Springfield Office Building for
For Sale
Contact for pricing
Pending
3801 E Sunshine St, Springfield, MO
Office building in Springfield, Missouri, available for purchase.
Property Size23,880 SF
Lot Size5.37 Acres
Days on Market290
Property Features for 3801 E Sunshine St
General Information
Standard status
Pending
Size
23,880 SF
Lot size
5.37 Acres
Property subtype
OFFICE
Listing Agency:
SVN | Rankin Company, LLC
(417) 887-8826
Listed By:
Lee McLean III, SIOR, CCIM
(417) 818-8894
Source:
Moodyscre
Added: Nov 17, 2025
Changed: Aug 8
Last Checked: Sep 2 at 8:03PM
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, LLC
Investment Insights
Based on property information with market context.
Located in Springfield, Missouri, this office building offers 23,880 square feet of space. The Springfield Metropolitan Statistical Area (MSA), encompassing Greene, Christian, Webster, Polk, and Dallas counties, has an estimated population of approximately 496,975 as of 2024. The MSA has experienced growth of about 8.5% over the past decade (2014-2023), representing roughly 0.8-1.0% annual growth. The daytime population of Springfield increases significantly due to commuters, rising from approximately 168,090 full-time residents to around 252,454 during the day. The median age in the MSA is 37.1 years. Household and family data indicates approximately 183,438 households, with an average household size of 2.44 and an average family size of 3.05.
Key Highlights
- Large daytime population in Springfield (~252,454) indicates a strong business and economic environment.
- Substantial MSA population (~496,975) provides a large customer base and workforce.
- MSA growth (~8.5% over 10 years) suggests a healthy and expanding market.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$189,224
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,784,480
$3.8M
Cap Rate 7%
$2,703,200
$2.7M
Cap Rate 9%
$2,102,489
$2.1M
Market Conditions
NOI Build-Up for 23,880 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$263.6K $11.04/SF
− Vacancy
−$11.3K −$0.47/SF
EGI
$252.3K $10.57/SF
− OpEx
−$63.1K −$2.64/SF
NOI
$189.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,784,480
Cap Rate 7%
$2,703,200
Cap Rate 9%
$2,102,489
Alternative Uses
Best Use
Office B
$2.70M
$2.37M – $3.15M
NOI $189,224 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $252,299 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building in Springfield, Missouri, available for purchase.
Where is this office building located?
The property is located at 3801 E Sunshine St Springfield, MO.
What is the asking price?
The asking price for this property is $4,417,800.
What are key features of this property?
This property features: Large daytime population in Springfield (~252,454) indicates a strong business and economic environment.; Substantial MSA population (~496,975) provides a large customer base and workforce.; MSA growth (~8.5% over 10 years) suggests a healthy and expanding market.
