Brick Office
For Sale
$899,000
605 N Boonville Avenue, Springfield, MO 65806
CC zoning supports office or retail use, with a layout suited to single- or multi-tenant occupancy.
Property Size6,567 SF
Lot Size0.55 Acres
Price / SF$136.90
Days on Market531
Property Features for 605 N Boonville Avenue
General Information
Standard status
Active
Size
6,567 SF
Lot size
0.55 Acres
Property subtype
Commercial
Zoning
Center City (CC
Site & Location
Neighborhood
West Central
Highway Access
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$11,902
Building Details
Building Size
6,567 SF
Year Built
1947
Buildings
1
Construction
brick
Listing Agency:
Murney Associates - Primrose
Listed By:
John E Schnoebelen · License #MO 2019014029
(417) 823-2300
Source:
Jimhutchesonrealtors
Added: May 21, 2025
Changed: Oct 30
Last Checked: Oct 30 at 2:18AM
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 6,567-square-foot, all-brick office building occupies a 0.55-acre parcel and dates to 1947. Its design was inspired by a Wurlitzer jukebox, and the building was originally constructed for KGBX Radio. The property offers parking for 10 vehicles off street, plus 10 or more on-street spaces. CC zoning and the single- or multi-tenant configuration support office or retail use; the site also has room for expansion.
The property is in downtown Springfield, with access to Chestnut Expressway and walking distance to the courthouse and Park Central Square. Nearby destinations include Jordan Valley Innovation Center, Brick City and Government Plaza.
The property is in downtown Springfield, with access to Chestnut Expressway and walking distance to the courthouse and Park Central Square. Nearby destinations include Jordan Valley Innovation Center, Brick City and Government Plaza.
Key Highlights
- 6,567‑square‑foot office building on a 0.55‑acre parcel
- 10 off‑street parking spaces and 10+ on‑street spaces
- CC zoning; office or retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,037
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,740
$1.0M
Cap Rate 7%
$743,386
$743.4K
Cap Rate 9%
$578,189
$578.2K
Market Conditions
NOI Build-Up for 6,567 SF
Gross rent
$72.5K $11.04/SF
− Vacancy
−$3.1K −$0.47/SF
EGI
$69.4K $10.57/SF
− OpEx
−$17.3K −$2.64/SF
NOI
$52.0K $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 Rate 5%
$1,040,740
Cap Rate 7%
$743,386
Cap Rate 9%
$578,189
Alternative Uses
Best Use
Office B
$743.4K
$650.5K – $867.3K
NOI $52,037 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.2K
$867.3K – $1.16M
NOI $69,382 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,258
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - CC zoning supports office or retail use, with a layout suited to single- or multi-tenant occupancy.
Where is this office building located?
The property is located at 605 N Boonville Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 6,567‑square‑foot office building on a 0.55‑acre parcel; 10 off‑street parking spaces and 10+ on‑street spaces; CC zoning; office or retail use
