Property profile

429 Walnut St Springfield, MO 65806

OFF-MARKET
Office Spaces
21,000 SF 0.18 ac lot Built 1925
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional three-story, 21,000-square-foot mixed-use building, constructed in 1925 and renovated in 2008, presents a compelling investment opportunity in the heart of Springfield, Missouri. Located on a prominent 0.18-acre corner lot at 429 W Walnut St, the property boasts excellent visibility at the intersection of Walnut Street and Market Avenue. Currently housing six tenants in a multi-tenant configuration, the building offers a blend of executive office spaces and residential lofts, creating a diversified income stream. The property features a modern updated interior, a brand-new roof with a warranty, and a sprinkler system. The building is classified as Class B and is currently stabilized, with one office space currently vacant. The permitted zoning is commercial, making it suitable for a variety of uses. This stabilized investment property offers a rare chance to acquire a well-maintained, historic building with significant upside potential in a thriving downtown location. The APN is 881323107011. The asking price is $1,750,000.

Property profile

Verified
Property type Office Spaces
Year built 1925
Total area 21,000 SF
Lot 0.18 ac (7,841 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Business Management Consultant

Location

429 Walnut St Springfield, MO 65806
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 429 Walnut St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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