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    Property profile & analytics

    1761 Kentwood Ave Springfield, MO 65804-1320

    • Strip malls
    • 4,292 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Jul 07, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3243167
    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

    • Strip malls

    Property Details for 1761 Kentwood Ave

    Year built
    1965
    Lot size
    0.20 lot acres
    Property size
    4,292 SF
    Zone code
    INC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1230410043
    APU
    1230410043

    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
    -93.265
    Latitude
    37.1823
    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
    $3,682
    $25,950
    $31,810
    $57,760
    -
    $81,100
    $99,400
    $180,500

    Comparable in this City

    • Value Estimation
      $7,580,000
      129,149 SF

      3333 Glenstone Ave

      SHOPPING CENTER, STRIP CENTER • 129,149 SF
      3333 Glenstone Ave, Springfield, MO 65804-4407
      View Details
    • Value Estimation
      $2,260,000
      32,600 SF

      1730 Republic Rd

      SHOPPING CENTER, STRIP CENTER • 32,600 SF
      1730 Republic Rd, Springfield, MO 65804-6549
      View Details
    • Value Estimation by Request
      6,150 SF

      1368 Sunshine St

      SHOPPING CENTER, STRIP CENTER • 6,150 SF
      1368 Sunshine St, Springfield, MO 65804-1160
      View Details
    • Value Estimation
      $640,000
      16,400 SF

      1440 Lark St

      SHOPPING CENTER, STRIP CENTER • 16,400 SF
      1440 Lark St, Springfield, MO 65804-7315
      View Details
    • Value Estimation by Request
      12,360 SF

      3235 Sunshine St

      SHOPPING CENTER, STRIP CENTER • 12,360 SF
      3235 Sunshine St, Springfield, MO 65804-6919
      View Details
    • Value Estimation
      $1,055,000
      14,000 SF

      2800 Battlefield Rd

      SHOPPING CENTER, STRIP CENTER • 14,000 SF
      2800 Battlefield Rd, Springfield, MO 65804-4014
      View Details

    Similar Nearby for Sale

    • $590,000

      Retail Building with Warehouse

      3,303 SF retail space with warehouse for sale.
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    • $850,000
      1,800 SF

      Springfield Retail Investment Opportunity

      High-Yield TitleMax Storefront
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    • $2,690,000
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      3242 Stewart Ave

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    • $650,000
      3,303 SF

      Springfield Retail Space for Sale/Lease

      Prime Springfield storefront, 3,303 sq ft
      1212 Glenstone Ave, Springfield, MO 65804
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    • $2,940,000

      Net Leased Restaurant Investment

      Net leased restaurant investment opportunity near Battlefield Mall.
      3242 S Stewart Ave, Springfield, MO 65804
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    • $850,000

      Glenstone Avenue Retail Investment Property

      Income-producing retail property with long-term tenant in Springfield, Missouri.
      1164 South Glenstone Ave, Springfield, MO 65804
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    Similar Nearby for Lease

    • $17 SF/Yr

      Retail Space in Springfield, MO

      Retail space for lease in high-traffic Springfield location.
      1975 E Independence St, Springfield, MO 65804
      View Details
    • $15 SF/Yr

      Prime Retail Space Available

      High-visibility retail space with ample parking in Springfield, MO.
      1421 S Glenstone Ave, Springfield, MO 65804
      View Details
    • $22 SF/Yr
      23,568 SF

      Sunshine & National Retail Space

      Springfield, MO Strip Center - 1 Space Available
      0 Sunshine And National, Springfield, MO 65804
      View Details
    • $16 SF/Yr
      32,600 SF

      Southgate Shopping Center: Prime Retail Space

      High-traffic retail space; excellent visibility.
      1730 Republic Rd, Springfield, MO 65804
      View Details
    • $25 SF/Yr
      113,000 SF

      Brentwood Center North: Retail Opportunity

      Springfield retail center, high traffic, 5 spaces available.
      2620-2740 Glenstone Ave, Springfield, MO 65804
      View Details
    • Contact for pricing
      14,845 SF

      Retail Space Near Battlefield Mall

      Retail space with strong co-tenancy near Battlefield and Glenstone.
      3333 S Glenstone Ave, Springfield, MO 65804
      View Details
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    1761 Kentwood Ave
    Springfield, MO 65804-1320
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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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