Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    614 National Ave Springfield, MO 65802

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    614 National Ave Springfield, MO 65802

    View on Map
    • Retail properties & Spaces
    • 4,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mr. Nice Guy / (Bike/Boat/Book/etc) Store

    Property Details for 614 National Ave

    Property size
    4,200 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional retail space, located at 614 N National Ave, Springfield, MO 65802, offers up to 2,800 contiguous square feet in a multi-tenant building totaling 4,200 square feet. Currently, 2,800 square feet are available, divisible into two 1,400 square foot suites. One suite includes a convenient 12-foot overhead door, perfect for businesses requiring loading or storage capabilities. The property boasts a Highway Commercial zoning designation, making it suitable for a variety of retail and industrial uses. The building is situated in a prime location just south of the intersection of National and Chestnut Expressway in Northeast Springfield, providing excellent visibility and accessibility. This vibrant area is home to numerous businesses, educational institutions (including Ozark Technical Community College, Drury University, and Missouri State University), and recreational facilities (such as Hammons Field and Jordan Valley Ice Park). The lease rate is $10 per square foot per year, NNN. This presents a fantastic opportunity for businesses seeking a well-located, versatile space in a thriving Springfield neighborhood. The property is easily accessible from major roadways, ensuring convenient access for both employees and customers. The available space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2757
    Latitude
    37.2136

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      5524 Mo-266

      Distribution properties • 5,000 SF
      5524 Mo-266, Springfield, MO 65802
      View Details
    • Value Estimation by Request
      18.35 Acres

      279 Eastgate Ave

      DEPARTMENT STORE • 18.35 Acres
      279 Eastgate Ave, Springfield, MO 65802-2881
      View Details
    • Value Estimation by Request

      2949 Chestnut Expy

      Retail properties & Spaces
      2949 Chestnut Expy, Springfield, MO 65802
      View Details
    • Value Estimation by Request
      3,000 SF

      550 West Byp

      Neighborhood centers • 3,000 SF
      550 West Byp, Springfield, MO 65802
      View Details
    • Value Estimation by Request
      9,000 SF

      2728 Chestnut Expy

      Office properties & Spaces • 9,000 SF
      2728 Chestnut Expy, Springfield, MO 65802
      View Details
    • Value Estimation by Request
      12.38 Acres

      280 Eastgate Ave

      DEPARTMENT STORE • 12.38 Acres
      280 Eastgate Ave, Springfield, MO 65802-2881
      View Details

    Similar Nearby for Sale

    • $2,149,000
      2,157 SF

      Prime Springfield Starbucks Investment

      High-traffic location, strong lease, great ROI
      631 S Glenstone Ave, , MO, Springfield, MO 65802
      View Details
    • Contact for pricing
      2,157 SF

      Glenstone Avenue Retail Opportunity

      Retail property with corporate Starbucks lease in Springfield, Missouri.
      631 S Glenstone Ave, Springfield, MO 65802
      View Details
    • $850,000
      3,588 SF

      Freestanding Restaurant/Retail Building Available

      3,588 SF freestanding building suitable for restaurant or retail.
      501 W Chestnut Expy, Springfield, MO 65802
      View Details
    • $550,000
      6,528 SF

      Office with Bar & Rental

      6,582 SF office space with bar and nightly rental.
      1232 E Trafficway St, Springfield, MO 65802
      View Details
    • Contact for pricing
      7,240 SF

      Springfield Industrial Property - 1.29 Acres

      Three Buildings, Ample Space, Prime Location
      2557 Olive St, Springfield, MO 65802
      View Details
    • $100,000
      0.54 Acres

      Commercial Lot on Division Street

      0.54+/- acre commercial lot with heavy manufacturing zoning.
      2320 W Division St, Springfield, MO 65802
      View Details

    Similar Nearby for Lease

    • $3,900 /Mo
      2,808 SF

      Retail/Office Space with Warehouse

      Retail/office suites with warehouse space available for lease.
      1701 E Saint Louis St, Springfield, MO 65802
      View Details
    • $8 SF/Yr
      9,600 SF

      Springfield Warehouse Space Available

      9,600 square foot warehouse space for lease in Springfield.
      1938 E Phelps St, Springfield, MO 65802
      View Details
    • $12 SF/Yr

      Retail Space with High Visibility

      Retail spaces available on East Chestnut Expressway with high traffic.
      2937 East Chestnut Expy, Springfield, MO 65802
      View Details
    • Contact for pricing
      7,038 SF

      Retail Space with Ample Parking

      Versatile retail space with high visibility and ample parking.
      629 S Scenic Ave, Springfield, MO 65802
      View Details
    • Contact for pricing

      Office/Retail Space on Chestnut Expy

      High-traffic office/retail space available for lease on Chestnut Expy.
      601 N National Ave, Springfield, MO 65802
      View Details
    • Contact for pricing

      Glenstone Restaurant/Retail Space Available

      1,420 SF restaurant/retail building for lease on Glenstone.
      914 N Glenstone Ave, Springfield, MO 65802
      View Details
    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.
    614 National Ave
    Springfield, MO 65802
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!