Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1226 Glenstone Ave Springfield, MO 65804-0316
    Back to Search
    Property profile & analytics

    1226 Glenstone Ave, Springfield, MO 65804-0316

    View on Map
    • Automotive properties
    • 27,322 SF
    • 3.12 lot acres
    Off-Market
    Property ID
    US48-0895564
    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
    $1,095,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Byrider Springfield / Car Dealership

    Property Details for 1226 Glenstone Ave

    Year built
    1972
    Lot size
    3.12 lot acres
    Zone code
    INC
    Property type
    Automotive properties
    APN
    88-12-29-204-062
    APU
    881229204062

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 12, 2013 — Moondance LLC Diversity Commercial Invs LLC Warranty Deed $2.8M · Two Rivers Bank & Trust
    Dec 31, 2012 — Diversity Commercial Invs LLC Hathcock L Maxine Trust Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,715,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2616
    Latitude
    37.1919
    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
    $35,939
    $322,880
    $240,900
    $563,780
    -
    $1,009,000
    $752,800
    $1,761,800

    Comparable in this City

    • Value Estimation by Request
      5,669 SF

      1248 Battlefield Rd

      VEHICLE SALES, RENTALS
      1248 Battlefield Rd, Springfield, MO 65804-3602
      View Details
    • Value Estimation
      $500,000
      7,152 SF

      3670 Glenstone Outer Rd

      VEHICLE SALES, RENTALS
      3670 Glenstone Outer Rd, Springfield, MO 65804-3990
      View Details
    • Value Estimation by Request
      11.50 Acres

      1515 Independence St

      VEHICLE SALES, RENTALS
      1515 Independence St, Springfield, MO 65804-3739
      View Details
    • Value Estimation by Request
      1.74 Acres

      1505 Independence St

      VEHICLE SALES, RENTALS
      1505 Independence St, Springfield, MO 65804
      View Details
    • Value Estimation by Request
      2.79 Acres

      3240 Fremont Ave

      VEHICLE SALES, RENTALS
      3240 Fremont Ave, Springfield, MO 65804-4212
      View Details
    • Value Estimation
      $2,940,000
      105,513 SF

      3241 Glenstone Ave

      VEHICLE SALES, RENTALS
      3241 Glenstone Ave, Springfield, MO 65804-4405
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      LEED Certified Office and Retail

      Multi-use destination with office and retail spaces in Springfield, MO.
      2144 E Republic Rd, Springfield, MO 65804
      View Details
    • Contact for pricing
      13,265 SF

      Freestanding Retail Property for Sale

      Freestanding retail property with a long-term tenant.
      2715 E Battlefield St, Springfield, MO 65804
      View Details
    • New
      Contact for pricing
      2.52 Acres

      Retail/Office Suite with Open Layout

      New 2024 suite with an open layout, allocated parking, and shared restrooms, offered on a gross expense structure.
      1726 S Luster Ave, Springfield, MO 65804
      View Details
    • Contact for pricing
      6,470 SF

      Net Leased Restaurant Investment

      Net leased restaurant investment opportunity near Battlefield Mall.
      3242 S Stewart Ave, Springfield, MO 65804
      View Details
    • $2,940,000

      Net Leased Restaurant Investment

      Net leased restaurant investment opportunity near Battlefield Mall.
      3242 S Stewart Ave, Springfield, MO 65804
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      95,890 SF

      Retail Space Near Battlefield Mall

      Retail property with high visibility and ample parking.
      1533 E Battlefield St, Springfield, MO 65804
      View Details
    • $25 SF/Yr

      Upscale Retail Strip Center

      Upscale retail center in Springfield with high visibility and accessibility.
      2620-2740 S Glenstone Ave, Springfield, MO 65804
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space in high-traffic Springfield location near Highway 65.
      1839 E Independence St, Springfield, MO 65804
      View Details
    • $17 SF/Yr

      Retail Space in Springfield, MO

      Retail space for lease in high-traffic Springfield location.
      1975 E Independence St, Springfield, MO 65804
      View Details
    • Contact for pricing

      Retail Space in Springfield, MO

      Retail space for lease, anchored by major retailers.
      2043 E Independence St, Springfield, MO 65804
      View Details
    • Contact for pricing
      1,562 SF

      Retail Space on East Republic

      Retail space available in prime East Republic Road location.
      1602 E Republic Rd, Springfield, MO 65804
      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.
    1226 Glenstone Ave
    Springfield, MO 65804-0316
    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

    Thank You for Inquiry
    1226 Glenstone Ave, Springfield, MO, 65804
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!