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    Property profile & analytics

    1400 Evergreen St Springfield, MO 65803

    • Commercial real estate
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0579935
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1400 Evergreen St

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate
    APN
    1302213003

    Description

    This exceptional 1-acre commercial and residential land parcel is strategically located in Springfield, Missouri, at 1400 W Evergreen Street, zip code 65803, in Greene County. The property boasts excellent visibility from Interstate-44, experiencing approximately 54,000 vehicles per day. Its convenient access is directly off Evergreen Street, situated at the I-44 and Kansas Expressway (MO-13) interchange. The lot measures approximately 107.25 feet wide by 409.2 feet deep, and is zoned R-SF. This location offers significant advantages due to its proximity to a variety of established businesses, including a newly constructed Take-5 Car Wash, Walmart Supercenter, McDonald's, Lowe's, Kum & Go, Casey's General Store, Hobby Lobby, Walgreens, Staples, Big Lots, Panera Bread, Braum's, IHOP, Five Guys, Golden Corral, and Aspen Dental. Furthermore, this property is situated within an Opportunity Zone. The APN is 1302213003. The asking price for this highly desirable property is $120,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.308197428585
    Latitude
    37.250159943289

    Comparable in this City

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    • $180,000
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      Historic C-Street Redevelopment Opportunity

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      Historic C-Street Multi-Family Opportunity

      Versatile 4,600 sq. ft. multi-family space on Historic C-Street.
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      Springfield Multifamily Investment Opportunity

      Two duplexes generating $2,525 monthly income in Springfield, Missouri.
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    • $425,000
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      Springfield Multifamily Townhomes For Sale

      Two connected townhomes in Springfield, Missouri, available together or separately.
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    • $1,500,000
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      Renovated Multifamily Property in Springfield

      Recently renovated 13-unit apartment building in Springfield, Missouri.
      2420 E Blaine St, Springfield, MO 65803
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    Similar Nearby for Sale

    • $5,221,973
      108.00 Acres

      Prime Springfield Development Land

      108 Acres, I-44 Frontage, PD Zoning
      2325 Norton Rd, Springfield, MO 65803
      View Details
    • $180,000
      15,997 SF

      Historic C-Street Redevelopment Opportunity

      Two adjoining buildings with redevelopment potential in historic Commercial Street.
      434 E Commercial St, Springfield, MO 65803
      View Details
    • $395,000
      4,600 SF

      Historic C-Street Multi-Family Opportunity

      Versatile 4,600 sq. ft. multi-family space on Historic C-Street.
      229 E Commercial St, Springfield, MO 65803
      View Details
    • $250,000
      1,498 SF

      Springfield Multifamily Investment Opportunity

      Two duplexes generating $2,525 monthly income in Springfield, Missouri.
      1056-1071 Commercial St, Springfield, MO 65803
      View Details
    • $499,800
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      Springfield Multifamily Investment Opportunity

      Two 3-bedroom homes built in 2023, great investment opportunity.
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      Springfield Multifamily Investment Property

      Multifamily property in Springfield, Missouri, featuring two-bedroom units.
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    Similar Nearby for Lease

    • Contact for pricing
      37,668 SF

      Springfield Pad Site For Lease

      Pad site with high visibility and easy highway access.
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    • Contact for pricing

      1.34 AC Ground Lease Opportunity

      1.34 AC available for ground lease near I-44.
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    • $8 SF/Yr
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      Long Drive Center: Springfield, MO

      Prime Retail/Office Space, High Traffic Area
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      Prime Springfield Office Space

      Executive Suites, I-44 Visibility
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    • $600 /Mo
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      Office Space Available For Rent

      Office space available for lease in Springfield, MO.
      613-617 W Division St, Springfield, MO 65803
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    • $4 SF/Yr
      17,784 SF

      Office Space Available For Rent

      17784 square feet of office space for rent.
      1616 N Robberson Ave, Springfield, MO 65803
      View Details
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    1400 Evergreen St
    Springfield, MO 65803
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    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
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