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Property profile & analytics
FOR SALE
Warehouses
1245 E Commercial St Springfield, MO 65803
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US48-0302671
For Sale
1 / 20
$325,000
1245 E Commercial St, Springfield, MO 65803
View Listing →
Property summary
AI-generated overview
This is a 9,290 sq ft industrial warehouse located in Springfield, Missouri, within Greene County. The property occupies a 0.44-acre lot.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
9,290 SF
Lot
0.44 ac (19,166 SF)
Zoning code
INC
APN
88-12-07-316-033
UPID
US48-0302671
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
-
Bill Wolter's Furniture Repair Renovation Specialist Hardware & Home Improvement
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
Ivan Co INC · 3 yrs held
Ivan Co INC
since 2022
5 recorded transactions
Zoning & alternative use
INC · Springfield, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,246
Tax year 2023
Assessed value
$35,240
Assessed 2023
Previous assessed
$35,240
+0.0% YoY
Effective rate
6.37%
On assessed value
Assessed land
$13,380
Assessed improvement
$21,860
Land market value
$41,800
Improvement market value
$68,300
Total market value
$110,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1950
Heating
NONE
Total area
9,290 SF
Lot
0.44 ac (19,166 SF)
Zoning code
INC
APN
88-12-07-316-033
UPID
US48-0302671
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.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Lot
0.44 ac
Current owner
From public records · entity-resolved
Ivan Co INC
Entity
Mailing address
1472 OAK HL CT, NIXA, MO 65714-7976
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
—
Ivan Co INC
—
Deed
related
$208,800 · Southern Bank
Aug 10, 2022
—
Ivan Co INC
Dan Glebovsky LLC
Warranty Deed
$180,000 · Valeriy Girshfeld
Jan 21, 2022
—
Dan Glebovsky LLC
—
Deed
related
$195,420 · O Bannon Banking Co
Jul 23, 2021
—
Dan Glebovsky LLC
Marcelene Wolter
Warranty Deed
$120,000 · Ivan Co
Oct 8, 2009
—
W E Wolter
Morris,kenneth & Sandra S
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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