Multi-Tenant Office
For Sale
$899,900
403 S Springfield Ave, Bolivar, MO 65613
Seven occupied units feature recent remodeling along with updated roofs and interior paint.
Property Size5,264 SF
Price / SF$170.95
Days on Market121
Property Features for 403 S Springfield Ave
General Information
Standard status
Active
Size
5,264 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Office Units
7
Building Details
Year Built
2013
Tenancy
Multi
Listing Agency:
Partin Roweton, LLC
Listed By:
Robert M Partin · License #2014004709
(417) 343-2191
Source:
Trilakeshomesearch
Added: Jun 16
Changed: Oct 1
Last Checked: Oct 12 at 8:32PM
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 Partin Roweton, LLC
Investment Insights
Based on property information with market context.
Built in 2013, this 5,264-square-foot office property at 403 S Springfield Ave includes a multi-tenant configuration with 7 rental units. All units are currently rented, providing an established occupancy profile.
Recent improvements include new paint and roofs, while most units have been remodeled within the last year. An approved lot split may allow the property to be divided, subject to the existing approval. The asset is located in Bolivar, Missouri.
Recent improvements include new paint and roofs, while most units have been remodeled within the last year. An approved lot split may allow the property to be divided, subject to the existing approval. The asset is located in Bolivar, Missouri.
Key Highlights
- 5,264‑square‑foot office property built in 2013
- 7 rental units, all currently rented
- Most units remodeled in the last year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,712
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,240
$834.2K
Cap Rate 7%
$595,886
$595.9K
Cap Rate 9%
$463,467
$463.5K
Market Conditions
NOI Build-Up for 5,264 SF
Gross rent
$58.1K $11.04/SF
− Vacancy
−$2.5K −$0.47/SF
EGI
$55.6K $10.57/SF
− OpEx
−$13.9K −$2.64/SF
NOI
$41.7K $7.92/SF
Area
Polk County, 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%
$834,240
Cap Rate 7%
$595,886
Cap Rate 9%
$463,467
Alternative Uses
Best Use
Office B
$595.9K
$521.4K – $695.2K
NOI $41,712 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$794.5K
$695.2K – $926.9K
NOI $55,616 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
7
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 65613, MO
17,890
Population
7,327
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
184.9 sq mi
ZIP Area
97
Density / Sq Mi
$56,919
Median Household Income
$31,765
Median Earnings
$828
Median Rent
$197,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Seven occupied units feature recent remodeling along with updated roofs and interior paint.
Where is this office building located?
The property is located at 403 S Springfield Ave Bolivar, MO.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 5,264‑square‑foot office property built in 2013; 7 rental units, all currently rented; Most units remodeled in the last year
