1192 State Highway Mm, Springfield, MO 65802
This exceptional 4-acre industrial land parcel presents a unique investment opportunity in Springfield, Missouri. Located at 1192 S State Hwy MM, this property boasts unparalleled access to major transportation arteries, including Interstate 44 and the James River Freeway. Its strategic location places it in close proximity to significant recent developments, such as the new Amazon Distribution Center and the Convoy of Hope World Headquarters, underscoring the area's robust economic growth. Recently rezoned M2 – Heavy Manufacturing by the City of Republic, this site is primed for immediate development. While a 1,408 square foot house is situated on the property, the sale focuses on the land's value, offering significant potential for industrial construction. The area is experiencing substantial investment, including a $12.5 million investment in widening Highway MM and a $35 million realignment project, further enhancing accessibility and future growth prospects. The city's commitment to infrastructure improvements, including a $100 million investment in water and wastewater systems, ensures the capacity to support substantial future development. This property represents a rare chance to capitalize on the burgeoning industrial sector in a rapidly expanding region. The zip code is 65802, and the property is situated in Greene County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.