Property profile

1624 W Kearney St Springfield, MO 65803

FOR SALE
Automotive properties
Property ID
US48-0700444
0.84 ac lot
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.39-acre commercial land parcel presents a remarkable investment opportunity in Springfield, Missouri. Located at 1624 West Kearney Street, this property boasts prime highway frontage at the corner of Kearney Street and Kansas Expressway, ensuring high visibility and accessibility. All utilities are readily available on-site, simplifying development plans. The strategic location offers significant advantages, situated directly across from a recently constructed car wash, a Walgreens, and a Hobby Lobby, indicating a thriving commercial area with high traffic volume. The asking price is $900,000, translating to approximately $418,410.04 per acre. The property's APN is 881310101035. While existing structures and homes are present on the property, their value is considered negligible for the purpose of this sale. This location is ideal for a variety of commercial developments, capitalizing on the high traffic count and established commercial presence in the immediate vicinity. The property is situated in Greene County, Missouri, with a Springfield zip code of 65803. This is a rare opportunity to acquire a significant commercial land parcel in a high-demand location. Don't miss this chance to secure a prime piece of Springfield real estate.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Lot 0.84 ac (36,808 SF)
APN 88-13-10-101-035
UPID US48-0700444

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Dealership

Location

1624 W Kearney St Springfield, MO 65803
Springfield metro Census 3300 SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2020
1 recorded transaction
2020
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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