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    1770 Sunset St Springfield, MO 65807-5904

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    1770 Sunset St Springfield, MO 65807-5904

    View on Map
    • Banks
    • 20,164 SF
    • 2.64 lot acres
    Off-Market
    Last Sale Oct 2, 2024
    Property ID
    US48-0490382
    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.
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BluCurrent Credit Union / Loan Service / Bank
    • ATM / Atm

    Property Details for 1770 Sunset St

    Year built
    1999
    Lot size
    2.64 lot acres
    Property size
    20,164 SF
    Zone code
    INC
    Property type
    Banks
    APN
    88-18-03-101-123
    APU
    881803101123

    Description

    This exceptional Class A office building, located at 1770 W Sunset St in Springfield, Missouri, presents a remarkable investment opportunity. Boasting 20,095 square feet of space across two stories, this 2008-built property sits on a generous 2.88-acre lot and is zoned for commercial use. Currently vacant, the building offers immediate occupancy for a discerning tenant or investor. Key features include a large parking lot with convenient drive-thru lanes, ensuring ample parking for employees and clients. The property benefits from high visibility and easy access, making it an ideal location for a variety of businesses. Further enhancing its appeal are a backup generator for uninterrupted operations, a pole sign for prominent branding, and a built-in tornado shelter, providing peace of mind. High-speed fiber internet is readily available, and the building is currently furnished, offering a turnkey solution for immediate use. The asking price is $3,500,000, translating to $174.17 per square foot. This prime location in Greene County, Missouri, zip code 65807, offers unparalleled convenience and visibility. Don't miss this chance to acquire a truly exceptional commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,129,000
      Market price range: $702k - $2.29M

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3154
    Latitude
    37.1663
    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
    $65,628
    $195,420
    $834,110
    $1,029,530
    -
    $610,700
    $2,606,600
    $3,217,300

    Comparable in this City

    • Value Estimation
      $615,000
      12,508 SF

      321 Battlefield St

      FINANCIAL BUILDING • 12,508 SF
      321 Battlefield St, Springfield, MO 65807-4906
      View Details
    • Value Estimation
      $575,000
      11,505 SF

      1150 Battlefield St

      FINANCIAL BUILDING • 11,505 SF
      1150 Battlefield St, Springfield, MO 65807-5004
      View Details
    • Value Estimation by Request
      2,912 SF

      3810 Campbell Ave

      FINANCIAL BUILDING • 2,912 SF
      3810 Campbell Ave, Springfield, MO 65807-5340
      View Details
    • Value Estimation by Request
      6,580 SF

      2760 Kansas Expy

      FINANCIAL BUILDING • 6,580 SF
      2760 Kansas Expy, Springfield, MO 65807-6020
      View Details
    • Value Estimation by Request
      1,080 SF

      1615 Sunshine St

      FINANCIAL BUILDING • 1,080 SF
      1615 Sunshine St, Springfield, MO 65807-2233
      View Details
    • Value Estimation by Request
      1,602 SF

      1580 Battlefield St

      FINANCIAL BUILDING • 1,602 SF
      1580 Battlefield St, Springfield, MO 65807-4106
      View Details

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      Retail Space For Sale

      Retail space available for purchase.
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      Versatile Commercial Space on Campbell

      Commercial space in high-traffic retail corridor, suitable for owner-user.
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    Similar Nearby for Lease

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      Retail Space in Republic Plaza

      Retail spaces available in high-traffic Republic Plaza shopping center.
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      Two newly renovated retail spaces available in high-traffic Springfield center.
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      Retail/Office Building Near Campbell

      6,160 SF retail/office building for lease near Campbell and Primrose.
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      Retail Building on Broadway Avenue

      2,400 SF retail building in Springfield, Missouri for lease.
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    • $13 SF/Yr
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      Retail Space For Lease

      Retail spaces available from 1,500 to 3,600 SF.
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      View Details
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    Springfield, MO 65807-5904
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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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