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    1544 Kearney St Springfield, MO 65803

    • Commercial real estate
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0372804
    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

    • Rancho Court / Housing Complex

    Property Details for 1544 Kearney St

    Lot size
    1.09 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.086-acre commercial land parcel, located at 1544 E Kearney St, Springfield, MO 65803, presents a compelling value-add investment opportunity. Currently boasting 100% occupancy across its 14 units, the property is zoned C2, offering significant potential for future development or expansion. The asking price is $1,200,000. Situated in a thriving area of Springfield, this property enjoys unparalleled convenience with its proximity to major national retailers including Big Shots golf, Applebee's, Aldi, Culver's, and Kum & Go. The strategic location offers easy access to Interstate-44, less than a mile away, ensuring high visibility and accessibility. The current leases expire January 11, 2024, presenting a chance to renegotiate terms and potentially increase rental income. This Class B property is a ground lease-free investment, offering a straightforward ownership structure. The property's strong performance and prime location within a growing area make it an ideal investment for those seeking high returns and long-term appreciation. This is a rare opportunity to acquire a well-established commercial property in a highly desirable location. Don't miss out on this chance to capitalize on the robust Springfield market.

    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
    -93.265984296197
    Latitude
    37.240218100408

    Comparable in this City

    • $8,700,000
      26.58 Acres

      Springfield MO Commercial Land

      26.58 Acres, Prime Location, $8.7M
      2829 Kearney St, Springfield, MO 65803
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    • $195,000
      1.16 Acres

      Land with I-44 Frontage

      1.16 +/- acres with utilities and outbuildings.
      W Norton Rd, Springfield, MO 65803
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    • $725,000
      2.39 Acres

      Commercial Land on Kearney & Kansas

      2.39+/- acres with highway frontage, utilities available.
      1624 W Kearney St, Springfield, MO 65803
      View Details
    • $50,000
      0.83 Acres

      Residential Land in Springfield, MO

      Residential land available in Springfield, Missouri.
      5-6 12, Springfield, MO 65803
      View Details
    • $59,900
      0.40 Acres

      Residential Land in Crown Meadows

      0.40-acre lot in a quiet, desirable Springfield subdivision.
      3468 W Hestand St, Springfield, MO 65803
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    • $412,252
      1.12 Acres

      Springfield Commercial Land For Sale

      1.12 acre commercial land in Springfield, Missouri.
      4810 E Parallel Ln, Springfield, MO 65803
      View Details

    Similar Nearby for Sale

    • $1,750,000
      2.83 Acres

      Kearney, MO Commercial Land

      Prime retail lot, high traffic, ready to build.
      0 Kearney And Kansas, Springfield, MO 65803
      View Details
    • $2,200,000

      34-Acre Land Parcel Available

      34.02 acre land parcel with extensive road frontage.
      S Farm Road 141, Springfield, MO 65803
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    • $600,000

      Prime Land Tract For Sale

      7-acre tract ideal for commercial or residential development.
      3350 Farm Road 123, Springfield, MO 65803
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    • $120,000

      Commercial Land with I-44 Visibility

      Commercial land with high visibility and opportunity zone location.
      1400 W Evergreen St, Springfield, MO 65803
      View Details
    • $450,000
      0.76 Acres

      Commercial Land on Kearney Street

      0.76 acre commercial land with highway frontage in Springfield.
      1624 W Kearney St, Springfield, MO 65803
      View Details
    • Contact for pricing
      Pending

      Buildable Lot with Excellent Access

      Great opportunity for investor or builder in Springfield, Missouri.
      913 E Dale St, Springfield, MO 65803
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,668 SF

      Springfield Pad Site For Lease

      Pad site with high visibility and easy highway access.
      2738 E Kearney St, Springfield, MO 65803
      View Details
    • Contact for pricing

      1.34 AC Ground Lease Opportunity

      1.34 AC available for ground lease near I-44.
      2336 N Kansas Expy, Springfield, MO 65803
      View Details
    • $21 SF/Yr
      29,929 SF

      Prime Springfield Office Space

      Executive Suites, I-44 Visibility
      1801 Norton Rd, Springfield, MO 65803
      View Details
    • $8 SF/Yr
      11,280 SF

      Long Drive Center: Springfield, MO

      Prime Retail/Office Space, High Traffic Area
      1845 Turner St, Springfield, MO 65803
      View Details
    • $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
    • $600 /Mo
      352 SF

      Office Space Available For Rent

      Office space available for lease in Springfield, MO.
      613-617 W Division St, Springfield, MO 65803
      View Details
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    1544 Kearney 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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