Acreage
For Sale
$250,000
3274 N State Highway AB #3274-3276, Springfield, MO 65803
One residence is remodeled and vacant; the other is occupied by a long-term tenant.
Property Size2,167 SF
Lot Size4.80 Acres
Price / SF$115.37
Days on Market108
Property Features for 3274 N State Highway AB #3274-3276
General Information
Standard status
Active
Size
2,167 SF
Lot size
4.80 Acres
Property subtype
Duplex
Additional Details
Land Use
agricultural, residential
Tenant in Place
Yes
Amenities
carport
storage shed
Building Details
Year Built
1969
Listing Agency:
AMAX Real Estate
(417) 855-2333
Listed By:
Darlana Halterman · License #1999067823
(417) 880-0713
Source:
Onefiverealestate
Added: Jul 17
Changed: Nov 1
Last Checked: Nov 1 at 1:44AM
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 AMAX Real Estate
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Investment Insights
Based on property information with market context.
This 2,167-square-foot duplex, built in 1969, sits on 4.8 acres. Its two mirrored residences each have two bedrooms, one full bath, a two-car carport, and an attached storage shed. One unit has been remodeled and is vacant; the other is occupied by a tenant who has been in place for more than 20 years. The roof is one year old.
The property has a Springfield address and is served by Willard Schools. The acreage is currently used for cattle grazing by a family member.
The property has a Springfield address and is served by Willard Schools. The acreage is currently used for cattle grazing by a family member.
Key Highlights
- 4.8 acres currently used for cattle grazing
- Two mirrored units, each with 2 bedrooms, 1 full bath, a 2‑car carport, and attached storage
- One remodeled unit is vacant; the other has a tenant of more than 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,642
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,840
$392.8K
Cap Rate 7%
$280,600
$280.6K
Cap Rate 9%
$218,244
$218.2K
Market Conditions
NOI Build-Up for 2,167 SF
Gross rent
$29.9K $13.80/SF
− Vacancy
−$1.8K −$0.85/SF
EGI
$28.1K $12.95/SF
− OpEx
−$8.4K −$3.88/SF
NOI
$19.6K $9.06/SF
Area
Springfield, MO
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,840
Cap Rate 7%
$280,600
Cap Rate 9%
$218,244
Alternative Uses
Best Use
Multifamily LT 5
$280.6K
$245.5K – $327.4K
NOI $19,642 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$250.3K
$219.0K – $292.0K
NOI $17,518 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$327.1K
$286.2K – $381.6K
NOI $22,895 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
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Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is remodeled and vacant; the other is occupied by a long-term tenant.
Where is this duplex located?
The property is located at 3274 N State Highway AB #3274-3276 Springfield, MO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 4.8 acres currently used for cattle grazing; Two mirrored units, each with 2 bedrooms, 1 full bath, a 2‑car carport, and attached storage; One remodeled unit is vacant; the other has a tenant of more than 20 years
