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

    2021 Kingsley St Springfield, MO 65807-5472

    • Hotels
    • 43,884 SF
    • 2.42 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0859448
    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

    • WoodSpring Suites Springfield / Hotel & Motel / Vacation Rental
    • Extended Stay America Select Suites - Springfield - South - Battlefield / Hotel & Motel / Vacation Rental

    Property Details for 2021 Kingsley St

    Year built
    2007
    Lot size
    2.42 lot acres
    Property size
    43,884 SF
    Zone code
    INC
    Property type
    Hotels
    APN
    88-18-10-401-208
    APU
    881810401208

    Description

    This 1.62-acre commercial land parcel, located at 2021 W Kingsley St in Springfield, Missouri, presents a unique development opportunity. Zoned GR (General Retail), this property boasts high visibility from the James River Expressway, offering excellent access to major roadways including the Republic Rd./Kansas Expressway intersection, one of Springfield's busiest areas. Its strategic location northwest of this intersection ensures convenient access for businesses and residents alike. Ideal for office, retail, commercial, or mixed-use development, this land provides a solid foundation for a variety of projects. The asking price is $617,463. The property's high visibility and convenient location make it an attractive investment for developers seeking a prime location in a thriving area of Springfield. This is a rare opportunity to acquire a sizable parcel in a well-established and growing part of the city, offering significant potential for future growth and return on investment. The property's GR zoning allows for a wide range of development possibilities, catering to diverse business needs and market demands. Serious inquiries are encouraged to explore the potential of this exceptional development site. Contact us to schedule a site visit and discuss your development plans. The zip code is 65807.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $970,000
      Market price range: $584k - $971k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $740,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3216
    Latitude
    37.1412
    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
    $93,420
    $133,220
    $1,332,290
    $1,465,510
    -
    $416,300
    $4,163,400
    $4,579,700

    Comparable in this City

    • Value Estimation
      $885,000
      47,824 SF

      1035 Republic Rd

      HOTEL • 47,824 SF
      1035 Republic Rd, Springfield, MO 65807-6007
      View Details
    • Value Estimation
      $585,000
      27,212 SF

      3930 Overland Ave

      HOTEL • 27,212 SF
      3930 Overland Ave, Springfield, MO 65807-8766
      View Details
    • Value Estimation by Request
      10,943 SF

      3501 Sunshine St

      HOTEL • 10,943 SF
      3501 Sunshine St, Springfield, MO 65807-0940
      View Details
    • Value Estimation by Request
      1.67 Acres

      621 Sunshine St

      HOTEL • 1.67 Acres
      621 Sunshine St, Springfield, MO 65807-2437
      View Details
    • Value Estimation
      $620,000
      32,798 SF

      2535 Campbell Ave

      MOTEL • 32,798 SF
      2535 Campbell Ave, Springfield, MO 65807-3501
      View Details
    • Value Estimation by Request
      9,000 SF

      3251 Scenic Ave

      Distribution properties • 9,000 SF
      3251 Scenic Ave, Springfield, MO 65807
      View Details

    Similar Nearby for Sale

    • $170,000
      0.09 Acres

      Updated Office/Retail Space Available

      Move-in ready office/retail space with recent upgrades and high visibility.
      1812 S Franklin Ave, Springfield, MO 65807
      View Details
    • $2,500,000
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      Two-Story Office Building with Drive-Thru

      Two-story office building with a basement and a three-lane drive-thru.
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    • $514,000
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      High-Visibility Springfield Commercial Land

      1.18 Acres, Highway Commercial Zoning
      3111 Kansas Expy, Springfield, MO 65807
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    • $187,500
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      Office Building Pad Site

      Vacant lot ready for new office building construction.
      3019 S Fort Ave, Springfield, MO 65807
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    • $715,000
      5,248 SF

      Grant Ave Retail Center - Springfield, MO

      High-traffic retail building, newly renovated.
      1774 Grant Ave, Springfield, MO 65807
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    • $895,000
      8,928 SF

      1036 Sunshine St

      Restaurants • 8,928 SF
      1036 Sunshine St, Springfield, MO 65807
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      7,700 SF

      Office Space with Training Room

      4,950 SF office space with training room for lease.
      909 E Montclair St, Springfield, MO 65807
      View Details
    • Contact for pricing
      150,000 SF

      Springfield Plaza Retail Center

      Prime Springfield Retail Space Available
      3600 Sunshine St, Springfield, MO 65807
      View Details
    • $12 SF/Yr
      1,400 SF

      Prime Office Space Near Kansas Expwy

      1400 sq ft Office - Excellent Location
      1533 Battlefield Rd, Springfield, MO 65807
      View Details
    • $7 SF/Yr
      2,827 SF

      Office Space Available For Rent

      2827 square feet of office space for lease.
      1645 W Republic Rd, Springfield, MO 65807
      View Details
    • $42,000
      165,528 SF

      Retail, Office, Warehouse Space Available

      Versatile space suitable for retail, office, or warehousing in Springfield.
      500 W Battlefield Rd Unit, Springfield, MO 65807
      View Details
    • $2,042 /Mo
      344,560 SF

      Retail Space in Springfield, MO

      Charming 1,750 sq ft retail space in active commercial corridor.
      2528a S Campbell Ave, Springfield, MO 65807
      View Details
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    Springfield, MO 65807-5472
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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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