Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1820 Springfield Ave Bolivar, MO 65613-2563

    Property Lookup

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

    1820 Springfield Ave Bolivar, MO 65613-2563

    View on Map
    • Warehouses
    • 13,628 SF
    • 1.68 lot acres
    Off-Market
    Property ID
    US48-2907831
    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

    • Walgreens Pharmacy / Pharmacy
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Walgreens / Pharmacy
    • FedEx OnSite / Postal Service / Courier Service
    • LibertyX Bitcoin ATM / Atm

    Property Details for 1820 Springfield Ave

    Year built
    2008
    Lot size
    1.68 lot acres
    Property size
    13,628 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    89-11-0.6-13-000-000-006.01
    APU
    8911061300000000601

    Description

    This exceptional investment opportunity presents a fee-simple, absolute NNN leased Walgreens pharmacy in Bolivar, Missouri. The property boasts a substantial 14,422 square foot building on a 1.68-acre lot, constructed in 2008. The current lease, with a corporate guarantee from Walgreens, commenced March 14, 2014, and extends to June 30, 2038, offering a remaining term of 13.6 years, plus ten (10) five (5) year renewal options. The property enjoys 100% occupancy and generates a strong net operating income (NOI) of $297,912, resulting in a compelling 6.75% cap rate. This high-performing location is strategically situated near Southwest Baptist University, a Walmart Supercenter, and the Railway Station Shopping Center, benefiting from significant foot traffic exceeding 2.7 million shoppers annually. Data indicates this Walgreens ranks in the top 10% nationally for visits, exceeding 234,200 in the past year, solidifying its position as Bolivar's only drugstore. The property's prime location, coupled with the long-term lease and strong financial performance, makes it an attractive addition to any investment portfolio. This property is also available as part of a larger portfolio sale including four additional Walgreens locations. The asking price is $4,413,510.

    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
    Bolivar
    County
    Polk
    State
    Missouri
    Longitude
    -93.4024
    Latitude
    37.597
    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
    0
    $0.00
    $0.00
    $0.00
    $245,820
    -
    $0.00
    $0.00
    $768,188

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      4728 131st Rd

      MINI-WAREHOUSE, STORAGE • 1,500 SF
      4728 131st Rd, Bolivar, MO 65613-2886
      View Details
    • Value Estimation by Request
      1,332 SF

      1004 Broadway St

      MINI-WAREHOUSE, STORAGE • 1,332 SF
      1004 Broadway St, Bolivar, MO 65613-1809
      View Details
    • Value Estimation by Request
      4,265 SF

      3303 Broadway

      MINI-WAREHOUSE, STORAGE • 4,265 SF
      3303 Broadway, Bolivar, MO 65613
      View Details
    • Value Estimation by Request
      3,262 SF

      1111 Cambridge St

      MINI-WAREHOUSE, STORAGE • 3,262 SF
      1111 Cambridge St, Bolivar, MO 65613-3500
      View Details
    • Value Estimation by Request
      784 SF

      380 Clark Ave

      MINI-WAREHOUSE, STORAGE • 784 SF
      380 Clark Ave, Bolivar, MO 65613-1925
      View Details
    • Value Estimation by Request
      2,880 SF

      318 Jackson St

      MINI-WAREHOUSE, STORAGE • 2,880 SF
      318 Jackson St, Bolivar, MO 65613-2029
      View Details

    Similar Nearby for Sale

    • $525,000
      4,000 SF

      Bolivar Commercial Property For Sale

      Versatile commercial building with high visibility and accessibility.
      1114 W Broadway St, Bolivar, MO 65613
      View Details
    • Contact for pricing

      Bolivar MO Storage Units

      90-unit self-storage facility in Bolivar, Missouri.
      4889 S 139Th Rd, Bolivar, MO 65613
      View Details
    • $699,000
      13,606 SF

      Bolivar Self Storage Investment

      High-Yield Storage Facility in Bolivar, MO
      4886 139Th Rd, Bolivar, MO 65613
      View Details
    • $250,000
      6,700 SF

      Historic Bolivar Industrial Building

      Large Corner Lot, High Traffic Area
      315 Albany Ave, Bolivar, MO 65613
      View Details
    • $695,000
      0.60 Acres

      Versatile Commercial Property in Bolivar

      Flexible commercial space with office and potential industrial uses.
      4736 S 131St Rd, Bolivar, MO 65613
      View Details
    • $395,000
      1.87 Acres

      Prime Commercial Land in Bolivar

      High-traffic commercial land suitable for business development or relocation.
      002 S Faith Ct, Bolivar, MO 65613
      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.
    1820 Springfield Ave
    Bolivar, MO 65613-2563
    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

    1820 Springfield Ave, Bolivar, MO, 65613

    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!