Office Building with Flexible
For Sale
$1,200,000
3816 S Greystone Ct, Springfield, MO 65804
Multiple office and conference-room users provide rental income alongside space for an owner to occupy.
Property Size6,110 SF
Price / SF$196.40
Days on Market17
Property Features for 3816 S Greystone Ct
General Information
Standard status
Active
Size
6,110 SF
Property subtype
Commercial
Site & Location
Neighborhood
Bradford Park
Additional Details
Tenant in Place
Yes
Property Use
Office
Amenities
reception area
conference room
breakroom
bathrooms
outdoor patio space
pond
Building Details
Year Built
1998
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Local
Listed By:
Adam Graddy klrw369@kw.com
Source:
Trilakeshomesearch
Added: Oct 13
Changed: Oct 27
Last Checked: Oct 28 at 8:42AM
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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Investment Insights
Based on property information with market context.
Built in 1998, this 6,110-square-foot office building contains more than 15 private offices, a reception area, conference room, breakroom, and four bathrooms. Its interior has no load-bearing walls, allowing the layout to be reconfigured. Two newer HVAC systems serve the building, and the roof was replaced in 2021. Site features include paved parking, an outdoor patio, and a pond behind the property.
The property is in Primrose Park at 3816 S Greystone Ct in Springfield, Missouri, in an area with professional offices, dental practices, retail, dining, and everyday conveniences. The setting also provides access to Springfield’s major retail and business corridors.
Office tenants and conference-room users are already in place, with the configuration accommodating both occupancy by an owner and leased space.
The property is in Primrose Park at 3816 S Greystone Ct in Springfield, Missouri, in an area with professional offices, dental practices, retail, dining, and everyday conveniences. The setting also provides access to Springfield’s major retail and business corridors.
Office tenants and conference-room users are already in place, with the configuration accommodating both occupancy by an owner and leased space.
Key Highlights
- 6,110‑square‑foot office building constructed in 1998
- More than 15 private offices, plus reception, conference room, breakroom, and four bathrooms
- No load‑bearing interior walls; floor plan can be reconfigured
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,415
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,300
$968.3K
Cap Rate 7%
$691,643
$691.6K
Cap Rate 9%
$537,944
$537.9K
Market Conditions
NOI Build-Up for 6,110 SF
Gross rent
$67.5K $11.04/SF
− Vacancy
−$2.9K −$0.47/SF
EGI
$64.6K $10.57/SF
− OpEx
−$16.1K −$2.64/SF
NOI
$48.4K $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%
$968,300
Cap Rate 7%
$691,643
Cap Rate 9%
$537,944
Alternative Uses
Best Use
Office B
$691.6K
$605.2K – $806.9K
NOI $48,415 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$922.2K
$806.9K – $1.08M
NOI $64,554 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,235
Businesses Nearby
Explore this area
Business Placement
Demographics for 65804, MO
40,064
Population
20,118
Households
2
Avg Household Size
40
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
2,154
Density / Sq Mi
$58,288
Median Household Income
$40,103
Median Earnings
$898
Median Rent
$227,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Multiple office and conference-room users provide rental income alongside space for an owner to occupy.
Where is this office building located?
The property is located at 3816 S Greystone Ct Springfield, MO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,110‑square‑foot office building constructed in 1998; More than 15 private offices, plus reception, conference room, breakroom, and four bathrooms; No load‑bearing interior walls; floor plan can be reconfigured
