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    Versatile Commercial Property on Kearney Title is generated by Realmo AI

    419 W Kearney Street, Springfield, MO 65803

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    Claim this Listing
    For Sale
    $274,900

    COMMERCIAL - Springfield, MO

    Property size:
    2,920 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $94/SF
    Added:
    Jul 22, 2025
    Days on Market:
    300
    Last Refresh:
    May 17 at 2:06 am

    Property Features for 419 W Kearney Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    INC
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    881302417021
    Size
    2,920 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    OAK RIDGE ADD E 71 FT LOTS 13 14 & 15 & 10 FT LY S & ADJ BLK 6
    Tax Annual Amount
    2089

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1942
    Number of units
    2

    We can help!

    Listing Contact
    417 Property Pros
    417 Property Pros

    Listing agent 417 Property Pros License #MO2021038459

    Listing office Keller Williams 1619 E. Independence St., Springfield, MO

    Listing date Jul 22, 2025

    MLS# 60300340

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Kearney Street with over 31,000 cars per day, providing excellent business exposure.
    • Versatile property with two buildings: a 720 sq ft front building and a 2,920 sq ft rear warehouse.
    • Flexible space suitable for office, retail, or warehouse operations.
    • Front building previously used as a commercial kitchen, offering potential for food‑related businesses.
    • Water utilities available.
    • Property built in 1942.

    Overview

    This commercial property is located on Kearney Street and features two buildings: a 720-square-foot front building and a 2,920-square-foot rear warehouse. The front building is suited for office or other commercial uses and was previously used as a commercial kitchen, though no equipment is included. Situated on Kearney Street, the property benefits from high visibility due to a traffic count of over 31,000 cars per day. The property is located in Springfield, Missouri. The lot size is 0.24 acres. The zoning is INC. The property is suitable for office, retail, or warehouse operations.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $257.1K
    NOI $23,138 @ 9.00% cap · cautious / downside scenario
    Moderate
    $330.5K
    NOI $23,138 @ 7.00% cap · market / base-case scenario
    Aggressive
    $462.8K
    NOI $23,138 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $32.2k $11.04
    − Vacancy −$1.4k −$0.47
    EGI $30.9k $10.57
    − OpEx −$7.7k −$2.64
    NOI $23.1k $7.92
    2,920 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $330.5K
    $289.2K – $385.6K (±1% cap)
    NOI $23,138 @ 7.0% cap · market cap 8.42%
    Second Best
    Mixed Use
    $312.1K
    $273.1K – $364.1K (±1% cap)
    NOI $21,845 @ 7.0% cap · market cap 7.95%
    Theoretical Best
    Office A
    $440.7K
    $385.6K – $514.2K (±1% cap)
    NOI $30,851 @ 7.0% cap · market cap 11.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Encore Auto Sales Car Dealership Keiths Auto Sales Car Dealership Auto Car Group ... Car Dealership Roto-Cat LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.29383
    Latitude
    37.240847

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    FAQs

    What type of property is this?
    Mixed-use property - Two buildings on high-traffic Kearney Street, ideal for diverse businesses.
    Where is this mixed-use property located?
    The property is located at 419 W Kearney Street Springfield, MO.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: High‑traffic location on Kearney Street with over 31,000 cars per day, providing excellent business exposure.; Versatile property with two buildings: a 720 sq ft front building and a 2,920 sq ft rear warehouse.; Flexible space suitable for office, retail, or warehouse operations.
    (417) 501-6077
    We can help!
    Listing Contact
    417 Property Pros
    417 Property Pros
    Real Estate License ID: MO2021038459
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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