heer's parking garage is near the square. Private parking spaces can be rented one street south. The property is zoned CC-Center City.
Key Highlights
- 6,580 square feet of office and training space
- Two conference rooms, private offices, cubicle areas, and three multipurpose areas
- Four separate restrooms, plus a dedicated IT and server room
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,215
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - CC-Center City zoning and a mix of private offices, meeting rooms, and shared work areas support varied office functions.
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 feet of office and training space; Two conference rooms, private offices, cubicle areas, and three multipurpose areas; Four separate restrooms, plus a dedicated IT and server room
