Office-Warehouse Flex
For Sale
Contact for pricing
311 N Waverly Avenue, Springfield, MO 65802
Office and warehouse areas support a range of commercial operations, with separate work and storage space.
Property Size5,600 SF
Price / SF$0.00
Days on Market63
Property Features for 311 N Waverly Avenue
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Industrial
Site & Location
Neighborhood
Rountree/Walnut
Highway Access
Yes
Additional Details
Drive-In Doors
2
Property Use
Office/Warehouse
Building Details
Year Built
1956
Listing Agency:
Keller Williams Local
(417) 883-4900
Listed By:
Adam Graddy · License #2004014961
(417) 501-5091
Source:
Onefiverealestate
Added: Sep 1
Changed: Nov 1
Last Checked: Nov 1 at 1:47AM
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 Keller Williams Local
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property at 311 N Waverly Avenue contains approximately 5,600 square feet, with office space at the front and warehouse area behind it. Two 10-foot overhead doors provide vehicle access, and four bathrooms serve the building. The property was built in 1956.
Springfield access is available from Glenstone and Highway 65, with Downtown Springfield a short drive away. The back garage and adjoining fenced lot are excluded from the offering.
Springfield access is available from Glenstone and Highway 65, with Downtown Springfield a short drive away. The back garage and adjoining fenced lot are excluded from the offering.
Key Highlights
- Approximately 5,600 square feet of office and warehouse space
- Two 10‑foot overhead doors provide warehouse access
- Four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,677
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,540
$333.5K
Cap Rate 7%
$238,243
$238.2K
Cap Rate 9%
$185,300
$185.3K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$26.2K $4.68/SF
− Vacancy
−$550 −$0.10/SF
EGI
$25.7K $4.58/SF
− OpEx
−$9.0K −$1.60/SF
NOI
$16.7K $2.98/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,540
Cap Rate 7%
$238,243
Cap Rate 9%
$185,300
Alternative Uses
Best Use
Warehouse
$311.6K
$272.6K – $363.5K
NOI $21,809 @ 7.0% cap · market cap 242,322.22%
Second Best
Industrial
$256.6K
$224.5K – $299.3K
NOI $17,960 @ 7.0% cap · market cap 199,555.56%
Theoretical Best
Office A
$845.2K
$739.6K – $986.1K
NOI $59,166 @ 7.0% cap · market cap 657,400.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas support a range of commercial operations, with separate work and storage space.
Where is this flex space located?
The property is located at 311 N Waverly Avenue Springfield, MO.
What are key features of this property?
This property features: Approximately 5,600 square feet of office and warehouse space; Two 10‑foot overhead doors provide warehouse access; Four bathrooms
