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    1037 S Grant Ave Springfield, MO 65802
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    1037 S Grant Ave Springfield, MO 65802

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    • Medical Office Space
    • 3,498 SF
    • 0.38 lot acres
    For Sale
    $763,850
    View Listing →
    Veterinary Clinic Investment Opportunity For Sale
    $763,850
    0.38 Acres

    Veterinary Clinic Investment Opportunity

    Triple net lease investment opportunity in Springfield, Missouri.

    1037 S Grant, Springfield, MO
    View Listing
    Property ID
    US48-0553674
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rund D J DVM / Veterinary Clinic
    • Firl Vanessa DVM / Veterinary Clinic

    Property Details for 1037 S Grant Ave

    Year built
    1972
    Lot size
    0.38 lot acres
    Property size
    3,498 SF
    Zone code
    INC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    88-13-26-102-016
    APU
    881326102016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2995
    Latitude
    37.1958
    CBSA code
    44180
    CBSA name
    SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,132
    $30,690
    $49,820
    $80,510
    -
    $95,900
    $155,700
    $251,600

    Comparable in this City

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      1661 Elfindale St

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      1,686 SF

      700 Republic Rd

      MEDICAL BUILDING • 1,686 SF
      700 Republic Rd, Springfield, MO 65807-5819
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      1,649 SF

      1634 Campbell Ave

      MEDICAL BUILDING • 1,649 SF
      1634 Campbell Ave, Springfield, MO 65807-2002
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    • Value Estimation by Request
      2.41 Acres

      2215 Republic Rd

      MEDICAL BUILDING • 2.41 Acres
      2215 Republic Rd, Springfield, MO 65807-5705
      View Details
    • Value Estimation by Request
      3,487 SF

      311 Sunshine St

      MEDICAL BUILDING • 3,487 SF
      311 Sunshine St, Springfield, MO 65807-2640
      View Details

    Similar Nearby for Sale

    • $325,000
      2,500 SF

      Office/Retail Space on Sunshine Corridor

      2,500+/- sq ft office/retail space on high-traffic Sunshine corridor.
      1332 W Sunshine St, Springfield, MO 65807
      View Details
    • $600,000
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      Professional Office in Chesterfield Village

      Well-maintained office building in established Springfield business corridor.
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    • $850,000
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      Veterinary Clinic Investment Opportunity

      Long-term leased veterinary clinic in Springfield, Missouri.
      1630 W Elfindale St, Springfield, MO 65807
      View Details
    • $4,417,800
      23,880 SF

      Springfield Office Building for Sale

      Office building in Springfield, Missouri, available for purchase.
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    • $500,000
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      Office/Retail Space in Springfield

      2,010 SF office/retail space available for sale or lease.
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    • Contact for pricing
      47,500 SF

      Retail/Office Complex on 5.66 Acres

      47,500 SF retail/office complex across from Hy-Vee.
      3003-3047 S Kansas Expy, Springfield, MO 65807
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Retail and Office Spaces

      Newly renovated retail and office spaces available for lease.
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    • Contact for pricing

      Medical Mile Commercial Space

      Southeast Springfield location on Medical Mile near Cox Medical Center.
      3302 S National Ave, Springfield, MO 65807
      View Details
    • $17 SF/Yr
      2,945 SF

      Office Building Near Walnut Lawn

      2,945 SF office building for lease near Walnut Lawn.
      216 E Walnut Lawn St, Springfield, MO 65807
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    • $15 SF/Yr
      6,160 SF

      Retail/Office Building Near Campbell

      6,160 SF retail/office building for lease near Campbell and Primrose.
      225 E Primrose St, Springfield, MO 65807
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    • $19 SF/Yr

      Class A Office Space Available

      Class A office spaces for lease in Springfield Medical Mile.
      3100 South National Ave, Springfield, MO 65807
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    • $12 SF/Yr
      1,307 SF

      Springfield Office Suite For Rent

      Professional office suite in Chesterfield Village, Springfield, MO.
      2101 W Chesterfield Blvd, Springfield, MO 65807
      View Details
    View Listing
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    Springfield, MO 65802
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    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
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