1515 W Division St Springfield, MO 65802
Property Lookup
Property profile & analytics
1515 W Division St Springfield, MO 65802
- Warehouses
- 71,599 SF
- 2.64 lot acres
Property ID
US48-0607328
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.
Location Intelligence
Current Use by Public Records
- Home Outlet / Building Supply / Hardware & Home Improvement
Property Details for 1515 W Division St
- Year built
- 1997
- Lot size
- 2.64 lot acres
- Property size
- 71,599 SF
- Zone code
- INC
- Property type
- Warehouses
- APN
- 88-13-11-326-003
- APU
- 881311326003
Description
This exceptional 71,599-square-foot industrial property in Springfield, Missouri, presents a compelling investment or owner-user opportunity. Located at 1515 W Division St, in Greene County, this property boasts a prime location at the northeast corner of Division Street and N Kansas Expressway, benefiting from over 39,000 vehicles per day in combined traffic. The building, constructed in 1997 and zoned for Heavy Manufacturing, comprises two units totaling 71,599 square feet, situated on a 2.6-acre lot. Approximately 35,500 square feet are currently leased to a credit-rated tenant under a new 10-year NNN lease commencing November 10, 2023, resulting in a 50% occupancy rate. The remaining 35,500 square feet offers significant value-add potential for an owner-occupier or investor. The asking price is $2,775,000, translating to $38.76 per square foot and a $1,387,500 price per unit. The property's strong tenant base and strategic location contribute to a Net Operating Income (NOI) of $152,278 and a 5.49% cap rate. Nearby businesses include O'Reilly Auto Parts, City Utilities, Paul Mueller Company, and more. This property is ideal for businesses seeking expansion or investors targeting a strong return on investment in a thriving market. The property is shown by appointment only.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $770,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,238,000
Market price range: $1.24M - $2.99M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.3109
- Latitude
- 37.2269
- CBSA code
- 44180
- CBSA name
- SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,352
$75,580
$212,320
$287,900
-
$236,200
$663,500
$899,700
