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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1724 Kearney St Springfield, MO 65803-1645

    • Strip malls
    • 6,600 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2022
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1231761
    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

    • Advanced Family Eye Care / Optometrist
    • Advanced Family Eye Care: Cook L D OD / Optometrist
    • Beltone Hearing Aid Center / Hearing Aid Store / Deaf Service
    • Holiday Nails / Nail Salon
    • Jackson Hewitt Tax Service / Tax Consultant / Tax Preparation

    Property Details for 1724 Kearney St

    Year built
    2003
    Lot size
    0.63 lot acres
    Property size
    6,600 SF
    Zone code
    INC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    88-13-10-102-032
    APU
    881310102032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $272,000
      Market price range: $127k - $272k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $205,000
      Current use
      AUTO REPAIR, GARAGE
      $470,000
      Change: +129% Conversion: Difficult
      OFFICE BUILDING
      $370,000
      Change: +79% Conversion: Moderate
      WAREHOUSE, STORAGE
      $175,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3131
    Latitude
    37.2406
    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
    $11,937
    $41,920
    $145,340
    $187,260
    -
    $131,000
    $454,200
    $585,200

    Comparable in this City

    • Value Estimation
      $375,000
      11,200 SF

      1845 Turner St

      SHOPPING CENTER, STRIP CENTER • 11,200 SF
      1845 Turner St, Springfield, MO 65803-4619
      View Details
    • Value Estimation
      $315,000
      1.63 Acres

      2545 Kearney St

      SHOPPING CENTER, STRIP CENTER • 1.63 Acres
      2545 Kearney St, Springfield, MO 65803-2034
      View Details
    • Value Estimation
      $580,000
      37,800 SF

      2705 Kearney St

      SHOPPING CENTER, STRIP CENTER • 37,800 SF
      2705 Kearney St, Springfield, MO 65803-2038
      View Details
    • Value Estimation
      $210,000
      6,000 SF

      604 Kearney St

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      604 Kearney St, Springfield, MO 65803-2508
      View Details
    • Value Estimation
      $265,000
      7,300 SF

      1410 Kearney St

      SHOPPING CENTER, STRIP CENTER • 7,300 SF
      1410 Kearney St, Springfield, MO 65803-4165
      View Details
    • Value Estimation
      $245,000
      9,901 SF

      814 Commercial St

      SHOPPING CENTER, STRIP CENTER • 9,901 SF
      814 Commercial St, Springfield, MO 65803-1730
      View Details

    Similar Nearby for Sale

    • $535,000
      9,880 SF

      Springfield Shopping Center - Prime Location

      9,880 SF Retail Space, Vacant, $535,000
      1075 Commercial St, Springfield, MO 65803
      View Details
    • $2,200,000
      45,206 SF

      Springfield Retail Center Investment

      High-traffic grocery & retail complex
      1137 Commercial St, Springfield, MO 65803
      View Details
    • $1,200,000
      37,800 SF

      Springfield Shopping Center on Kearney

      37,800 sq ft shopping center on 1.87 acres.
      2705 W Kearney St, Springfield, MO 65803
      View Details
    • $89,900
      0.22 Acres

      Springfield Retail Property For Sale

      Retail property with open lot parking in Springfield, Missouri.
      2500 N Grant Ave, Springfield, MO 65803
      View Details
    • $620,000
      6,065 SF

      Prime Springfield Retail Space

      High-traffic retail building, warehouse included.
      1430 Kearney St, Springfield, MO 65803
      View Details
    • $357,500
      0.18 Acres

      Retail Property on Kearney Street

      Turn-key biker wear business with prime commercial location.
      504 W Kearney St, Springfield, MO 65803
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      27,053 SF

      Retail Space Near Walmart

      Retail space with high visibility and ample parking available for lease.
      2725 N Kansas Expy, Springfield, MO 65803
      View Details
    • $15 SF/Yr
      94,007 SF

      Town & Country Retail Center

      Springfield, MO Retail Space Available
      2601 Kansas Expy, Springfield, MO 65803
      View Details
    • $11 SF/Yr
      7,200 SF

      Springfield Retail Strip Center

      High-traffic retail space available
      1802-1816 Kearney St, Springfield, MO 65803
      View Details
    • Contact for pricing
      3,000 SF

      Springfield Retail Pad Site Available

      Retail opportunity with high visibility and traffic counts in Springfield.
      1825 W Kearney St, 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
    • $22 SF/Yr
      1,488 SF

      Retail Space Available For Rent

      Retail space available for lease in Springfield, Missouri.
      1819 S National Ave, Springfield, MO 65803
      View Details
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    1724 Kearney St
    Springfield, MO 65803-1645
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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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