1500 Sunshine St Springfield, MO 65804
- Office buildings
- 10,800 SF
- 1.23 lot acres
Current Use by Public Records
- Asian Hut / Asian Restaurant
- Community, A Walgreens Pharmacy / Pharmacy
- Community Rx / Pharmacy
- Sunshine Lanes / Bowling Alley
- Divine Nail Lounge and Spa / Nail Salon
Property Details for 1500 Sunshine St
- Year built
- 2016
- Lot size
- 1.23 lot acres
- Property size
- 10,800 SF
- Zone code
- INC
- Property type
- Office buildings
- APN
- 88-12-31-103-012
- APU
- 881231103012
Description
This 1,560 square foot retail space, located in Greene County, is perfect for a single-tenant service business. The property boasts an open floor plan, ideal for flexible layouts and efficient use of space. High traffic counts ensure excellent visibility and potential customer reach. Pylon signage is available, providing prominent branding opportunities for your business. The space benefits from a stable tenant history, indicating a desirable and reliable location. Financial considerations include a pro rata share of building insurance, real estate taxes, and common area maintenance (CAM) charges of $4.00 per square foot. Importantly, water, sewer, and trash services are included in the lease, simplifying operational costs. This turnkey solution offers a fantastic opportunity to establish or expand your service-based retail business in a high-traffic area with excellent visibility and a proven track record. The open floor plan allows for customization to suit your specific business needs, maximizing efficiency and creating a welcoming environment for your customers. The inclusion of utilities further enhances the value proposition, minimizing unexpected expenses and allowing for better budget planning. This property presents a compelling opportunity for a service-oriented retail business seeking a well-located, functional, and cost-effective space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $625,000
- 6.5%
- $615,000
- 7%
- $665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $550,000
- Geo Method
- $610,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $600,000
- Retail
- $710,000
- Mixed-Use
- $690,000
- Hospitality
- $535,000
- Educational
- $635,000
- Residential Income
- $715,000
- Energy
- $675,000
- Income-Based Land
- $580,000
- Food Service
- $705,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2688
- Latitude
- 37.1814
- CBSA code
- 44180
- CBSA name
- SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA