Springfield Automotive Repair Location For
502 W Walnut St Springfield, MO
For Sale
Contact for pricing
Prime corner location in Springfield's booming economy, near major highway.
Property Size18,700 SF
Lot Size1.09 Acres
Price / SF$199.43
Days on Market256
Property Features for 502 W Walnut St
General Information
Standard status
Active
Size
18,700 SF
Lot size
1.09 Acres
Property subtype
RETAIL
Listing Agency:
Northmarq | Corporate
(952) 356-0100
Listed By:
Chanel Tobias
(952) 356-0100
Source:
Moodyscre
Added: Nov 14, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:39AM
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 Northmarq | Corporate
Investment Insights
Based on property information with market context.
This automotive repair location is situated on a hard corner with exceptional connectivity to a major highway system. The property benefits from a $400M+ capital investment in downtown renovations and is located within the Springfield metro area, which has a population of over 491,000 residents and a highly diverse booming economy with a $28.6B total GDP. It is positioned in a major healthcare corridor and has proximity to higher education institutions with over 40,000 students. The property has been a long-time automotive repair location and is operated by the largest founder-led multi-shop operator (MSO) in the industry. The property size is 18,700 square feet.
Key Highlights
- Hard corner location with exceptional connectivity to major highway system.
- $400M+ capital investment in downtown renovations.
- Highly diverse booming economy - $28.6B total GDP.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $206.4k | $11.04 |
| − Vacancy | −$7.6k | −$0.41 |
| EGI | $198.8k | $10.63 |
| − OpEx | −$59.6k | −$3.19 |
| NOI | $139.2k | $7.44 |
18,700 SF · lease $11.04/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.32M
NOI $139,167 @ 7.0% cap · market cap 3.73%
Second Best
Industrial
$856.8K
$749.7K – $999.6K
NOI $59,975 @ 7.0% cap · market cap 1.61%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,571 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- J C Transmission — Springfield, MO 65806
- Rare breed — 301 North Avenue, Springfield, MO 65806
- Bud's Tire & Wheel — 701 W College St, Springfield, MO 65806
- WARREN AUTO WORKS — 1060 W College St, Springfield, MO 65806
- Crash Champions Collision Repair Springfield Dwtn — 502 W Walnut St, Springfield, MO 65806
Frequently Asked Questions
What type of property is this?
Auto shop - Prime corner location in Springfield's booming economy, near major highway.
Where is this auto shop located?
The property is located at 502 W Walnut St Springfield, MO.
What is the asking price?
The asking price for this property is $3,729,333.
What are key features of this property?
This property features: Hard corner location with exceptional connectivity to major highway system.; $400M+ capital investment in downtown renovations.; Highly diverse booming economy - $28.6B total GDP.
