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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Medical Office Space
1244 Lark St Springfield, MO 65804-7357
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US48-3313850
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
13,774 SF
Lot
0.99 ac (42,994 SF)
Zoning code
INC
APN
88-19-18-201-057
UPID
US48-3313850
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
-
Buzbee Dental Dental Office
-
Dr. Gary L. Buzbee, DDS Dental Office
-
Dr. Tyler G. Buzbee, DDS Dental Office
-
Dr. Todd Buzbee Dental Office
-
Yelena's Spa Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.10M
Owner & transaction history
Buzbee Brothers Props LLC · 18 yrs held
Buzbee Brothers Props LLC
since 2007
6 recorded transactions
Zoning & alternative use
INC · Springfield, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+26.4%
Office building
$1.3M
+23.0%
Retail stores
$1.3M
+18.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,065,000
Current use
RESTAURANT
$1,345,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$1,310,000
Change: +23% · Conversion: Easy
RETAIL STORES
$1,260,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: -13% · Conversion: Easy
AUTO REPAIR, GARAGE
$865,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$80 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,085
Tax year 2023
Assessed value
$581,760
Assessed 2023
Previous assessed
$581,760
+0.0% YoY
Effective rate
6.37%
On assessed value
Assessed land
$85,380
Assessed improvement
$496,380
Land market value
$266,800
Improvement market value
$1,551,200
Total market value
$1,818,000
Applied tax rate
105.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Heating
NONE
Total area
13,774 SF
Lot
0.99 ac (42,994 SF)
Zoning code
INC
APN
88-19-18-201-057
UPID
US48-3313850
Jurisdiction
GREENE
Zoning & alternative use
INC · Springfield, MO
Zoning INC · permitted uses
INC · Springfield, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$865,000
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
0.99 ac
Current owner
From public records · entity-resolved
Buzbee Brothers Props LLC
Entity
Mailing address
1244 E LARK ST, SPRINGFIELD, MO 65804-7357
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2007
—
Buzbee Brothers Props LLC
St Johns Regional Health Ctr
Grant Deed
$2,110,409 · Metropolitan National Bank
Jun 17, 2005
—
Buzbee Brothers Properties LLC
St Johns Health System INC
Warranty Deed
—
Dec 13, 2004
—
St Johns Regional Health Ctr
—
Trustees Deed
related
$1,400,000 · Empire Bank
—
—
Buzbee Brothers Properties Ll
—
Deed Of Trust
related
$142,026 · Metropolitan National Bank
—
—
Buzbee Brothers Properties LLC
—
Deed Of Trust
related
$2,000,000 · Empire Bank
—
—
Buzbee Brothers Properties Ll
—
Loan Modification
related
$2,091,000 · Old Mo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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