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    633 W Walnut St Springfield, MO 65806

    633 W Walnut St, Springfield, MO, 65806
    Contact for pricing
    For Sale
    Contact for pricing

    Retail space

    Property Size1,854 SF
    Price / SF$134.84
    Days on Market989

    Property Features for 633 W Walnut St

    General Information

    Standard status
    Active
    Size
    1,854 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1900
    Listing Agency Zamora Real Estate
    Listed by Gerald Zamora · License #MO 2003028519
    Source Crexi
    Added: Nov 4, 2023 Checked: Jul 19 at 5:31 am

    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 Zamora Real Estate

    Investment Insights

    Based on property information with market context.

    Key Highlights

    • Prime downtown Springfield location in a dynamic district
    • Enhanced streetscape due to the recently completed Grant Street restoration project
    • Connects Bass Pro tourist area to Springfield's downtown square

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $20.5k $11.04
    − Vacancy −$880 −$0.47
    EGI $19.6k $10.57
    − OpEx −$4.9k −$2.64
    NOI $14.7k $7.92
    1,854 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $209.9K
    $183.6K – $244.9K (±1% cap)
    NOI $14,691 @ 7.0% cap · market cap 5.88%
    Second Best
    Retail
    $197.1K
    $172.5K – $230.0K (±1% cap)
    NOI $13,798 @ 7.0% cap · market cap 5.52%
    Theoretical Best
    Office A
    $279.8K
    $244.9K – $326.5K (±1% cap)
    NOI $19,588 @ 7.0% cap · market cap 7.84%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Life Alert Hospital

    Suggested Use

    Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Catering Service Pet Grooming Service Wine and Liquor Store Veterinary Clinic (Bike/Boat/Book/etc) Store Tanning Salon Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    Where is this retail space located?
    The property is located at 633 W Walnut St Springfield, MO.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime downtown Springfield location in a dynamic district; Enhanced streetscape due to the recently completed Grant Street restoration project; Connects Bass Pro tourist area to Springfield's downtown square
    Contact an agent
    (417) 522-9940 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gerald Zamora
    Gerald Zamora
    Real Estate License ID: MO 2003028519
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