Medical Office Building with Vacant
For Sale
Contact for pricing
4955 South National Ave, Springfield, MO 65810
Purpose-built healthcare facility with an established dental occupant and additional space available for lease-up.
Property Size5,778 SF
Price / SF$281.41
Days on Market25
Property Features for 4955 South National Ave
General Information
Standard status
Active
Size
5,778 SF
Class
A
Property subtype
Retail, Office
Occupancy
76%
Lease Type
NN
Investment Type
Value Add
Net Operating Income
$117,854
Additional Details
Highway Access
Yes
Building Details
Year Built
2013
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: Aug 11
Changed: Sep 1
Last Checked: Sep 1 at 9:27PM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
Built in 2013, this 5,778-square-foot medical office property includes an occupied dental practice and a vacant 1,789-square-foot medical office suite. The building is 76% occupied and offers a combination of in-place tenancy and additional space for a future medical user.
The property is located at 4955 South National Avenue in Springfield, Missouri, west of US-160, also known as South Campbell Avenue. South National Avenue carries exposure to more than 47,600 vehicles per day. CoxHealth, Mercy Hospital Springfield, national retailers, restaurants, and daily-needs services are located nearby, placing the asset within an established healthcare and commercial corridor.
The property is located at 4955 South National Avenue in Springfield, Missouri, west of US-160, also known as South Campbell Avenue. South National Avenue carries exposure to more than 47,600 vehicles per day. CoxHealth, Mercy Hospital Springfield, national retailers, restaurants, and daily-needs services are located nearby, placing the asset within an established healthcare and commercial corridor.
Key Highlights
- 5,778 SF medical office property constructed in 2013
- 76% occupied with Heartland Dental in place
- Vacant 1,789 SF medical office suite
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
$45,785
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
2.82%
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%
$915,700
$915.7K
Cap Rate 7%
$654,071
$654.1K
Cap Rate 9%
$508,722
$508.7K
Market Conditions
NOI Build-Up for 5,778 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
$79.7K $13.80/SF
− Vacancy
−$3.4K −$0.59/SF
EGI
$76.3K $13.21/SF
− OpEx
−$30.5K −$5.28/SF
NOI
$45.8K $7.92/SF
Area
Springfield, MO
Vacancy
4.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
40.00%
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%
$915,700
Cap Rate 7%
$654,071
Cap Rate 9%
$508,722
Alternative Uses
Best Use
Healthcare Medical
$654.1K
$572.3K – $763.1K
NOI $45,785 @ 7.0% cap · market cap 2.82%
Second Best
Office B
$654.1K
$572.3K – $763.1K
NOI $45,785 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$872.1K
$763.1K – $1.02M
NOI $61,046 @ 7.0% cap · market cap 3.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65810, MO
23,168
Population
10,022
Households
2.3
Avg Household Size
42
Median Age
47%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
1,931
Density / Sq Mi
$90,562
Median Household Income
$50,155
Median Earnings
$1,109
Median Rent
$282,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built healthcare facility with an established dental occupant and additional space available for lease-up.
Where is this medical office space located?
The property is located at 4955 South National Ave Springfield, MO.
What is the asking price?
The asking price for this property is $1,626,000.
What are key features of this property?
This property features: 5,778 SF medical office property constructed in 2013; 76% occupied with Heartland Dental in place; Vacant 1,789 SF medical office suite
