Freestanding Restaurant/Retail
For Sale
Contact for pricing
501 W Chestnut Expy, Springfield, MO 65802
Freestanding restaurant and retail building offering 30+ parking spaces and 3,588 SF of space.
Property Size3,588 SF
Price / SF$236.90
Days on Market11
Property Features for 501 W Chestnut Expy
General Information
Standard status
Active
Size
3,588 SF
Property subtype
RETAIL
Listing Agency:
Zamora Real Estate
(417) 522-9940
Listed By:
Gerald Zamora · License #2003028519
(417) 522-9940
Source:
Moodyscre
Added: Jul 27
Changed: Jul 28
Last Checked: Aug 6 at 6:20AM
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 Zamora Real Estate
Investment Insights
Based on property information with market context.
Freestanding restaurant and retail building offering 3,588 SF of space. The property includes 30+ parking spaces, supporting customer access and on-site parking needs.
The building is located at 501 W Chestnut Expy, Springfield, MO 65802. The offering is available for sale or lease, and the listing indicates annual 2022 real estate taxes of $15,509.26.
For additional details, contact the listing agent.
The building is located at 501 W Chestnut Expy, Springfield, MO 65802. The offering is available for sale or lease, and the listing indicates annual 2022 real estate taxes of $15,509.26.
For additional details, contact the listing agent.
Key Highlights
- 3,588 SF freestanding restaurant/retail building on Chestnut Expressway
- 30+ parking spaces available
- For sale at $850,000 ($236.90/SF)
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
$28,609
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
3.37%
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%
$572,180
$572.2K
Cap Rate 7%
$408,700
$408.7K
Cap Rate 9%
$317,878
$317.9K
Market Conditions
NOI Build-Up for 3,588 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
$39.6K $11.04/SF
− Vacancy
−$1.5K −$0.41/SF
EGI
$38.1K $10.63/SF
− OpEx
−$9.5K −$2.66/SF
NOI
$28.6K $7.97/SF
Area
Springfield, MO
Vacancy
3.70%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$572,180
Cap Rate 7%
$408,700
Cap Rate 9%
$317,878
Alternative Uses
Best Use
Specialty Retail
$408.7K
$357.6K – $476.8K
NOI $28,609 @ 7.0% cap · market cap 3.37%
Second Best
Retail
$381.5K
$333.8K – $445.0K
NOI $26,702 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$541.5K
$473.9K – $631.8K
NOI $37,908 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,865
Businesses Nearby
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding restaurant and retail building offering 30+ parking spaces and 3,588 SF of space.
Where is this retail space located?
The property is located at 501 W Chestnut Expy Springfield, MO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,588 SF freestanding restaurant/retail building on Chestnut Expressway; 30+ parking spaces available; For sale at $850,000 ($236.90/SF)
