Mixed-Use Building with
For Sale
$495,000
4114 S Lone Pine Ave, Springfield, MO 65804
Two-level layout combines a salon with an upstairs apartment and abundant natural light.
Property Size2,840 SF
Price / SF$174.30
Days on Market10
Property Features for 4114 S Lone Pine Ave
General Information
Standard status
Active
Size
2,840 SF
Property subtype
Commercial
Additional Details
Multifamily Units
1
Building Details
Year Built
1995
Buildings
1
Tenancy
Multi
Listing Agency:
Estes Stancer Commercial Group
Listed By:
Kyle E Estes · License #2004031075
(417) 725-5900
Source:
Trilakeshomesearch
Added: Sep 13
Changed: Sep 18
Last Checked: Sep 21 at 7:33AM
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 Estes Stancer Commercial Group
Investment Insights
Based on property information with market context.
Built in 1995, this 2,840-square-foot mixed-use property combines a salon on the lower level with a 1,400+ square-foot apartment above. The interior features a mostly open floor plan and substantial natural light, with the upper residence also identified for Airbnb use.
The property is located in Galloway Village at 4114 S Lone Pine Ave in Springfield, Missouri, directly across from the Greenway Trial. Galloway Grill, The Rock, and Cassidy Coffee Co. are within walking distance, adding established nearby destinations to the setting.
The property is located in Galloway Village at 4114 S Lone Pine Ave in Springfield, Missouri, directly across from the Greenway Trial. Galloway Grill, The Rock, and Cassidy Coffee Co. are within walking distance, adding established nearby destinations to the setting.
Key Highlights
- 2,840‑square‑foot mixed‑use property
- 1,400+ square‑foot upstairs apartment
- Salon occupies the lower level
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
$22,959
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
4.64%
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%
$459,180
$459.2K
Cap Rate 7%
$327,986
$328.0K
Cap Rate 9%
$255,100
$255.1K
Market Conditions
NOI Build-Up for 2,840 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
$44.6K $15.72/SF
− Vacancy
−$2.9K −$1.02/SF
EGI
$41.7K $14.70/SF
− OpEx
−$18.8K −$6.61/SF
NOI
$23.0K $8.08/SF
Area
Springfield, MO
Vacancy
6.50%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
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%
$459,180
Cap Rate 7%
$327,986
Cap Rate 9%
$255,100
Alternative Uses
Best Use
Apartment 5plus
$328.0K
$287.0K – $382.7K
NOI $22,959 @ 7.0% cap · market cap 4.64%
Second Best
Mixed Use
$303.5K
$265.6K – $354.1K
NOI $21,247 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$428.6K
$375.1K – $500.1K
NOI $30,005 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
87
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level layout combines a salon with an upstairs apartment and abundant natural light.
Where is this mixed-use property located?
The property is located at 4114 S Lone Pine Ave Springfield, MO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,840‑square‑foot mixed‑use property; 1,400+ square‑foot upstairs apartment; Salon occupies the lower level
