Multi-Tenant Office and Retail
New
For Sale
$2,000,000
5601 S Campbell Avenue, Springfield, MO 65810
Commercial Sale, Springfield, MO
Property Size17,200 SF
Lot Size2.00 Acres
Price / SF$116.28
Days on Market3
Property Features for 5601 S Campbell Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PAD
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 3, Bathroom 5, Bathroom 10, Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 9, Bathroom 8, Bathroom 1, Bathroom 7
Parking features
Garage - Attached, Parking Lot
Lot features
Wooded
View
City
Directions
South on Campbell from Weaver Rd. property on West side of the road.
Standard status
Active
APN
1823400469
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TBD at closing
Tax Annual Amount
18212
Legal Description
TBD at closing
Utilities
Utilities
Water Available
Building Details
Year built
1979
Roof type
Flat
Listing Agency:
Keller Williams Local · Keller Williams Realty
(417) 883-4900
Listed By:
Adam Graddy · License #2004014961
(417) 501-5091
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 1:06PM
MLS# 60335421
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This PAD-zoned office and retail property contains nearly 17,200 square feet across 10 suites, with nine leased and one available for occupancy. The 2.0-acre site includes three garage stalls, asphalt parking, a pole sign, and frontage along South Campbell Avenue. Built in 1979, the building has a flat roof; a replacement roof was installed in 2021, and two HVAC systems were added in 2023.
Water is available at the property. The back acreage is to be separated by survey before closing, and an easement will be required. An adjacent business is not included in the sale.
Water is available at the property. The back acreage is to be separated by survey before closing, and an easement will be required. An adjacent business is not included in the sale.
Key Highlights
- Nearly 17,200 square feet on 2.0 acres
- 10 suites: 9 leased and 1 available for an owner‑user
- South Campbell Avenue frontage and pole sign
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
$136,292
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
6.81%
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%
$2,725,840
$2.7M
Cap Rate 7%
$1,947,029
$1.9M
Cap Rate 9%
$1,514,356
$1.5M
Market Conditions
NOI Build-Up for 17,200 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
$189.9K $11.04/SF
− Vacancy
−$8.2K −$0.47/SF
EGI
$181.7K $10.57/SF
− OpEx
−$45.4K −$2.64/SF
NOI
$136.3K $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%
$2,725,840
Cap Rate 7%
$1,947,029
Cap Rate 9%
$1,514,356
Alternative Uses
Best Use
Office B
$1.95M
$1.70M – $2.27M
NOI $136,292 @ 7.0% cap · market cap 6.81%
Second Best
Mixed Use
$1.84M
$1.61M – $2.14M
NOI $128,678 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,723 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
10
Office units
90%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 65810, MO
23,168
Population
10,022
Households
2.3
Avg Household Size
42
Median Age
47%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
1,931
Density / Sq Mi
$90,562
Median Household Income
$50,155
Median Earnings
$1,109
Median Rent
$282,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Nine occupied suites and one available suite provide a mix of leased space and owner-user availability.
Where is this mixed-use property located?
The property is located at 5601 S Campbell Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Nearly 17,200 square feet on 2.0 acres; 10 suites: 9 leased and 1 available for an owner‑user; South Campbell Avenue frontage and pole sign
