Listing Agency: SVN | Rankin Company, LLC Show Phone

Listed By: Jack Rankin · License #2018038830 Show Phone

Source: Moodyscre

Added: Sep 1, 2025 Changed: Oct 3 Last Checked: Oct 14 at 10:07PM

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Investment Insights

Based on property information with market context.

This 4,200-square-foot retail storefront is configured as three separate 1,400-square-foot units, providing a practical setup for multiple occupants or a larger combined layout. The spaces can be joined to support an owner-user configuration or expanded retail format.

The property carries Highway Commercial zoning and is located at 610-614 N National Ave in Springfield, Missouri. It sits just south of the intersection of E. Chestnut Expressway and N. National Ave, placing the building within an established commercial setting. The property is offered for sale or lease.

Key Highlights

• 4,200 SF retail storefront
• Three 1,400 SF units currently in place
• Units can be combined for a larger owner‑user layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,257

Cap Rate

4.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$625,140 $625.1K

Cap Rate 7%

$446,529 $446.5K

Cap Rate 9%

$347,300 $347.3K

Market Conditions

NOI Build-Up for 4,200 SF

Gross rent

$46.4K $11.04/SF

− Vacancy

−$1.7K −$0.41/SF

EGI

$44.7K $10.63/SF

− OpEx

−$13.4K −$3.19/SF

NOI

$31.3K $7.44/SF

Area

Springfield, MO

Vacancy

3.70%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$625,140

Cap Rate 7%

$446,529

Cap Rate 9%

$347,300

Alternative Uses

Best Use

Retail

$446.5K

$390.7K – $521.0K (±1% cap)

NOI $31,257 @ 7.0% cap · market cap 4.81%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$633.9K

$554.7K – $739.6K (±1% cap)

NOI $44,374 @ 7.0% cap · market cap 6.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Skin Care Clinic Grocery & Convenience Store Auto Parts Store Nail Salon (Bike/Boat/Book/etc) Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

868

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 65802, MO

48,233

Population

20,199

Households

2.4

Avg Household Size

35

Median Age

26%

College-Educated

89%

High-School Grad

61.4 sq mi

ZIP Area

786

Density / Sq Mi

$51,080

Median Household Income

$34,298

Median Earnings

$900

Median Rent

$162,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Highway Commercial-zoned storefront with flexible space for multiple occupants or a combined owner-user layout.

Where is this storefront property located?

The property is located at 610-614 N National Ave Springfield, MO.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 4,200 SF retail storefront; Three 1,400 SF units currently in place; Units can be combined for a larger owner‑user layout