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Property profile & analytics
OFF-MARKET
Parking lots & garages

1425 Washington Ave Springfield, MO 65802-1937

0.38 ac lot
Trust Owned Absentee Owner Free & Clear
Property ID
US48-0998370
Property summary
AI-generated overview

This unique 750-square-foot commercial space, located in the historic former Boyd Elementary School, presents a remarkable opportunity for a variety of businesses. Part of a larger redevelopment project, this property offers a blend of historical charm and modern convenience. The space is currently vacant and available for immediate occupancy. The adaptable layout is suitable for a range of uses, including traditional office space, coworking, fitness studios, retail, or yoga studios. The building features a single suite, with no possibility of dividing the space further. The redevelopment plan includes the conversion of the existing school building into 17 multi-family loft-style apartments, creating a vibrant mixed-use community. This will provide a built-in customer base and increased foot traffic for the commercial tenants. The property benefits from convenient on-site parking and excellent walkability, situated just one block from Drury University and within walking distance of historic Commercial Street and Downtown Springfield. Its proximity to numerous district amenities and its location adjacent to the future Kingdom Coffee shop make this an ideal location for a neighborhood-focused business seeking high visibility and strong community engagement. The space is perfect for local businesses looking to establish a presence in a thriving and rapidly developing area.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Lot 0.38 ac (16,335 SF)
APN 88-13-13-202-017
UPID US48-0998370
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
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
Herman F Hall Map Trust
Herman F Hall Map Trust
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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