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    1164 Glenstone Ave Springfield, MO 65804

    For Sale
    $850,000

    High-Yield TitleMax Storefront

    Property size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 1,800 square foot, single-tenant storefront located at 1164 S Glenstone Ave, Springfield, MO 65804. The property boasts a strong 7.06% cap rate and a Net Net Net (NNN) lease with TitleMax, a long-term tenant since 2010, whose lease was recently renewed on July 1, 2023. The asking price is $850,000, translating to a price per square foot of $472.22. Situated on a high-traffic corridor with over 20,000 vehicles per day, the property offers excellent visibility and approximately 120 feet of frontage on S. Glenstone Avenue, near the intersection with E. Meadowmere Street. The property benefits from its location near numerous national and local businesses, including ByRider, Mister Car Wash, Subway, Walmart, and Dollar Tree, ensuring a strong and stable tenant base in a thriving commercial area. The property generates a Net Operating Income (NOI) of $60,000, making it an attractive investment for those seeking a stabilized, income-producing asset with a proven track record. This is a 100% occupied, stabilized investment property offering a secure and lucrative return. Further details are available upon request and execution of a Non-Disclosure Agreement.

    Property Features for 1164 Glenstone Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,800 SF

    HighLights

    • Asking Price: $850,000
    • Cap Rate: 7.06%
    • Lease Renewed: July 1, 2023
    • 120+/- Feet of Frontage
    • Located at the Intersection of S. Glenstone and Meadowmere
    • Springfield, MO Market
    Property Profile Location Intelligence

    Current Use by Public Records

    TitleMax Title Loans Loan Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2616467
    Latitude
    37.1927077

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield TitleMax Storefront
    Where is this individual retail property located?
    The property is located at 1164 Glenstone Ave Springfield, MO.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Asking Price: $850,000; Cap Rate: 7.06%; Lease Renewed: July 1, 2023
    Request Owner's contact information
    1164 Glenstone Ave Springfield, MO 65804
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    Springfield, MO 65804
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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
    1164 Glenstone Ave Springfield, MO 65804
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