NNN Restaurant
New
For Sale
$500,000
636 W Republic Rd Unit R1u4, Springfield, MO 65807
The restaurant condominium sits within a mixed-use development with retail and office components.
Property Size1,758 SF
Price / SF$284.41
Days on Market7
Property Features for 636 W Republic Rd Unit R1u4
General Information
Standard status
Active
Size
1,758 SF
Property subtype
Commercial
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Murney Associates - Primrose
Listed By:
Matt M Miller · License #MO 2004020753
(417) 576-3846
Source:
Trilakeshomesearch
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 6 at 2:51AM
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
Investment Insights
Based on property information with market context.
This 1,758-square-foot restaurant condominium was built in 2006 and is located in Corporate Village, a development combining retail and office uses. IMO’s Pizza has operated at this Springfield address for more than 20 years. A recently signed five-year NNN lease is in place with the experienced restaurant operator.
Corporate Village is in southwest Springfield, Missouri. The property is located at 636 W Republic Rd, Unit R1u4.
Corporate Village is in southwest Springfield, Missouri. The property is located at 636 W Republic Rd, Unit R1u4.
Key Highlights
- 1,758‑square‑foot restaurant condominium
- Five‑year NNN lease recently signed with the restaurant operator
- IMO’s Pizza has operated at this location for more than 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,018
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,360
$280.4K
Cap Rate 7%
$200,257
$200.3K
Cap Rate 9%
$155,756
$155.8K
Market Conditions
NOI Build-Up for 1,758 SF
Gross rent
$19.4K $11.04/SF
− Vacancy
−$718 −$0.41/SF
EGI
$18.7K $10.63/SF
− OpEx
−$4.7K −$2.66/SF
NOI
$14.0K $7.97/SF
Area
Springfield, MO
Vacancy
3.70%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,360
Cap Rate 7%
$200,257
Cap Rate 9%
$155,756
Alternative Uses
Best Use
Specialty Retail
$200.3K
$175.2K – $233.6K
NOI $14,018 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.3K
$232.2K – $309.6K
NOI $18,574 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - The restaurant condominium sits within a mixed-use development with retail and office components.
Where is this nnn property located?
The property is located at 636 W Republic Rd Unit R1u4 Springfield, MO.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,758‑square‑foot restaurant condominium; Five‑year NNN lease recently signed with the restaurant operator; IMO’s Pizza has operated at this location for more than 20 years
