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Property profile & analytics
FOR SALE
Office buildings

1232 E Trafficway St Springfield, MO 65802

6,528 SF 0.25 ac lot Built 1959
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US48-3353011
Property summary
AI-generated overview

This exceptional 6,528-square-foot executive office building is strategically located at 1232 E Trafficway St in Springfield, Missouri, 65802, within close proximity to the downtown area and Springfield's central business district. The property sits on a 0.31-acre lot and is zoned PD 282. Priced at $585,000, this translates to a price per square foot of $89.61. Currently configured primarily as office space, the building boasts a unique feature: a fully functional apartment currently used as a nightly rental, offering additional income potential. A significant asset is the retention of a full bar and lounge area, a legacy from its previous use as Doe's Eat Place restaurant. This amenity provides a distinct entertainment advantage, especially considering its location directly across from the Springfield Cardinals stadium. The building presents a compelling investment opportunity for those seeking a well-located, versatile commercial property with unique income-generating potential in a vibrant urban setting. The property's size, amenities, and location combine to create a strong value proposition for a variety of business uses. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Total area 6,528 SF
Lot 0.25 ac (10,934 SF)
APN 88-12-19-204-005
UPID US48-3353011
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Nations Insurance Agency Insurance Agency
  • Corporate & Legal Reproductions, LLC (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
3bf LLC · 6 yrs held
3bf LLC
since 2019
2 recorded transactions
2019
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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