Storefront Property with
For Sale
$357,500
504 W Kearney Street, Springfield, MO 65803
A showroom, workroom, office, and warehouse support a mix of customer-facing and storage functions.
Property Size6,039 SF
Price / SF$59.20
Days on Market140
Property Features for 504 W Kearney Street
General Information
Standard status
Active
Size
6,039 SF
Total Parking Spaces
610
Property subtype
Commercial
Site & Location
Neighborhood
Woodland Heights
Road Access
Yes
Additional Details
Business Included
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$3,374
Amenities
large show room
office
three bathrooms
large work room
storage
oversized warehouse area
one car garage drive-in door
large timed illuminated sign
Building Details
Building Size
6,039 SF
Year Built
1970
Units
1
Construction
concrete block
Listing Agency:
Murney Associates - Primrose
Listed By:
Laura Daly · License #2009023385
(417) 823-2300
Source:
Cappyharrisrealtors
Added: Jun 6
Changed: Oct 22
Last Checked: Oct 22 at 2:25PM
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 Murney Associates - Primrose
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Investment Insights
Based on property information with market context.
This 6,039-square-foot storefront property has a concrete block structure with a large showroom, office, three bathrooms, workroom, and substantial storage. An oversized warehouse area includes a drive-in door sized for one car. The property also has on-site parking and a timed, illuminated street sign.
The building fronts W Kearney Street in Springfield. It was built in 1970 and is currently used for storage; its previous use was a florist shop with an attached greenhouse.
The building fronts W Kearney Street in Springfield. It was built in 1970 and is currently used for storage; its previous use was a florist shop with an attached greenhouse.
Key Highlights
- 6,039‑square‑foot concrete block building
- Large showroom, office, workroom, and three bathrooms
- Oversized warehouse with a one‑car drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,519
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,380
$470.4K
Cap Rate 7%
$335,986
$336.0K
Cap Rate 9%
$261,322
$261.3K
Market Conditions
NOI Build-Up for 6,039 SF
Gross rent
$28.3K $4.68/SF
− Vacancy
−$594 −$0.10/SF
EGI
$27.7K $4.58/SF
− OpEx
−$4.2K −$0.69/SF
NOI
$23.5K $3.89/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,380
Cap Rate 7%
$335,986
Cap Rate 9%
$261,322
Alternative Uses
Best Use
Retail
$642.0K
$561.8K – $749.1K
NOI $44,943 @ 7.0% cap · market cap 12.57%
Second Best
Warehouse
$336.0K
$294.0K – $392.0K
NOI $23,519 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$911.5K
$797.6K – $1.06M
NOI $63,804 @ 7.0% cap · market cap 17.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Flora & Forge — 215 W Commercial St, Springfield, MO 65803
Frequently Asked Questions
What type of property is this?
Storefront property - A showroom, workroom, office, and warehouse support a mix of customer-facing and storage functions.
Where is this storefront property located?
The property is located at 504 W Kearney Street Springfield, MO.
What is the asking price?
The asking price for this property is $357,500.
What are key features of this property?
This property features: 6,039‑square‑foot concrete block building; Large showroom, office, workroom, and three bathrooms; Oversized warehouse with a one‑car drive‑in door
