Office
New
For Sale
$2,400,000
3728 W Chestnut Expy, Springfield, MO 65802
The property combines a substantial office facility with General Commercial zoning in northwest Springfield.
Property Size15,454 SF
Lot Size8.22 Acres
Price / SF$155.30
Days on Market2
Property Features for 3728 W Chestnut Expy
General Information
Standard status
Active
Size
15,454 SF
Class
B
Lot size
8.22 Acres
Property subtype
Office - General Office
Zoning
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
15,454 SF
Year Built
2001
Listing Agency:
SVN | Rankin Company
Listed By:
Jack Rankin · License #2018038830
(417) 860-9951
Source:
Commercialcafe
Added: Oct 4
Last Checked: Oct 4 at 2:34PM
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 SVN | Rankin Company
Investment Insights
Based on property information with market context.
This office property at 3728 W Chestnut Expy in northwest Springfield includes a 15,454-square-foot building on 8.22 acres. Constructed in 2001, the building is zoned General Commercial. The site is presented with additional expansion opportunity.
Key Highlights
- 15,454 SF office building
- 8.22‑acre site
- Built in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,457
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,449,140
$2.4M
Cap Rate 7%
$1,749,386
$1.7M
Cap Rate 9%
$1,360,633
$1.4M
Market Conditions
NOI Build-Up for 15,454 SF
Gross rent
$170.6K $11.04/SF
− Vacancy
−$7.3K −$0.47/SF
EGI
$163.3K $10.57/SF
− OpEx
−$40.8K −$2.64/SF
NOI
$122.5K $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%
$2,449,140
Cap Rate 7%
$1,749,386
Cap Rate 9%
$1,360,633
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,457 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,276 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
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
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
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Frequently Asked Questions
What type of property is this?
Office building - The property combines a substantial office facility with General Commercial zoning in northwest Springfield.
Where is this office building located?
The property is located at 3728 W Chestnut Expy Springfield, MO.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 15,454 SF office building; 8.22‑acre site; Built in 2001
