Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1839 E Independence St Springfield, MO 65804
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1839 E Independence St Springfield, MO 65804

    View on Map
    • Retail space
    For Lease
    View Listing →
    1839 E Independence St, Springfield, MO 65804 For Lease
    Contact for pricing

    1839 E Independence St, Springfield, MO 65804

    Retail space for lease in southeast Springfield, Missouri.

    1839 E Independence St, Springfield, MO 65804
    View Listing
    Property ID
    US48-0868571
    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

    • TRIANGLE ENVIRONMENTAL SCIENCE AND ENGINEERING / Environmental Engineer / Building Inspector
    • Electronic Ministry Resources / (Bike/Boat/Book/etc) Store / Corporate Office
    • Dayora Salon / Hair Salon / Nail Salon
    • Appraisal First / Real Estate Agency
    • The Only Facial / Hair Salon / Nail Salon

    Property Details for 1839 E Independence St

    Year built
    1996
    Property type
    Retail space
    Property subtype
    Commercial real estate

    Description

    Retail space available for lease located in southeast Springfield, MO. Anchored by Walmart Super Center, Home Depot, Kohls, Michael's, and Dollar Tree. Suite V features a large open area with storage and restroom in the back.

    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
    -93.2614844
    Latitude
    37.1429194

    Comparable in this City

    • Contact for pricing

      Retail Space on Battlefield Road

      Retail space available in high-traffic Springfield location.
      1258 E Battlefield Rd, Springfield, MO 65804
      View Details
    • $2,000 /Mo
      40,511 SF

      Springfield Commercial Space For Lease

      Commercial space for lease in high-traffic Springfield corridor.
      1924 S Glenstone Ave, Springfield, MO 65804
      View Details
    • $15 SF/Yr
      1,300 SF

      Retail Space on Republic Road

      Retail space available for lease on East Republic Road.
      1360-1378 E Republic Rd, Springfield, MO 65804
      View Details
    • $14 SF/Yr
      3,850 SF

      Retail Space Available For Lease

      Retail space available for lease, totaling 3,850 square feet.
      1258 E Battlefield St, Springfield, MO 65804
      View Details
    • $13 SF/Yr
      3,600 SF

      Retail Space For Lease

      Retail spaces available, ranging from 1,500 to 3,600 square feet.
      2150 W Republic Rd, Springfield, MO 65804
      View Details
    • $15 SF/Yr

      High-Visibility Commercial Space Available

      Prime commercial space with high traffic, visibility, and ample parking.
      1615 S Glenstone Ave, Springfield, MO 65804
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      LEED Certified Office and Retail

      Multi-use destination with office and retail spaces in Springfield, MO.
      2144 E Republic Rd, Springfield, MO 65804
      View Details
    • Contact for pricing
      2.52 Acres

      New Springfield Office/Retail Space

      703 SF office/retail space in Springfield, MO for sale.
      1726 S Luster Ave, Springfield, MO 65804
      View Details
    • Contact for pricing
      2.52 Acres

      New Springfield Office/Retail Space

      Modern 1,118 SF office or retail space in Springfield, MO.
      1724 S Luster Ave, Springfield, MO 65804
      View Details
    • Contact for pricing
      1,800 SF

      Glenstone Avenue Retail Investment

      Income-producing retail property with long-term tenant in Springfield, Missouri.
      1164 S Glenstone Ave, Springfield, MO 65804
      View Details
    • $1,750,000
      4,045 SF

      Freestanding Retail/Restaurant Building on Glenstone

      1,305 SF freestanding building for sale or lease.
      2040 S Glenstone Ave, Springfield, MO 65804
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Battlefield Road

      Retail space available in high-traffic Springfield location.
      1258 E Battlefield Rd, Springfield, MO 65804
      View Details
    • $2,000 /Mo
      40,511 SF

      Springfield Commercial Space For Lease

      Commercial space for lease in high-traffic Springfield corridor.
      1924 S Glenstone Ave, Springfield, MO 65804
      View Details
    • $15 SF/Yr
      1,300 SF

      Retail Space on Republic Road

      Retail space available for lease on East Republic Road.
      1360-1378 E Republic Rd, Springfield, MO 65804
      View Details
    • $13 SF/Yr
      3,600 SF

      Retail Space For Lease

      Retail spaces available, ranging from 1,500 to 3,600 square feet.
      2150 W Republic Rd, Springfield, MO 65804
      View Details
    • $14 SF/Yr
      3,850 SF

      Retail Space Available For Lease

      Retail space available for lease, totaling 3,850 square feet.
      1258 E Battlefield St, Springfield, MO 65804
      View Details
    • $15 SF/Yr

      High-Visibility Commercial Space Available

      Prime commercial space with high traffic, visibility, and ample parking.
      1615 S Glenstone Ave, Springfield, MO 65804
      View Details
    View Listing
    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.
    1839 E Independence St
    Springfield, MO 65804
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!