Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1816 Division St Springfield, MO 65802-1523
    Back to Search
    Property profile & analytics

    1816 Division St, Springfield, MO 65802-1523

    View on Map
    • Turn key restaurants
    • 1,680 SF
    • 0.35 lot acres
    Off-Market
    Last Sale Oct 26, 2023
    Property ID
    US48-3389187
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1816 Division St

    Year built
    1980
    Lot size
    0.35 lot acres
    Zone code
    INC
    Property type
    Turn key restaurants
    APN
    88-13-15-104-003
    APU
    881315104003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 26, 2023 — G And D Properties Of Missouri LLC Bh Smith LLC Warranty Deed $156k · Legacy Bank & Trust Co
    Feb 18, 2020 — Bh Smith LLC C Lewis Enterprises LLC Warranty Deed $173k · Regent Bank
    Jul 8, 2011 — Rickie E Swearingin Schroeder,victoria Warranty Deed $120k · Victoria Schroeder
    Jun 29, 2011 — Victoria Schroeder Tankersley,scott Warranty Deed · related —
    Jul 6, 2009 — Scott Tankersley Dans Place INC Warranty Deed $180k · Dan's Place INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3147
    Latitude
    37.226
    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
    $2,783
    $12,190
    $31,460
    $43,650
    -
    $38,100
    $98,300
    $136,400

    Comparable in this City

    • Value Estimation by Request
      6,170 SF

      339 Glenstone Ave

      RESTAURANT
      339 Glenstone Ave, Springfield, MO 65802-3172
      View Details
    • Value Estimation by Request
      5,016 SF

      853 Glenstone Ave

      RESTAURANT
      853 Glenstone Ave, Springfield, MO 65802-2119
      View Details
    • Value Estimation by Request
      1,666 SF

      1218 Trfy St

      RESTAURANT
      1218 Trfy St, Springfield, MO 65802-3552
      View Details
    • Value Estimation by Request
      1,367 SF

      2535 Olive St

      RESTAURANT
      2535 Olive St, Springfield, MO 65802-4557
      View Details
    • Value Estimation by Request
      4,976 SF

      765 Glenstone Ave

      RESTAURANT
      765 Glenstone Ave, Springfield, MO 65802-3207
      View Details
    • Value Estimation by Request
      5,312 SF

      625 Glenstone Ave

      RESTAURANT
      625 Glenstone Ave, Springfield, MO 65802-2115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,528 SF

      Office with Bar & Rental

      6,582 SF office space with bar and nightly rental.
      1232 E Trafficway St, Springfield, MO 65802
      View Details
    • Contact for pricing
      3,588 SF

      Freestanding Restaurant/Retail Building Available

      3,588 SF freestanding building suitable for restaurant or retail.
      501 W Chestnut Expy, Springfield, MO 65802
      View Details
    • Contact for pricing
      2,157 SF

      Glenstone Avenue Retail Opportunity

      Retail property with corporate Starbucks lease in Springfield, Missouri.
      631 S Glenstone Ave, Springfield, MO 65802
      View Details
    • $22,500,000

      Four-Story Office Building For Sale

      162,312 SF office building with many amenities.
      3253 E Chestnut Expy, Springfield, MO 65802
      View Details
    • Contact for pricing
      3.16 Acres

      Commercial Property in Active Corridor

      Visible and accessible commercial property in a high-traffic Springfield location.
      3340 E Cherry St, Springfield, MO 65802
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Glenstone Restaurant/Retail Space Available

      1,420 SF restaurant/retail building for lease on Glenstone.
      914 N Glenstone Ave, Springfield, MO 65802
      View Details
    • Contact for pricing
      7,038 SF

      Retail Space with Ample Parking

      Versatile retail space with high visibility and ample parking.
      629 S Scenic Ave, Springfield, MO 65802
      View Details
    • $12 SF/Yr

      Retail Space with High Visibility

      Retail spaces available on East Chestnut Expressway with high traffic.
      2937 East Chestnut Expy, Springfield, MO 65802
      View Details
    • Contact for pricing
      2,808 SF

      Retail/Office Space with Warehouse

      Retail/office suites with warehouse space available for lease.
      1701 E Saint Louis St, Springfield, MO 65802
      View Details
    • Contact for pricing

      Office/Retail Space on Chestnut Expy

      High-traffic office/retail space available for lease on Chestnut Expy.
      601 N National Ave, Springfield, MO 65802
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1816 Division St
    Springfield, MO 65802-1523
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1816 Division St, Springfield, MO, 65802
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!