NW Springfield Shops For
For Sale
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701 N Canton Ave, Springfield, MO
2,800 SF shops with lift and paint booth.
Property Size2,800 SF
Lot Size0.58 Acres
Price / SF$80.36
Days on Market268
Property Features for 701 N Canton Ave
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.58 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Moreno Group Commercial Realty
(417) 351-3131
Listed By:
Tyler Ray · License ##2018016609
(417) 351-3131
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Aug 8
Last Checked: Aug 19 at 12:50PM
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 Moreno Group Commercial Realty
Investment Insights
Based on property information with market context.
Located in Northwest Springfield, Missouri, this property features approximately 2,800 square feet of shop space. The site includes two 30' x 40' shops, one of which contains a 2-post floor lift and an operational paint booth. Additional features include a small secured fenced storage yard, living quarters, a full restroom with shower, washer and dryer hookups, and a kitchenette. The property is situated off West Chestnut Expressway, offering convenient access to Interstate-44. Nearby businesses include Ozark Mountain Steel, Eagle Tire Company, Plaza Mexico, Casey's General Store, Dollar General, Pilot Flying J, and Shell.
Key Highlights
- Two 30' x 40' shops, including a 2‑post floor lift and operational paint booth.
- Convenient location off W Chestnut Expressway with close Interstate‑44 access.
- Living quarters with full restroom/shower, washer/dryer hookup, and kitchenette.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,980
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$179,600
$179.6K
Cap Rate 7%
$128,286
$128.3K
Cap Rate 9%
$99,778
$99.8K
Market Conditions
NOI Build-Up for 2,800 SF
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.
Gross rent
$13.1K $4.68/SF
− Vacancy
−$275 −$0.10/SF
EGI
$12.8K $4.58/SF
− OpEx
−$3.8K −$1.37/SF
NOI
$9.0K $3.21/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$179,600
Cap Rate 7%
$128,286
Cap Rate 9%
$99,778
Alternative Uses
Best Use
Retail
$297.7K
$260.5K – $347.3K
NOI $20,838 @ 7.0% cap · market cap 9.26%
Second Best
Industrial
$128.3K
$112.3K – $149.7K
NOI $8,980 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$422.6K
$369.8K – $493.1K
NOI $29,583 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 2,800 SF shops with lift and paint booth.
Where is this flex space located?
The property is located at 701 N Canton Ave Springfield, MO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two 30' x 40' shops, including a 2‑post floor lift and operational paint booth.; Convenient location off W Chestnut Expressway with close Interstate‑44 access.; Living quarters with full restroom/shower, washer/dryer hookup, and kitchenette.
