Two-Story Office Building with
For Sale
Contact for pricing
425 East Trafficway Street, Springfield, MO 65806
Well-maintained two-story office property with an on-site elevator and Center City zoning for flexible commercial use.
Property Size9,650 SF
Price / SF$158.03
Days on Market122
Property Features for 425 East Trafficway Street
General Information
Standard status
Active
Size
9,650 SF
Class
A
Property subtype
Office
Zoning
CC - Center City
Investment Type
Owner/User
Building Details
Year Built
2000
Buildings
1
Stories
2
Listing Agency:
R.B. Murray Company
Listed By:
Ryan Murray, SIOR, CCIM, LEED AP, CPM · License #MO 2007030465
Source:
Crexi
Added: Jun 8
Changed: Oct 3
Last Checked: Oct 7 at 12:54PM
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 R.B. Murray Company
Investment Insights
Based on property information with market context.
This well-maintained two-story office building is designed to support efficient day-to-day operations. An on-site elevator provides accessibility between floors, supporting convenient movement for employees, clients, and visitors, and making the layout suitable for a variety of professional and administrative uses. The building’s configuration supports an owner-user or tenant seeking a functional, multi-level office environment.
Located in Springfield’s urban core and described as steps from downtown, the property is positioned for convenient access to the central business district. It offers immediate access to Trafficway Street and is noted to be within minutes of dining, retail, financial services, and government offices. The property’s proximity to East Walnut Street further supports connectivity within the surrounding commercial area.
Zoned Center City, the site allows for a wide range of commercial, office, and mixed-use applications, providing flexibility for qualified buyers or operators. Whether you plan to occupy the space or acquire the building for future use, the combination of elevator accessibility, maintained condition, and Center City zoning supports a practical, centrally located office option in an active district. Contact the listing agent for more information or to schedule a tour.
Located in Springfield’s urban core and described as steps from downtown, the property is positioned for convenient access to the central business district. It offers immediate access to Trafficway Street and is noted to be within minutes of dining, retail, financial services, and government offices. The property’s proximity to East Walnut Street further supports connectivity within the surrounding commercial area.
Zoned Center City, the site allows for a wide range of commercial, office, and mixed-use applications, providing flexibility for qualified buyers or operators. Whether you plan to occupy the space or acquire the building for future use, the combination of elevator accessibility, maintained condition, and Center City zoning supports a practical, centrally located office option in an active district. Contact the listing agent for more information or to schedule a tour.
Key Highlights
- Year built 2000 well‑maintained two‑story office building
- On‑site elevator provides accessibility between floors
- Center City zoning allows a wide range of commercial, office, and mixed‑use applications
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,466
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,320
$1.5M
Cap Rate 7%
$1,092,371
$1.1M
Cap Rate 9%
$849,622
$849.6K
Market Conditions
NOI Build-Up for 9,650 SF
Gross rent
$106.5K $11.04/SF
− Vacancy
−$4.6K −$0.47/SF
EGI
$102.0K $10.57/SF
− OpEx
−$25.5K −$2.64/SF
NOI
$76.5K $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%
$1,529,320
Cap Rate 7%
$1,092,371
Cap Rate 9%
$849,622
Alternative Uses
Best Use
Office B
$1.09M
$955.8K – $1.27M
NOI $76,466 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,955 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,334
Businesses Nearby
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Business Placement
Demographics for 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
Median Home Value
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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 - Well-maintained two-story office property with an on-site elevator and Center City zoning for flexible commercial use.
Where is this office building located?
The property is located at 425 East Trafficway Street Springfield, MO.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Year built 2000 well‑maintained two‑story office building; On‑site elevator provides accessibility between floors; Center City zoning allows a wide range of commercial, office, and mixed‑use applications
