Motel With Manager’s
For Sale
$695,000
3811 W Chestnut Expressway, Springfield, MO 65802
Guest rooms include flat-screen televisions and mini-refrigerators, with a three-bedroom apartment on site.
Property Size8,156 SF
Lot Size1.50 Acres
Price / SF$85.21
Days on Market21
Property Features for 3811 W Chestnut Expressway
General Information
Standard status
Active
Size
8,156 SF
Lot size
1.50 Acres
Property subtype
COMMERCIAL
Site & Location
Neighborhood
Zone 1
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$11,053
Building Details
Building Size
8,156 SF
Year Built
1964
Stories
2
Listing Agency:
Alpha Realty MO, LLC
Listed By:
Elevate Real Estate Group · License #2020020399
(417) 496-4425
Source:
Tolbertrealtors
Added: Oct 14
Changed: Nov 1
Last Checked: Nov 3 at 8:59AM
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 Alpha Realty MO, LLC
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Investment Insights
Based on property information with market context.
This two-story motel contains 20 guest rooms across 8,156 square feet. Each room has a flat-screen television and a mini-refrigerator. A three-bedroom manager’s apartment is also part of the property, which was built in 1964.
The motel occupies a 1.5-acre site at 3811 W Chestnut Expressway in Springfield, Missouri. Springfield-Branson National Airport is accessible from the property.
The motel occupies a 1.5-acre site at 3811 W Chestnut Expressway in Springfield, Missouri. Springfield-Branson National Airport is accessible from the property.
Key Highlights
- 20 guest rooms in a two‑story motel
- 8,156 square feet on a 1.5‑acre site
- Three‑bedroom manager’s apartment on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,138
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,760
$1.0M
Cap Rate 7%
$730,543
$730.5K
Cap Rate 9%
$568,200
$568.2K
Market Conditions
NOI Build-Up for 8,156 SF
Gross rent
$122.3K $15.00/SF
− Vacancy
−$14.7K −$1.80/SF
EGI
$107.7K $13.20/SF
− OpEx
−$56.5K −$6.93/SF
NOI
$51.1K $6.27/SF
Area
Springfield, MO
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,760
Cap Rate 7%
$730,543
Cap Rate 9%
$568,200
Alternative Uses
Best Use
Hotel Hospitality
$730.5K
$639.2K – $852.3K
NOI $51,138 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,170 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Balanced
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
View Realmo Analytics
Similar Off Market Nearby
- Best Budget Inn Springfield — 4433 W Chestnut Expy, Springfield, MO 65802
- Redwood Motel — 3811 W Chestnut Expy, Springfield, MO 65802
Frequently Asked Questions
What type of property is this?
Motel - Guest rooms include flat-screen televisions and mini-refrigerators, with a three-bedroom apartment on site.
Where is this motel located?
The property is located at 3811 W Chestnut Expressway Springfield, MO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 20 guest rooms in a two‑story motel; 8,156 square feet on a 1.5‑acre site; Three‑bedroom manager’s apartment on site
