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    1959 Kerr St Springfield, MO 65803

    Sponsored
    For Sale
    $6,495,000

    Multi-Tenant Office Building, 47,000+ SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Springfield, Missouri executive office building presents a compelling investment opportunity. Boasting over 47,000 square feet, the multi-tenant property is strategically located on over 6 acres along I-44, providing unparalleled visibility and accessibility. Currently occupied by Netsmart Technologies, the building offers significant potential with over 16,000 square feet of vacant space, ideal for owner-occupancy or further leasing. Situated in a thriving commercial area near major retailers like Walmart, Applebee's, and the Doubletree by Hilton, this property benefits from high traffic counts (53,902 at I-44 & Glenstone) within a robust MSA population of 475,432. Fully renovated in 2018, the building features 200 parking spaces, a loading dock, a storm shelter, Cat 6 wiring, and two elevators. The property's prime location on Kerr Street, directly connected to Glenstone Avenue, a major Springfield thoroughfare, ensures exceptional exposure and convenient access. This NNN-leased building offers a strong return on investment in a dynamic market. The asking price is $6,495,000.

    Property Features for 1959 Kerr St

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • $6,495,000 asking price for this multi‑tenant office building.
    • 47,000+ square feet, with 16,000+ square feet currently vacant.
    • Located on over 6 acres in Springfield, MO, with excellent visibility and access to I‑44 and Glenstone Avenue.
    • Fully renovated in 2018.
    • Features 200 parking spaces, a loading dock, storm shelter, Cat 6 wiring, and two elevators.
    Property Profile Location Intelligence

    Current Use by Public Records

    Netsmart Software Company Students In Free Enterprise Non-Profit Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.257535
    Latitude
    37.249199

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-Tenant Office Building, 47,000+ SF
    Where is this office property / space located?
    The property is located at 1959 Kerr St Springfield, MO.
    What is the asking price?
    The asking price for this property is $6,495,000.
    What are key features of this property?
    This property features: $6,495,000 asking price for this multi-tenant office building.; 47,000+ square feet, with 16,000+ square feet currently vacant.; Located on over 6 acres in Springfield, MO, with excellent visibility and access to I-44 and Glenstone Avenue.
    Request Owner's contact information
    1959 Kerr St Springfield, MO 65803
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    Springfield, MO 65803
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    Realmo Value Estimation

    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.

    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.

    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
    1959 Kerr St Springfield, MO 65803
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