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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Turn key restaurants
128 Park Central Sq Springfield, MO 65806-1311
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US48-3370198
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1884
Total area
30,056 SF
Lot
0.24 ac (10,498 SF)
Zoning code
INC
APN
88-13-24-220-022
UPID
US48-3370198
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
-
Park Central Branch Library Public Library Wi-Fi Spot
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$885k
Owner & transaction history
K Lofts LLC · 4 yrs held
K Lofts LLC
since 2021
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$29 / 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
$18,353
Tax year 2023
Assessed value
$279,840
Assessed 2023
Previous assessed
$279,840
+0.0% YoY
Effective rate
6.56%
On assessed value
Assessed land
$23,360
Assessed improvement
$256,480
Land market value
$73,000
Improvement market value
$927,000
Total market value
$1,000,000
Applied tax rate
215.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1884
Heating
NONE
Total area
30,056 SF
Lot
0.24 ac (10,498 SF)
Zoning code
INC
APN
88-13-24-220-022
UPID
US48-3370198
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
1884
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
K Lofts LLC
Entity
Mailing address
2449 E GERMAN IVY, SPRINGFIELD, MO 65804-6743
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
K Lofts LLC
Square Guys LLC
Warranty Deed
$975,000 · Commerce Bank
Apr 24, 2017
—
Square Guys LLC
—
Deed
related
$179,636 · City Of Springfield Missouri
Dec 26, 2006
—
Square Guys LLC
—
Trustees Deed
related
$657,000 · Liberty Bank
Dec 9, 2005
—
Square Guys LLC
—
Trustees Deed
related
$300,000 · Springfield City (oh)
Oct 4, 2005
—
Square Guys LLC
Morris Pcsq LLC
Warranty Deed
$650,000 · Liberty Bank
—
—
Square Guys LLC
—
Deed Of Trust
related
$1,070,000 · Empire Bank
—
—
Square Guys LLC
—
Loan Modification
related
$179,636 · City Of Springfield Missouri
—
—
Square Guys LLC
—
Deed Of Trust
related
$41,000 · Springfield City (oh)
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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