Technical
Financial
Distress signals
Property profile

1425 Washington Ave Springfield, MO 65802

OFF-MARKET
Parking lots & garages
Property ID
US48-0998370
0.38 ac lot
Trust Owned Absentee Owner Free & Clear
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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

Location

1425 Washington Ave Springfield, MO 65802-1937
Springfield metro Census 700 SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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