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 Market71
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: Oct 15
Last Checked: Oct 20 at 5:47PM
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
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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 / Yr
$45,785
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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
