Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Springfield Office Building For Sale Title is generated by Realmo AI

    800 E Walnut St, Springfield, MO 65806

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $500,000

    Two-story office building with attic and basement near Missouri State.

    Type:Office
    Property size:
    3,260 SF
    Price / SF:
    $153/SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 6 at 12:01 am

    Property Features for 800 E Walnut St

    General Information

    Standard status
    Active
    Size
    3,260 SF
    Property subtype
    Office

    Building Details

    Year Built
    1902

    We can help!

    Listing Contact
    Jeff Childs, SIOR, CCIM

    Listing agent Jeff Childs, SIOR, CCIM

    Listing office SVN | Rankin Company, LLC

    Listing date Nov 21, 2025

    Source Svn

    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 SVN | Rankin Company, LLC

    HighLights

    • ±3,260 SF building along Historic Walnut Street
    • Located near downtown Springfield, MO and Missouri State University
    • Two floors with an attic and basement
    • Retrofitted for office space
    • First floor contains full kitchen and laundry room
    • Multiple restaurants, shops and other amenities within walking distance

    Overview

    Located along the Historic Walnut Street in downtown Springfield, MO, this two-story building offers approximately 3,260 SF of office space. The building also includes an attic and a basement. The first floor features two large rooms, one smaller room, a full kitchen, a laundry room, and one restroom. The second floor contains five rooms and a restroom. Situated on the south side of Walnut Street, the stand-alone building is near Missouri State University and offers convenient access to multiple restaurants, shops, and other amenities within walking distance. The building is currently occupied by a commercial tenant.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $287.0K
    NOI $25,832 @ 9.00% cap · cautious / downside scenario
    Moderate
    $369.0K
    NOI $25,832 @ 7.00% cap · market / base-case scenario
    Aggressive
    $516.6K
    NOI $25,832 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $36.0k $11.04
    − Vacancy −$1.5k −$0.47
    EGI $34.4k $10.57
    − OpEx −$8.6k −$2.64
    NOI $25.8k $7.92
    3,260 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $369.0K
    $322.9K – $430.5K (±1% cap)
    NOI $25,832 @ 7.0% cap · market cap 5.17%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $492.0K
    $430.5K – $574.1K (±1% cap)
    NOI $34,443 @ 7.0% cap · market cap 6.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thrive & Be Well Crisis Center Holistic Real Estate ... Real Estate Agency Orchid Counseling Services, ... Counselor Candace Faith Real ... Real Estate Agency 417 Satori Wellness Program

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3005
    Latitude
    37.207

    Nearby Similar for Sale

    • $595,000

      Stand-Alone Office Building For Sale

      Office building with prime frontage and high visibility in Springfield.
      1024 W Battlefield Road, Springfield, MO 65807
      View Details
    • $699,000
      2,150 SF

      Updated Office on High-Traffic Street

      Remodeled Class B office building on a busy commercial corridor.
      2760 E Sunshine Street, Springfield, MO 65804
      View Details
    • $250,000
      2,874 SF

      Former Restaurant on Historic Walnut

      Former restaurant near Downtown Springfield and Missouri State University.
      1129 E Walnut Street, Springfield, MO 65806
      View Details
    • $625,000

      Updated Office Building Near University

      Two-story commercial office building with income potential near Evangel.
      1331 N Stewart Avenue, Springfield, MO 65802
      View Details
    • $690,000

      Professional Office Building in Springfield

      Standalone office building suitable for medical, professional, or administrative uses.
      1661 W Elfindale Street, Springfield, MO 65807
      View Details
    • $130,000
      1,600 SF

      Versatile Office Building on Scenic

      Adaptable office space with high visibility and ample parking.
      426 S Scenic Avenue, Springfield, MO 65802
      View Details
    • $164,999
      1,368 SF

      Renovated Commercial Space in Springfield

      Versatile commercial space ideal for various small business ventures.
      2240 N Grant Avenue, Springfield, MO 65803
      View Details
    • $2,000
      2,920 SF

      Versatile Commercial Property on Kearney

      Two buildings, high visibility, ideal for office, retail, or warehouse.
      419 W Kearney Street, Springfield, MO 65803
      View Details
    • $319,000
      2,800 SF

      Spacious Duplex Near MSU

      All brick 3-bedroom duplex near MSU with updated units.
      640 S Kansas Avenue, Springfield, MO 65802
      View Details
    • $385,000

      Historic Springfield Bank Building

      Iconic mid-century modern building with commercial potential in Springfield.
      532 E Walnut Street, Springfield, MO 65806
      View Details
    • $839,900
      3,515 SF

      Class-A Office Condominium For Sale

      Turnkey 3,515 SF office space in Bradford Place Condominiums.
      1531 E Bradford Parkway, Springfield, MO 65804
      View Details
    • $525,000
      3,600 SF

      Rountree Duplex: Rare Opportunity

      Upscale duplex in sought-after Rountree neighborhood, Springfield.
      737 S Pickwick Avenue, Springfield, MO 65802
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with attic and basement near Missouri State.
    Where is this office building located?
    The property is located at 800 E Walnut St 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: ±3,260 SF building along Historic Walnut Street; Located near downtown Springfield, MO and Missouri State University; Two floors with an attic and basement
    (417) 887-8826
    We can help!
    Listing Contact
    Jeff Childs, SIOR, CCIM
    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

    Thank You for Inquiry
    800 E Walnut St, Springfield, MO 65806
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!