Remodeled Flex Industrial
For Sale
Contact for pricing
820 N Cedarbrook Ave, Springfield, MO 65802
Masonry flex facility with remodeled offices, manufacturing space, heavy electrical service, and multiple loading options.
Property Size40,704 SF
Lot Size2.24 Acres
Price / SF$110
Days on Market286
Property Features for 820 N Cedarbrook Ave
General Information
Standard status
Active
Size
40,704 SF
Lot size
2.24 Acres
Property subtype
INDUSTRIAL
Zoning
GM
Warehouse & Industrial
Warehouse Space
35,000 SF
Office Build-Out
6,000 SF
Dock-High Doors
2
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Construction
masonry
Listing Agency:
R.B. Murray Company
(417) 881-0600
Listed By:
Ross Murray
(417) 881-0600
Source:
Moodyscre
Added: Nov 18, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:10PM
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 R.B. Murray Company
Investment Insights
Based on property information with market context.
This 40,704-square-foot flex property combines approximately 6,000 square feet of remodeled office space with approximately 35,000 square feet of open warehouse and manufacturing area. The building features full split-faced block masonry construction, upgraded office systems and finishes, air lines throughout the industrial area, and heavy electrical service. Automated doors serve both the office and warehouse areas, and the facility is fully sprinklered.
Loading infrastructure includes two dock-high doors, one UPS dock door, and one oversized grade-level door. The 2.24-acre paved site provides parking and yard space, while two-thirds of the roof has been replaced with a TPO membrane system. Zoned GM, the property is located at 820 N Cedarbrook Ave in Springfield, Missouri. The building is occupied and tours are available by appointment only.
Loading infrastructure includes two dock-high doors, one UPS dock door, and one oversized grade-level door. The 2.24-acre paved site provides parking and yard space, while two-thirds of the roof has been replaced with a TPO membrane system. Zoned GM, the property is located at 820 N Cedarbrook Ave in Springfield, Missouri. The building is occupied and tours are available by appointment only.
Key Highlights
- 40,704‑square‑foot flex facility on a 2.24‑acre paved site
- Approximately 6,000 SF of remodeled office space
- Approximately 35,000 SF of open warehouse/manufacturing area with air lines
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
$158,520
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
3.54%
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%
$3,170,400
$3.2M
Cap Rate 7%
$2,264,571
$2.3M
Cap Rate 9%
$1,761,333
$1.8M
Market Conditions
NOI Build-Up for 40,704 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
$190.5K $4.68/SF
− Vacancy
−$4.0K −$0.10/SF
EGI
$186.5K $4.58/SF
− OpEx
−$28.0K −$0.69/SF
NOI
$158.5K $3.89/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
15.00%
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%
$3,170,400
Cap Rate 7%
$2,264,571
Cap Rate 9%
$1,761,333
Alternative Uses
Best Use
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,520 @ 7.0% cap · market cap 3.54%
Second Best
Industrial
$1.86M
$1.63M – $2.18M
NOI $130,546 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$6.14M
$5.38M – $7.17M
NOI $430,049 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Masonry flex facility with remodeled offices, manufacturing space, heavy electrical service, and multiple loading options.
Where is this flex space located?
The property is located at 820 N Cedarbrook Ave Springfield, MO.
What is the asking price?
The asking price for this property is $4,477,440.
What are key features of this property?
This property features: 40,704‑square‑foot flex facility on a 2.24‑acre paved site; Approximately 6,000 SF of remodeled office space; Approximately 35,000 SF of open warehouse/manufacturing area with air lines
