Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1201 State Highway Mm Springfield, MO 65802

    • Land
    • 37.00 lot acres
    For Sale
    View listing
    $2,090,880
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1201 State Highway Mm

    Lot size
    37.00 lot acres
    Property type
    Land

    Description

    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.

    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
    -93.4237
    Latitude
    37.1951

    Comparable in this City

    • Value Estimation by Request
      11.53 Acres

      3520 Olive St

      Land • 11.53 Acres
      3520 Olive St, Springfield, MO 65802
      View Details
    • Value Estimation by Request
      3.30 Acres

      1112 Chestnut Expy

      Land • 3.30 Acres
      1112 Chestnut Expy, Springfield, MO 65802
      View Details
    • Value Estimation by Request
      26.13 Acres

      587 State Highway B

      Land • 26.13 Acres
      587 State Highway B, Springfield, MO 65802
      View Details
    • Value Estimation by Request
      4.00 Acres

      4301 Division St

      Land • 1,300 SF
      4301 Division St, Springfield, MO 65802
      View Details
    • Value Estimation by Request
      193.00 Acres

      6296 Farm Road 148

      Land • 193.00 Acres
      6296 Farm Road 148, Springfield, MO 65802
      View Details
    • Value Estimation by Request
      7.12 Acres

      4001 Chestnut Expy

      Land • 7.12 Acres
      4001 Chestnut Expy, Springfield, MO 65802
      View Details

    Similar Nearby for Sale

    • $325,000
      4.98 Acres

      Highway 266 Commercial Land

      Springfield, MO commercial lots. Excellent investment opportunity.
      7036 Mo-266, Springfield, MO 65802
      View Details
    • $170,000
      0.59 Acres

      Prime Springfield Commercial Lot

      0.59-acre lot in thriving development
      3412 Chestnut Expy, Springfield, MO 65802
      View Details
    • $395,000
      3.70 Acres

      Springfield Commercial Land - 3.7 Acres

      High-traffic commercial land, ideal for business.
      600 West Byp, Springfield, MO 65802
      View Details
    • $1,950,000
      11.80 Acres

      Springfield Commercial Land - Prime Location

      11.8 acres, C-2 zoned, near Amazon.
      6700 Farm Road 140, Springfield, MO 65802
      View Details
    • $1,426,330
      75.05 Acres

      Prime Greene County Land Investment

      75 Acres, Excellent Location, High ROI Potential
      0 Farm Road 148, Springfield, MO 65802
      View Details
    • $2,010,000
      67.00 Acres

      Springfield Development Land: ±67 Acres

      Prime ±67-acre commercial land, ideal for development. Excellent location & zoning.
      6500 Farm Road 124, Springfield, MO 65802
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      125,888 SF

      Glenstone Ave Commercial Land

      Springfield, MO Retail Land - 1.45 Acres
      600 Glenstone Ave, Springfield, MO 65802
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      High-visibility commercial land for rent in Springfield, Missouri.
      255 S Western Ave, Springfield, MO 65802
      View Details
    • Contact for pricing

      Commercial Land for Lease

      High visibility land with excellent development opportunity near Walmart.
      3542 W Mount Vernon St, Springfield, MO 65802
      View Details
    • Contact for pricing
      1 SF

      Prime Land Near Missouri State

      Commercial land for lease with high visibility and build-to-suit options.
      600 S Glenstone Ave, Springfield, MO 65802
      View Details
    • $7 SF/Yr
      110,000 SF

      Springfield Executive Office Space

      Prime Springfield Office Suites Available
      601 National Ave, 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
    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.
    1201 State Highway Mm
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.