Class-A Office Condominium
For Sale
$490,000
Ste-300-1531 E Bradford Pkwy, Springfield, MO 65804
Turnkey 3,515 SF office space in Springfield's Bradford Place.
Property Size3,515 SF
Price / SF$139.40
Days on Market207
Property Features for Ste-300-1531 E Bradford Pkwy
General Information
Standard status
Active
Size
3,515 SF
Taxes and HOA fees
Annual Taxes
$6,773
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Donna Cleous · License #1999012026
(417) 823-2300
Source:
Exprealty
Added: Jan 29
Changed: Aug 23
Last Checked: Aug 24 at 1:51PM
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 Murney Associates - Primrose
Investment Insights
Based on property information with market context.
This is an exceptional opportunity to own a combined 3,515 square-foot Class-A office offering in the prestigious Bradford Place Office Condominiums. Units 300 & 330 are being sold together, delivering a turnkey workspace with furniture included. It is ideal for owner-occupants seeking an elevated professional setting or investors pursuing long-term flexibility in a high-demand location. The suites have previously been occupied together and can be easily reconfigured to function as one larger contiguous office. This designed space welcomes clients with a generously sized reception and greeting area that also serves as a showcase/display space or collaborative work area, complemented by an inviting adjacent coffee bar/bistro lounge for staff or client hospitality. The layout is functional for a larger operation, offering multiple private offices, along with versatile workspaces and/or conference rooms to support collaboration, productivity, and team growth. Architectural details elevate the environment throughout, including slate flooring, soaring ceilings with exposed wood beams, distinctive designer lighting, and expansive windows that fill the space with natural light. Located within a fully ADA-compliant, professionally managed Class-A building, the property provides convenient access to the James River Freeway, Springfield's Medical Mile, and established office districts. Vacant and available for immediate occupancy, this premium office opportunity combines style, functionality, and prestige in one of Springfield's most desirable business settings.
Key Highlights
- Combined 3,515 sq ft Class‑A office space in Bradford Place Office Condominiums.
- Turnkey workspace with furniture included, ready for immediate occupancy.
- Suites can function as one contiguous office or be easily reconfigured.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,853
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$557,060
$557.1K
Cap Rate 7%
$397,900
$397.9K
Cap Rate 9%
$309,478
$309.5K
Market Conditions
NOI Build-Up for 3,515 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.8K $11.04/SF
− Vacancy
−$1.7K −$0.47/SF
EGI
$37.1K $10.57/SF
− OpEx
−$9.3K −$2.64/SF
NOI
$27.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$557,060
Cap Rate 7%
$397,900
Cap Rate 9%
$309,478
Alternative Uses
Best Use
Office B
$397.9K
$348.2K – $464.2K
NOI $27,853 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$530.5K
$464.2K – $619.0K
NOI $37,137 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,193
Businesses Nearby
Explore this area
Business Placement
Demographics for 65804, MO
40,064
Population
20,118
Households
2
Avg Household Size
40
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
2,154
Density / Sq Mi
$58,288
Median Household Income
$40,103
Median Earnings
$898
Median Rent
$227,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey 3,515 SF office space in Springfield's Bradford Place.
Where is this office units located?
The property is located at Ste-300-1531 E Bradford Pkwy Springfield, MO.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Combined 3,515 sq ft Class‑A office space in Bradford Place Office Condominiums.; Turnkey workspace with furniture included, ready for immediate occupancy.; Suites can function as one contiguous office or be easily reconfigured.
