Free Standing Building on
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521 W Kearney St, Springfield, MO 65803
2,584 SF building on W Kearney in Springfield, Missouri.
Property Size2,584 SF
Price / SF$102.55
Days on Market189
Property Features for 521 W Kearney St
General Information
Standard status
Active
Size
2,584 SF
Property subtype
Industrial, Office, Retail
Zoning
Highway Commercial
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
SVN Rankin Company, LLC
(417) 860-9951
Listed By:
Jack Rankin · License #MO 2018038830
Source:
Crexi
Added: Feb 4
Changed: Aug 10
Last Checked: Aug 11 at 2:12PM
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 SVN Rankin Company, LLC
Investment Insights
Based on property information with market context.
This is a 2,584 SF free standing building located on W Kearney in Springfield, Missouri. The building includes a large entry area, several offices, and a shop area featuring two work bays, each equipped with overhead door access. The property is zoned Highway Commercial (HC) and is situated directly on W Kearney, providing great visibility and easy access from other major thoroughfares. The property is located east of the intersection of W. Kearney and N. Kansas Expressway in NW Springfield, Missouri. Surrounding retailers include Bank of America, Burger King, McDonalds, Wendy's, Taco Bell, McAlisters Deli, Hobby Lobby, Panera Bread, Braum's Ice Cream, Harbor Freight, Walmart Super Center, and Take 5 Oil Change.
Key Highlights
- 2,584 SF free‑standing building
- Located on W Kearney with great visibility
- Highway Commercial (HC) zoning
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
$20,476
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
7.73%
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%
$409,520
$409.5K
Cap Rate 7%
$292,514
$292.5K
Cap Rate 9%
$227,511
$227.5K
Market Conditions
NOI Build-Up for 2,584 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
$28.5K $11.04/SF
− Vacancy
−$1.2K −$0.47/SF
EGI
$27.3K $10.57/SF
− OpEx
−$6.8K −$2.64/SF
NOI
$20.5K $7.92/SF
Area
Springfield, MO
Vacancy
4.30%
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%
$409,520
Cap Rate 7%
$292,514
Cap Rate 9%
$227,511
Alternative Uses
Best Use
Office B
$292.5K
$256.0K – $341.3K
NOI $20,476 @ 7.0% cap · market cap 7.73%
Second Best
Mixed Use
$276.2K
$241.7K – $322.2K
NOI $19,332 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$390.0K
$341.3K – $455.0K
NOI $27,301 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 2,584 SF building on W Kearney in Springfield, Missouri.
Where is this mixed-use property located?
The property is located at 521 W Kearney St Springfield, MO.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,584 SF free‑standing building; Located on W Kearney with great visibility; Highway Commercial (HC) zoning
