1201 State Highway Mm, Springfield, MO 65802
This exceptional 37-acre commercial land parcel presents a unique investment opportunity in Republic, Missouri. Strategically located on State Highway MM between Interstate 44 and Highway 60, this property boasts M-2 Heavy Manufacturing zoning, ideal for a wide range of industrial uses. The asking price is $2,090,880, translating to a land value of $3.50 per square foot. The site benefits from its proximity to major transportation arteries, ensuring excellent accessibility for logistics and distribution. Furthermore, its location near a new, large Amazon distribution facility and the future headquarters for Convoy of Hope positions it to capitalize on significant economic growth and the influx of over 2,000 new jobs in the immediate area. The city of Republic has expressed interest in annexation and potential rezoning for commercial development, further enhancing the property's long-term potential. Sewer access is included in the current pricing. This property is available for sale as a whole. This is a rare opportunity to acquire a substantial tract of land in a rapidly developing area with strong potential for significant return on investment.
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.
Costs & Benchmarks
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.