Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    720 W Springfield Road Sullivan, MO 63080

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,045,000

    Ideal location for retail, restaurant, or pharmacy with high traffic.

    Type:Lots/Land
    Lot size:
    2.00 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    8
    Last Refresh:
    Mar 26 at 1:08 am

    Property Features for 720 W Springfield Road

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Jeffrey Lock

    Listing agent Jeffrey Lock License #2016013918

    Listing office HD Real Estate LLC

    Listing date Mar 25, 2026

    Source Exitrealty

    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 HD Real Estate LLC

    Overview

    Premier Location at Busiest Corner

    This property is located at a premier location on the busiest stop-light corner in Sullivan. The site is suitable for a pharmacy, retail center, gasoline/convenience store, or restaurant. The location benefits from continual traffic throughout the day and evening, providing significant exposure. The James Schatz Memorial Overpass connects residents traveling to the north of I-44 to the Primary and Junior High Schools, and those traveling to the south of I-44 to Missouri Baptist Hospital, the Mercy Clinic, grocery shopping, the elementary or high school. The property consists of multiple Parcel ID #'s: 35-4-17.0-2-001-001.000; 35-4-17.0-2-001-026.000; 35-4-17.0-2-001-025.000 and 35-4-17.0-2-001-002.000. The property is approximately 2.0 acres and is located in the city at a corner location with high traffic.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sullivan
    County
    Franklin
    State
    Missouri
    Longitude
    -91.152107
    Latitude
    38.223142

    Nearby Similar for Sale

    • $250,000

      I-44 Frontage Retail Opportunity

      Commercial property on I-44 with high visibility and access.
      780 S Service Road, Sullivan, MO 63080
      View Details
    • $118,500

      Land Near Lake Baja

      30.73+/- acre property near Lake Baja with hunting rights.
      10223 San Juan Trail, Sullivan, MO 63080
      View Details
    • $5,000

      Residential Land in Woodland Lakes

      Residential land in gated recreational community with lakes and amenities.
      8 Woodland Lakes, Sullivan, MO 63080
      View Details
    • $2,500,000
      800 SF

      824+/- Acre Hunting/Recreational Land

      Large acreage with creek frontage, tillable land, and established trails.
      000 Highway A, Sullivan, MO 63080
      View Details
    • $125,000

      Sullivan Commercial Land For Sale

      9+/- acres of commercial land in Sullivan, MO, with owner financing.
      01 E SPRINGFIELD RD SULLIVAN, MO 63080, Sullivan, MO 63080
      View Details
    • $416,000

      Prime Commercial Land I-44 Exposure

      1.3 acres commercial property with high traffic and I-44 exposure.
      805 N Service W Road Lot A, Sullivan, MO 63080
      View Details
    • $850,000
      1,500 SF

      Prime Land Near Hospital

      3.1 acres of commercial land adjacent to hospital.
      673 Sappington Bridge Road, Sullivan, MO 63080
      View Details
    • Contact for pricing

      Land Available Near Retail Hub

      Land for sale near I-44 and Route 185.
      464-582 E Springfield Rd, Sullivan, MO
      View Details
    • $399,900
      1,380 SF

      Equestrian Property with 9,000 SF Barn

      7+ acre equestrian property with barn, arena, and apartment.
      12124 Hamilton Hollow Road, Sullivan, MO 63080
      View Details
    • $165,000
      1,200 SF

      Energy-Efficient Home with Land

      Two-bedroom earth home with pole barn and wooded acreage.
      23106 State Highway A, Sullivan, MO 63080
      View Details
    • $125,000

      Sullivan Commercial Land For Sale

      9 +/- acres of commercial land in Sullivan, Missouri.
      01 E SPRINGFIELD RD, Sullivan, MO 63080
      View Details
    • $1,045,000

      Premier Location at Busiest Corner

      High-traffic commercial land ideal for retail, restaurant, or pharmacy.
      720 W Springfield Rd, Sullivan, MO 63080
      View Details

    FAQs

    What type of property is this?
    Commercial land - Ideal location for retail, restaurant, or pharmacy with high traffic.
    Where is this commercial land located?
    The property is located at 720 W Springfield Road Sullivan, MO.
    What is the asking price?
    The asking price for this property is $1,045,000.
    What are key features of this property?
    This property features: Premier location at the busiest stop‑light corner in Sullivan.; High‑traffic location provides fantastic exposure for businesses.; Ideal for a pharmacy, retail center, gasoline/convenience store, or restaurant.
    (573) 860-4343
    We can help!
    Listing Contact
    Jeffrey Lock
    Real Estate License ID: 2016013918
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!