Freestanding Restaurant/Retail
501 W Chestnut Expy, Springfield, MO 65802
For Sale
Contact for pricing
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 Market106
Property Features for 501 W Chestnut Expy
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listed By:
Gerald Zamora · License #2003028519
(417) 522-9940
Source:
Moodyscre
Added: Jul 27
Changed: Oct 26
Last Checked: Nov 8 at 8:20AM
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 Gerald Zamora
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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 / Yr
$28,609
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,865
Businesses Nearby
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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
$162,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Springfield, MO
Properties on Market for Retail space in Springfield
Vacancy Rate% for Retail in Midwest region
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)
