Freestanding Medical Office
909 E Republic Rd, Springfield, MO 65807
For Sale
New
Contact for pricing
A recently renovated office condominium offers a freestanding setting within Springfield’s Medical Mile.
Property Size11,220 SF
Price / SF$230.84
Days on Market6
Property Features for 909 E Republic Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Condition
HOA Fee
Property Use
Listing Agency:
R.B. Murray Company
Listed By:
Ross Murray
(417) 881-0600
Source:
Moodyscre
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 8:40AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11,220-square-foot freestanding office building is part of the Twin Oaks Office Condo development. Recent updates and remodeling have refreshed the property, which is offered for sale as an office condominium.
The building is located in Springfield’s Medical Mile, with access to James River Freeway. Property showings are available by appointment.
The building is located in Springfield’s Medical Mile, with access to James River Freeway. Property showings are available by appointment.
Key Highlights
- 11,220‑square‑foot freestanding office building
- Recently updated and remodeled
- Part of the Twin Oaks Office Condo development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,907
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,778,140
$1.8M
Cap Rate 7%
$1,270,100
$1.3M
Cap Rate 9%
$987,856
$987.9K
Market Conditions
NOI Build-Up for 11,220 SF
Gross rent
$123.9K $11.04/SF
− Vacancy
−$5.3K −$0.47/SF
EGI
$118.5K $10.57/SF
− OpEx
−$29.6K −$2.64/SF
NOI
$88.9K $7.92/SF
Area
Springfield, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,778,140
Cap Rate 7%
$1,270,100
Cap Rate 9%
$987,856
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,907 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,542 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,083
Businesses Nearby
Explore this area
Business Placement
Demographics for 65807, MO
55,168
Population
28,546
Households
1.9
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
2,627
Density / Sq Mi
$50,271
Median Household Income
$33,510
Median Earnings
$994
Median Rent
$174,000
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Springfield, MO
Properties on Market for Office buildings in Springfield
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A recently renovated office condominium offers a freestanding setting within Springfield’s Medical Mile.
Where is this office building located?
The property is located at 909 E Republic Rd Springfield, MO.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: 11,220‑square‑foot freestanding office building; Recently updated and remodeled; Part of the Twin Oaks Office Condo development
