Automotive Property with Service
703 S Glenstone Avenue, Springfield, MO 65802
For Sale
$250,000
Pending
Commercial Sale, Springfield, MO
Property Size5,073 SF
Lot Size0.26 Acres
Days on Market13
Property Features for 703 S Glenstone Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Fencing
Subdivision
Lot features
View
Directions
Standard status
APN
Lot size
Tenancy & Operations
Currently Operating
Real Estate Included
Business Included
Additional Details
Automotive Uses
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Amenities
private offices
restrooms
partially finished upper level
storage
Building Details
Year built
Roof type
Buildings
Listing Agency:
Keller Williams Local · Keller Williams Realty
(417) 883-4900
Listed By:
Adam Graddy · License MO #2004014961
(417) 501-5091
Added: Oct 28
Changed: Nov 9
Last Checked: Nov 9 at 11:06PM
MLS# 60337239
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,073-square-foot automotive property is currently used as a dealership. The main floor contains five private offices and two restrooms, while a partially finished upper level provides four additional spaces and a full bathroom. Two single-car service bays, storage areas, and parking for approximately 15 vehicles round out the building. The property occupies 0.26 acres and was built in 1938.
The site is at the corner of Glenstone Avenue and Monroe Street in Springfield, Missouri, with frontage along Glenstone Avenue. Zoning is INC. The existing operation includes an automotive dealership and an associated financing business; the seller reports active dealer and financing licenses, subject to verification and transfer requirements. Furniture, fixtures, and equipment are available separately.
The site is at the corner of Glenstone Avenue and Monroe Street in Springfield, Missouri, with frontage along Glenstone Avenue. Zoning is INC. The existing operation includes an automotive dealership and an associated financing business; the seller reports active dealer and financing licenses, subject to verification and transfer requirements. Furniture, fixtures, and equipment are available separately.
Key Highlights
- 5,073‑square‑foot property on 0.26 acres
- Five private main‑level offices, plus four additional upper‑level spaces
- Two single‑car service bays and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,270
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,400
$325.4K
Cap Rate 7%
$232,429
$232.4K
Cap Rate 9%
$180,778
$180.8K
Market Conditions
NOI Build-Up for 5,073 SF
Gross rent
$23.7K $4.68/SF
− Vacancy
−$499 −$0.10/SF
EGI
$23.2K $4.58/SF
− OpEx
−$7.0K −$1.37/SF
NOI
$16.3K $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 Rate 5%
$325,400
Cap Rate 7%
$232,429
Cap Rate 9%
$180,778
Alternative Uses
Best Use
Retail
$539.3K
$471.9K – $629.2K
NOI $37,754 @ 7.0% cap · market cap 15.10%
Second Best
Industrial
$232.4K
$203.4K – $271.2K
NOI $16,270 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$765.7K
$670.0K – $893.3K
NOI $53,598 @ 7.0% cap · market cap 21.44%
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
Lease Details
2
Service bays
40,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 65802, MO
48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Automotive properties in Springfield
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 706 S Glenstone Ave, Springfield, MO 65802
- Cox Climate-Storage — 221 S National Ave, Springfield, MO 65802
- Work Horse Automotive Sales & Services — 1530 E St Louis St, Springfield, MO 65802
- Spoolin Enterprises / Zhookup — 1261 E St Louis St, Springfield, MO 65802
- Penske Truck Rental — 1301 E St Louis St, Springfield, MO 65802
Frequently Asked Questions
What type of property is this?
Automotive property - An operating dealership includes office space, vehicle service capacity, storage, and on-site parking.
Where is this automotive property located?
The property is located at 703 S Glenstone Avenue 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: 5,073‑square‑foot property on 0.26 acres; Five private main‑level offices, plus four additional upper‑level spaces; Two single‑car service bays and storage
