Retail Spaces Near University
For Sale
Contact for pricing
616 E Madison, Springfield, MO 65806
Retail spaces available in new mixed-use development near Missouri State.
Property Size7,500 SF
Price / SF$0.00
Days on Market275
Property Features for 616 E Madison
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Retail
Lease Term
NNN
Site & Location
Neighborhood
Downtown
Building Details
Building Size
7,500 SF
Year Built
2018
Properties For Sale
at 616 E Madison Contact usSuite 104
Size
1,200 SF
Type
Street Retail
Term
60 months
Suite 108
Size
1,500 SF
Type
Street Retail
Term
60 months
Suite 120
Size
1,500 SF
Type
Restaurant
Term
60 months
Listing Agency:
SVN | Rankin Company, LLC
Listed By:
Arch Watson · License #2009010579
(417) 773-9022
Source:
Svn
Added: Jan 27
Changed: Oct 26
Last Checked: Oct 28 at 4:43AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This new mixed-use development is located at the corner of South Kimbrough Avenue and Madison Street, on the western edge of the Missouri State University campus, which has an enrollment of over 26,000 students. The immediate surrounding area has experienced significant redevelopment in the student housing market in recent years. The development includes three retail spaces ranging from 1,200 to 1,500 square feet, with a maximum contiguous space of 2,700 square feet. A 1,500-square-foot space is designated for restaurant use. All units feature entrances on the Kimbrough frontage for walk-up business and on the east side of the building for front door parking. The estimated NNN charges are $3.85 per square foot. The property benefits from its hard corner location and Kimbrough frontage.
Key Highlights
- Located on the western edge of Missouri State University's campus with over 26,000 students.
- Hard corner location at the signaled intersection of S. Kimbrough Ave and Madison St.
- Front door parking available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,815
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,300
$1.1M
Cap Rate 7%
$797,357
$797.4K
Cap Rate 9%
$620,167
$620.2K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$82.8K $11.04/SF
− Vacancy
−$3.1K −$0.41/SF
EGI
$79.7K $10.63/SF
− OpEx
−$23.9K −$3.19/SF
NOI
$55.8K $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%
$1,116,300
Cap Rate 7%
$797,357
Cap Rate 9%
$620,167
Alternative Uses
Best Use
Specialty Retail
$854.3K
$747.5K – $996.7K
NOI $59,802 @ 7.0% cap · market cap 332,233.33%
Second Best
Retail
$797.4K
$697.7K – $930.3K
NOI $55,815 @ 7.0% cap · market cap 310,083.33%
Theoretical Best
Office A
$1.13M
$990.5K – $1.32M
NOI $79,240 @ 7.0% cap · market cap 440,222.22%
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
Location Intelligence
Trade Area within ½ mile
1,620
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail spaces available in new mixed-use development near Missouri State.
Where is this retail space located?
The property is located at 616 E Madison Springfield, MO.
What are key features of this property?
This property features: Located on the western edge of Missouri State University's campus with over 26,000 students.; Hard corner location at the signaled intersection of S. Kimbrough Ave and Madison St.; Front door parking available.
