Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    433 Walnut St Springfield, MO 65806
    Back to Search
    Property profile & analytics

    433 Walnut St, Springfield, MO 65806

    View on Map
    • Office Spaces
    • 21,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Geek Foundation / Charitable Organization / Social Service Agency

    Property Details for 433 Walnut St

    Year built
    1925
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional creative office space, located at 433 W Walnut St in Springfield, Missouri's vibrant downtown, offers a unique blend of historic charm and modern functionality. The property, known as the Diffenderffer building, boasts a total of 21,000 square feet across one two-story building, divided into three suites. Currently, one suite of 7,250 square feet is available for lease. Originally constructed in 1925 and extensively renovated in 2008, the building features a new roof and high-quality finishes, reflecting its previous use as an architectural firm's office. The building's prime location on Walnut Street, in the Downtown submarket, provides excellent visibility and accessibility. The property is zoned Commercial and has a Greene County APN of 881323107011. This is a rare opportunity to secure a well-maintained, historically significant office space in a thriving downtown area. The building's multiple suites offer flexibility for various business needs, and its modern updates ensure a comfortable and productive work environment. The address is easily accessible via Market Ave. This property is ideal for businesses seeking a prestigious and functional office space in the heart of Springfield, Missouri.

    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
    -93.2954
    Latitude
    37.2074

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      212 Mcdaniel St

      Office Units
      212 Mcdaniel St, Springfield, MO 65806
      View Details
    • Value Estimation by Request
      1,656 SF

      324 Park Central

      Office Units
      324 Park Central, Springfield, MO 65806
      View Details
    • Value Estimation by Request

      326 Boonville Ave, Unit 303

      CONDOMINIUM OFFICES
      326 Boonville Ave, Springfield, MO 65806-1204
      View Details
    • Value Estimation by Request
      274 SF

      Ss, Unit 1

      CONDOMINIUM OFFICES
      Ss, Springfield, MO 65806
      View Details
    • Value Estimation by Request
      2,269 SF

      418 College St

      CONDOMINIUM OFFICES
      418 College St, Springfield, MO 65806-1243
      View Details
    • Value Estimation by Request
      0.62 Acres

      609 Walnut St

      CONDOMINIUM OFFICES
      609 Walnut St, Springfield, MO 65806-2045
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,055 SF

      Downtown Springfield Class A Office

      Class A office space in downtown Springfield for sale.
      214 W Phelps St, Springfield, MO 65806
      View Details
    • Contact for pricing
      1,854 SF

      633 W Walnut St, Springfield, MO 65806

      Retail space
      633 W Walnut St, Springfield, MO 65806
      View Details
    • Contact for pricing
      3,220 SF

      Downtown Springfield Office Space

      3,220 SF office space in downtown Springfield.
      509 W Olive St, Springfield, MO 65806
      View Details
    • $1,200,000
      6,743 SF

      Mixed-Use Building in Downtown Springfield

      Retail, office, and multifamily property for sale or lease.
      313 Park Central W, Springfield, MO 65806
      View Details
    • Contact for pricing
      11,474 SF

      Downtown Springfield Mixed-Use Building

      Two-story brick building in downtown Springfield with office and retail.
      220 S Campbell Ave, Springfield, MO 65806
      View Details
    • Contact for pricing

      Versatile Commercial Property Near Route 66

      Light industrial/commercial property with office space and detached garage/shop.
      1646 E Saint Louis St, Springfield, MO 65806
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Downtown Springfield Office/Retail Space

      Two-story office/retail space in historic downtown Springfield.
      313 Park Central W, Springfield, MO 65806
      View Details
    • $13 SF/Yr

      Downtown Springfield First Floor Office

      First floor office space in Springfield CBD for sublease.
      333 S Jefferson Ave, Springfield, MO 65806
      View Details
    • Contact for pricing
      3,000 SF

      Creative Space in Historic Building

      3,000 SF creative space for lease in downtown Springfield.
      600 W College St, Springfield, MO 65806
      View Details
    • Contact for pricing

      Downtown Springfield Office Sublease

      Office space for sublease near Downtown Springfield, Missouri.
      319 N Main St, Springfield, MO 65806
      View Details
    • $6,000 /Mo
      2,614 SF

      Downtown Loft with Commercial Space

      Urban loft with commercial space in vibrant downtown Springfield.
      313 Park Central, Springfield, MO 65806
      View Details
    • Contact for pricing
      600 SF

      Downtown Springfield Office/Retail/Residential Spaces

      Office, retail, and residential spaces for lease in Springfield.
      400 E Walnut St, Springfield, MO 65806
      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.
    433 Walnut St
    Springfield, MO 65806
    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

    Thank You for Inquiry
    433 Walnut St, Springfield, MO, 65806
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!