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Property profile & analytics
OFF-MARKET
Turn key restaurants
1622 College St Springfield, MO 65806-1614
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US48-0280907
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Total area
860 SF
Lot
0.21 ac (9,365 SF)
Zoning code
INC
APN
88-13-22-111-025
UPID
US48-0280907
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
-
College Street Café Cafe & Coffee Shop
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
Marylou K Meierotto · 7 yrs held
Marylou K Meierotto
since 2019
3 recorded transactions
Zoning & alternative use
INC · Springfield, MO
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
—
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
$2,167
Tax year 2023
Assessed value
$33,990
Assessed 2023
Previous assessed
$33,990
+0.0% YoY
Effective rate
6.38%
On assessed value
Assessed land
$8,740
Assessed improvement
$25,250
Land market value
$27,300
Improvement market value
$78,900
Total market value
$106,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Heating
NONE
Total area
860 SF
Lot
0.21 ac (9,365 SF)
Zoning code
INC
APN
88-13-22-111-025
UPID
US48-0280907
Jurisdiction
GREENE
Zoning & alternative use
INC · Springfield, MOZoning INC · permitted uses
INC · Springfield, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
land development code
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Marylou K Meierotto
Individual
Mailing address
1527 E LIVINGSTON ST, SPRINGFIELD, MO 65803-4366
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2019
—
Marylou K Meierotto
Glaser,brenda S
Warranty Deed
$83,000 · Brenda S & Beverly A Glaser
Oct 1, 2010
—
Arc Kgspfmo007 LLC
Codys Convenience Store 32 L
Grant Deed
related
—
Aug 11, 2010
—
Beverly Bebout
Ard,ronald L & Melissa G
Quit Claim Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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