Building Details

Building Size 5,646 SF

Year Built 2025

Buildings 3

Listing Agency: Moreno Group Commercial Realty

Listed By: Tyler Ray · License #MO #2018016609 Show Phone

Source: Morenogroupmo

Added: Oct 19 Last Checked: Oct 19 at 2:17PM

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Investment Insights

Based on property information with market context.

This flex property combines a 5,646-square-foot office and showroom building with a Quonset hut and an additional ancillary structure. The 1.72-acre site is fully fenced, with a layout suited to contractor operations, outdoor material staging, or fleet and equipment storage. The building was constructed in 2025.

The property is on W Chestnut Street in Springfield, Missouri, along Chestnut Expressway. Nearby businesses include Overhead Door Company, Dairy Farmers of America, Complete Electrical Solutions, and the United States Postal Service. A Lamar billboard on the site transfers with the property at closing.

Key Highlights

• 5,646 SF office/showroom building
• 1.72‑acre fully fenced site
• Includes a Quonset hut and an ancillary structure

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,018

Cap Rate

7.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$840,360 $840.4K

Cap Rate 7%

$600,257 $600.3K

Cap Rate 9%

$466,867 $466.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,646 SF

Gross rent

$62.3K $11.04/SF

− Vacancy

−$2.3K −$0.41/SF

EGI

$60.0K $10.63/SF

− OpEx

−$18.0K −$3.19/SF

NOI

$42.0K $7.44/SF

Area

Springfield, MO

Vacancy

3.70%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$840,360

Cap Rate 7%

$600,257

Cap Rate 9%

$466,867

Alternative Uses

Best Use

Retail

$600.3K

$525.2K – $700.3K (±1% cap)

NOI $42,018 @ 7.0% cap · market cap 7.67%

Second Best

Industrial

$258.7K

$226.4K – $301.8K (±1% cap)

NOI $18,108 @ 7.0% cap · market cap 3.30%

Theoretical Best

Office A

$852.2K

$745.7K – $994.2K (±1% cap)

NOI $59,652 @ 7.0% cap · market cap 10.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Robinson Fence Company General Contractor

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Pet Grooming Service Nail Salon Tanning Salon Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

1,538

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office and showroom space, a Quonset hut, and an ancillary structure sit within a fully enclosed yard.

Where is this flex space located?

The property is located at 906 W Chestnut Street Springfield, MO.

What is the asking price?

The asking price for this property is $548,000.

What are key features of this property?

This property features: 5,646 SF office/showroom building; 1.72‑acre fully fenced site; Includes a Quonset hut and an ancillary structure