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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Retail space
1500 College St Springfield, MO 65806-1612
Entity Owned
10-yr Hold
Free & Clear
Property ID
US48-0990584
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
30,448 SF
Lot
1.21 ac (52,708 SF)
Zoning code
INC
APN
88-13-23-212-008
UPID
US48-0990584
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
-
The Gun Engraver Department Store
-
Cherokee Firearms Shooting Range Gun Shop
-
Newman Enterprises, LLC Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
Newman Ents LLC · 10 yrs held
Newman Ents LLC
since 2015
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$37 / 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
$3,189
Tax year 2023
Assessed value
$50,020
Assessed 2023
Previous assessed
$50,020
+0.0% YoY
Effective rate
6.38%
On assessed value
Assessed land
$21,060
Assessed improvement
$28,960
Land market value
$65,800
Improvement market value
$90,500
Total market value
$156,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Heating
NONE
Total area
30,448 SF
Lot
1.21 ac (52,708 SF)
Zoning code
INC
APN
88-13-23-212-008
UPID
US48-0990584
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
2017
Heating
NONE
Lot
1.21 ac
Current owner
From public records · entity-resolved
Newman Ents LLC
Entity
Free & Clear · 10 yrs held
Mailing address
5229 W FARM RD 94, SPRINGFIELD, MO 65803-8775
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
—
Newman Enterprises LLC
—
Deed
related
$1,572,000 · The Bank Of Missouri
Jul 31, 2017
—
Newman Entse LLC
—
Deed
related
—
Jun 15, 2017
—
Newman Ents
—
Deed
related
$1,808,000 · Bank Of Mo
Oct 22, 2015
—
Newman Ents LLC
Hawkins,james A & Pauline F
Warranty Deed
related
—
—
—
Newman Ents LLC
—
Deed Of Trust
related
$1,583,000 · Bank Of Mo
—
—
Newman Ents
—
Loan Modification
related
$1,808,000 · Bank Of Mo
—
—
Newman Entse LLC
—
Loan Modification
related
—
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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