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    South Springfield Duplex on Corner Title is generated by Realmo AI

    923 925 W Raynell Street, Springfield, MO 65807

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    Pending
    $248,400

    DUPLEX - Other - Springfield, MO

    Property size:
    1,742 SF
    Lot size:
    0.20 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    33
    Last Refresh:
    May 18 at 3:06 pm

    Property Features for 923 925 W Raynell Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Great Room
    Parking features
    Garage, Open
    Window features
    Double Pane Windows
    Interior features
    W/D Hookup, Laminate Counters, Walk-In Closet(s)
    Exterior features
    Rain Gutters
    Appliances
    Dishwasher, Free-Standing Electric Oven
    Standard status
    Pending
    APN
    1802402042
    Size
    1,742 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Pierce-Lairmore Subdiv Lot 8
    Tax Annual Amount
    1425

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    1988
    Floors in Building
    1
    Flooring type
    Wood, Laminate, Carpet
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeanna A Edwards

    Listing agent Jeanna A Edwards

    Listing office RE/MAX House of Brokers MO

    Listing date Apr 16, 2026

    MLS# 60321053 Listing URL

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Corner lot duplex in South Springfield near Battlefield and Campbell.
    • Vacant unit is updated with new appliances and paint, ready for immediate occupancy.
    • Each unit features 2 bedrooms, 2 bathrooms, and a 1‑car garage.
    • One unit is currently rented for $1045/month with a lease through 7/31/26, providing immediate income.
    • Interior features include laminate wood flooring in living and kitchen areas.
    • Property includes essential appliances such as a dishwasher and free‑standing electric oven.

    Overview

    This duplex is located in South Springfield, near Battlefield and Campbell, on a corner lot. One side of the duplex, unit 923, features two bedrooms, two bathrooms, and a one-car garage. This unit is currently rented for $1045 per month with a lease extending through July 31, 2026. The other side, unit 925, also includes two bedrooms, two bathrooms, and a one-car garage, and is currently vacant for showings. The vacant unit has laminate wood flooring in the living room and kitchen areas, with carpet in the bedrooms. It also features updated appliances and paint. The property size is 1742 square feet and the lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.304404
    Latitude
    37.158724

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    FAQs

    What type of property is this?
    Duplex - Duplex near Battlefield and Campbell with garages. One side vacant.
    Where is this duplex located?
    The property is located at 923 925 W Raynell Street Springfield, MO.
    What is the asking price?
    The asking price for this property is $248,400.
    What are key features of this property?
    This property features: Corner lot duplex in South Springfield near Battlefield and Campbell.; Vacant unit is updated with new appliances and paint, ready for immediate occupancy.; Each unit features 2 bedrooms, 2 bathrooms, and a 1‑car garage.
    (417) 818-2000
    We can help!
    Listing Contact
    Jeanna A Edwards
    Learn More
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    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.

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