Mid-Century Bank
For Sale
$359,000
532 E Walnut Street, Springfield, MO 65806
A basement vault, original security glass and Tennessee Crab Orchard stone distinguish this commercial property.
Property Size3,848 SF
Price / SF$93.30
Days on Market242
Property Features for 532 E Walnut Street
General Information
Standard status
Active
Size
3,848 SF
Property subtype
Retail
Site & Location
Neighborhood
West Central
Taxes and HOA fees
Annual Taxes
$3,786
Building Details
Building Size
3,848 SF
Year Built
1960
Buildings
1
Construction
concrete
Listing Agency:
Murney Associates - Primrose
Listed By:
Heintz + Nunn + Brown Group · License #2014005951
(417) 209-2525
Source:
Tolbertrealtors
Added: Mar 6
Changed: Nov 1
Last Checked: Nov 1 at 3:29PM
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.
At 532 E Walnut Street in Springfield, this 3,848-square-foot bank building dates to 1960. Local architect Joe Amspacher designed it as a motor bank for Southern Missouri Trust Company. Its concrete construction is complemented by a Tennessee Crab Orchard stone exterior, six-foot overhangs and original bulletproof glass. A basement vault remains in place, along with architectural details from the building’s original banking use.
Key Highlights
- 3,848 square feet; built in 1960
- Originally designed as a motor bank for Southern Missouri Trust Company
- Concrete construction with a Tennessee Crab Orchard stone exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,683
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,660
$613.7K
Cap Rate 7%
$438,329
$438.3K
Cap Rate 9%
$340,922
$340.9K
Market Conditions
NOI Build-Up for 3,848 SF
Gross rent
$42.5K $11.04/SF
− Vacancy
−$1.6K −$0.41/SF
EGI
$40.9K $10.63/SF
− OpEx
−$10.2K −$2.66/SF
NOI
$30.7K $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%
$613,660
Cap Rate 7%
$438,329
Cap Rate 9%
$340,922
Alternative Uses
Best Use
Specialty Retail
$438.3K
$383.5K – $511.4K
NOI $30,683 @ 7.0% cap · market cap 8.55%
Second Best
Retail
$409.1K
$358.0K – $477.3K
NOI $28,637 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$580.8K
$508.2K – $677.6K
NOI $40,655 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,946
Businesses Nearby
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Business Placement
Demographics for 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - A basement vault, original security glass and Tennessee Crab Orchard stone distinguish this commercial property.
Where is this bank located?
The property is located at 532 E Walnut Street Springfield, MO.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 3,848 square feet; built in 1960; Originally designed as a motor bank for Southern Missouri Trust Company; Concrete construction with a Tennessee Crab Orchard stone exterior
