801 Glenstone AveSpringfield, MO 65802

Property Details for 801 Glenstone Ave

Year built

1978

Lot size

0.61 AC

Property size (Sq ft)

10,028 SF

Zone code

INC

Property type

Office properties

Property subtype

Office buildings

APN

88-12-19-427-023

APU

881219427023

Description

This exceptional Springfield, Missouri commercial property, located at 801 S Glenstone Ave, offers a unique blend of office and warehouse space, ideal for a variety of businesses. The 10,028 square foot building sits on a 0.61-acre lot and is zoned Highway Commercial, providing excellent visibility and accessibility. Constructed in 1978, the property features a spacious main level encompassing 8,828 square feet of retail or office space, perfectly suited for a variety of uses. A second-floor office area adds an additional 1,200 square feet, providing ample room for administrative functions or private offices. The property is available for sale at $1,000,000 or for lease under a modified lease agreement. The 2023 property taxes were $13,509.69. Its prime location near the intersection of South Glenstone and Grand avenues ensures high traffic volume and easy access for customers and employees. This versatile property presents a compelling investment opportunity for businesses seeking a combination of office and warehouse space in a high-traffic area of Springfield, Missouri. The single-unit building offers significant potential for growth and profitability. Serious inquiries are encouraged to explore this exceptional commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,965,099

  6.5%

  $1,813,938

  7%

  $1,684,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $717,303

  Geo Method

  $717,303

• Alternative Use

  Use

  Valuation

  Residential

  $2,249,283

  Hospitality

  $2,060,331

  Educational

  $1,714,171

  Medical

  $1,773,124

  Retail

  $2,666,489

Location Insight

City

Springfield

County

Greene

State

Missouri

Latitude

37.1998

Longitude

-93.2626

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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