Building Details

Building Size 14,966 SF

Properties For Sale

at 631 - 637 S Kimbrough Ave Contact us

631

Size 4,161 SF

Term Negotiable

Contact us

633

Size 3,195 SF

Term Negotiable

Contact us

Listing Agency: SVN | Rankin Company, LLC

Listed By: Lee McLean III, SIOR, CCIM Show Phone

Source: Svn

Added: Nov 21, 2025 Changed: Oct 25 Last Checked: Oct 24 at 2:33PM

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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

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Investment Insights

Based on property information with market context.

This retail space is located in Downtown Springfield, within walking distance of Missouri State University. The property includes a large parking lot. The building has a total area of 14,966 square feet. Two spaces are available: Unit 631, a full-service restaurant space, and Unit 633, a wide-open space that includes a dock door. The zoning is Center City (CC). The location is near Great Southern Bank Arena, Bear Village, Beacon Commons, Subway, Kum & Go, Qdoba, Panera, and other local and national companies. It is also very near Springfield's Downtown and Central Business Districts. In 2025, Missouri State University is projected to have over 22,000 students.

Key Highlights

• Prime location near Missouri State University (22,000+ students) and Downtown Springfield.
• High‑traffic location with large parking lot and multiple tenants already in place.
• Two spaces available: Unit 631 (restaurant‑ready) and Unit 633 (wide open with dock door).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$111,378

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,227,560 $2.2M

Cap Rate 7%

$1,591,114 $1.6M

Cap Rate 9%

$1,237,533 $1.2M

What to ask about pricing

Market Conditions

NOI Build-Up for 14,966 SF

Gross rent

$165.2K $11.04/SF

− Vacancy

−$6.1K −$0.41/SF

EGI

$159.1K $10.63/SF

− OpEx

−$47.7K −$3.19/SF

NOI

$111.4K $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%

$2,227,560

Cap Rate 7%

$1,591,114

Cap Rate 9%

$1,237,533

Alternative Uses

Best Use

Specialty Retail

$1.70M

$1.49M – $1.99M (±1% cap)

NOI $119,333 @ 7.0% cap · market cap 1,256,136.84%

Second Best

Retail

$1.59M

$1.39M – $1.86M (±1% cap)

NOI $111,378 @ 7.0% cap · market cap 1,172,400.00%

Theoretical Best

Office A

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,120 @ 7.0% cap · market cap 1,664,421.05%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Strip malls

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Grocery & Convenience Store Wine and Liquor Store Carpet & Flooring Store Veterinary Clinic

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

1,956

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - Wide open retail spaces near Missouri State University.

Where is this strip mall located?

The property is located at 631 - 637 S Kimbrough Ave Springfield, MO.

What are key features of this property?

This property features: Prime location near Missouri State University (22,000+ students) and Downtown Springfield.; High‑traffic location with large parking lot and multiple tenants already in place.; Two spaces available: **Unit 631 (restaurant‑ready) and Unit 633 (wide open with dock door).**