Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Space in Springfield Title is generated by Realmo AI

    615 S Scenic Ave, Springfield, MO 65802

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Versatile commercial property with ample parking and high visibility.

    Type:Retail
    Added:
    Jan 9, 2021
    Days on Market:
    1968
    Last Refresh:
    May 12 at 9:41 pm

    Property Features for 615 S Scenic Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 615 S Scenic Ave Contact us

    We can help!

    Listing Contact
    Shawn Krisher

    Listing agent Shawn Krisher License #FLBO

    Listing office Legacy Commercial Properties

    Listing date Jan 9, 2021

    Source Crexi

    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 Legacy Commercial Properties

    HighLights

    • Prominent location with high visibility in a dynamic commercial district.
    • Versatile layout suitable for retail or free‑standing building tenants.
    • Ample parking for customers and employees.
    • Abundant natural light through large windows.
    • Proximity to Battlefield Mall, Wonders of Wildlife, and other attractions.
    • Contemporary design and well‑maintained exterior projecting a professional image.

    Overview

    Located at 615 S. Scenic Ave in Springfield, this commercial property offers a versatile layout with abundant natural light from large windows and ample parking for customers and employees. Its contemporary design and prominent location make it suitable for retail or free-standing building tenants. The interior provides ample room for various business needs, while the well-maintained exterior projects a professional image. The property is situated in a bustling retail and dining scene, near Battlefield Mall, which offers a diverse mix of retailers and eateries. The Wonders of Wildlife National Museum & Aquarium is also nearby. The area provides convenient access to professional services, including banks, grocery stores, and fitness centers, catering to local residents and tourists. This location offers an opportunity for retail and free-standing building tenants to tap into Springfield's vibrant market.
    Location Intelligence

    Current Use by Public Records

    Little Caesars Pizza Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3312521
    Latitude
    37.204363

    Nearby Similar for Lease

    • $12 SF/Yr
      1,225 SF

      Springfield Office Suite For Rent

      Professional office suite in Chesterfield Village, Springfield, MO.
      2101 W Chesterfield Boulevard, Springfield, MO 65807
      View Details
    • $12 SF/Yr
      2,200 SF

      Storefront Space in Parkcrest Center

      2,200 SF retail space in established Springfield shopping center.
      3833 S Campbell Avenue, Springfield, MO 65807
      View Details
    • $3,000/Mo
      5,000 SF

      Retail Space on South Glenstone

      High-visibility retail space in a busy Springfield commercial corridor.
      1327 S Glenstone Avenue, Springfield, MO 65804
      View Details
    • $1,500/Mo
      1,600 SF

      Glenstone Avenue Retail Space

      Commercial space on a primary retail corridor in Springfield, MO.
      1305 S Glenstone Avenue, Springfield, MO 65804
      View Details
    • $2,500/Mo
      2,278 SF

      Updated Office Building For Lease

      Updated office building in central Springfield location, ideal for businesses.
      1759 E Elm Street, Springfield, MO 65802
      View Details
    • $85,322 SF/Yr
      4,612 SF

      Medical/Office Suite on Sunshine Street

      4,612 SF medical/office suite on East Sunshine, Springfield, MO.
      2734 E Sunshine Street, Springfield, MO 65804
      View Details
    • $11 SF/Yr
      1,200 SF

      Retail Space Near High-Traffic Intersection

      Retail space in a desirable, high-traffic Springfield location.
      1300 E Sunshine Street, Springfield, MO 65804
      View Details
    • $54,000 SF/Yr
      3,000 SF

      High-Visibility Commercial Space Available

      Flexible commercial space on South Campbell Avenue, ideal for various businesses.
      3202 S Campbell Avenue, Springfield, MO 65807
      View Details
    • $2,050/Mo
      1,230 SF

      Downtown Springfield Office/Retail Spaces

      Office and retail spaces for lease in downtown Springfield, MO.
      400 E Walnut Street, Springfield, MO 65806
      View Details
    • $7 SF/Yr
      6,000 SF

      Versatile Commercial Space with Office

      6,000 SF commercial space with warehouse and office.
      1960 E Blaine Street, Springfield, MO 65803
      View Details
    • $14 SF/Yr
      5,296 SF

      Springfield Office Space For Lease

      Class A office space available for lease in Springfield.
      909 E Republic Road, Springfield, MO 65807
      View Details
    • $1,800/Mo

      Downtown Springfield Retail & Office

      Remodeled retail and office space in downtown Springfield.
      324 Park Central W, Springfield, MO 65806
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial property with ample parking and high visibility.
    Where is this retail space located?
    The property is located at 615 S Scenic Ave Springfield, MO.
    What are key features of this property?
    This property features: Prominent location with high visibility in a dynamic commercial district.; Versatile layout suitable for retail or free‑standing building tenants.; Ample parking for customers and employees.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Shawn Krisher
    Real Estate License ID: FLBO
    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
    615 S Scenic Ave, Springfield, MO 65802
    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!