Two-Story Office with
For Sale
Contact for pricing
4039 S Kansas Expy, Springfield, MO 65807
Two-story office building with a basement and 3-lane drive-thru, most recently operated as a bank.
Property Size12,173 SF
Price / SF$205.37
Days on Market125
Property Features for 4039 S Kansas Expy
General Information
Standard status
Active
Size
12,173 SF
Property subtype
OFFICE
Amenities
break room
conference room
lobby area
drive-thru
Building Details
Stories
2
Listing Agency:
SVN | Rankin Company, LLC
(417) 887-8826
Listed By:
Arch Watson · License #2009010579
(417) 773-9022
Source:
Moodyscre
Added: May 13
Changed: Aug 15
Last Checked: Sep 13 at 6:27AM
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.
This two-story office building offers approximately 12,173 square feet plus a basement and a 3-lane drive-thru. The interior includes multiple offices, a break room, a large conference room, and a lobby area, providing a functional layout for professional use.
The property was most recently used as a bank. Please contact the broker for deed restriction information regarding use and occupancy.
The combination of office space and drive-thru infrastructure may support a range of business formats where direct vehicle access is helpful.
The property was most recently used as a bank. Please contact the broker for deed restriction information regarding use and occupancy.
The combination of office space and drive-thru infrastructure may support a range of business formats where direct vehicle access is helpful.
Key Highlights
- 12,173 SF two‑story office building with a basement
- Most recently used as a bank
- Includes a 3‑lane drive‑thru
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
$97,063
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
3.88%
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%
$1,941,260
$1.9M
Cap Rate 7%
$1,386,614
$1.4M
Cap Rate 9%
$1,078,478
$1.1M
Market Conditions
NOI Build-Up for 12,173 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
$134.4K $11.04/SF
− Vacancy
−$5.0K −$0.41/SF
EGI
$129.4K $10.63/SF
− OpEx
−$32.4K −$2.66/SF
NOI
$97.1K $7.97/SF
Area
Springfield, MO
Vacancy
3.70%
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%
$1,941,260
Cap Rate 7%
$1,386,614
Cap Rate 9%
$1,078,478
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,063 @ 7.0% cap · market cap 3.88%
Second Best
Retail
$1.29M
$1.13M – $1.51M
NOI $90,592 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,611 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Explore this area
Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Bank - Two-story office building with a basement and 3-lane drive-thru, most recently operated as a bank.
Where is this bank located?
The property is located at 4039 S Kansas Expy Springfield, MO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12,173 SF two‑story office building with a basement; Most recently used as a bank; Includes a 3‑lane drive‑thru
