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    2021 W Kingsley St Springfield, MO 65807
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    2021 W Kingsley St, Springfield, MO 65807

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    • Hotels
    • 43,884 SF
    • 2.42 lot acres
    For Sale
    $499,000
    View Listing →
    Prime Commercial Lot in Springfield For Sale
    $499,000
    1.62 Acres

    Prime Commercial Lot in Springfield

    1.62-acre commercial lot perfect for retail or office development.

    2021 W Kingsley Street, Springfield, MO 65807
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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 W Kingsley St

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

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 14, 2020 — Bsrep II Ws Springfield LLC — Deed · related $870M · Citi R/e Fndg INC
    Aug 18, 2016 — Value Place Springfield LLC — Deed · related $235M · Jp Morgan Chase Bk
    Apr 17, 2013 — Value Place Springfield LLC Red Kingsley Holdings Vi LLC Quit Claim Deed · related —
    Oct 11, 2011 — Red Kingsley Holdings Vi LLC Acorn Loan Acquisition Venture Quit Claim Deed · related —
    Oct 11, 2011 $1,850,000 Loan Acquisition Venture Acorn Bc Trustee Services INC Trustees Deed · related —
    Jan 19, 2007 — Springfield Value Partners LLC Value Partners Dev LLC Quit Claim Deed · related $3.7M · M & I Marshall & Isley Bank
    May 18, 2006 — Value Partners Dev LLC — Grant Deed · related $3.8M · Security First Bank
    Jan 25, 2006 — Value Partners Dev LLC Signatures Investors LLC Warranty Deed · related —
    — — Bsrep II Ws Springfield LLC — Deed Of Trust · related $870M · Citi R/e Fndg INC
    — — Value Place Springfield LLC — Deed Of Trust · related $2.4M · Citizens Bk
    — — Value Place Springfield LLC — Deed Of Trust · related $235M · Jp Morgan Chase Bk

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

      3930 Overland Ave

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

      3501 Sunshine St

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

      621 Sunshine St

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

      2535 Campbell Ave

      MOTEL
      2535 Campbell Ave, Springfield, MO 65807-3501
      View Details
    • Value Estimation by Request

      1533 Battlefield Rd

      Office Spaces
      1533 Battlefield Rd, Springfield, MO 65807
      View Details

    Similar Nearby for Sale

    • $715,000
      5,248 SF

      Grant Ave Retail Center - Springfield, MO

      High-traffic retail building, newly renovated.
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      4,571 SF

      Office Building For Sale

      Office building with 4571 square feet available for purchase.
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    • $2,000,000
      59.00 Acres

      59 Acres in Springfield, MO

      59 acres of land ready for development in Springfield.
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    • $600,000
      6.99 Acres

      Prime Land Tract Available

      7+/- acre tract ideal for various commercial developments.
      3350 S Kauffman Rd, Springfield, MO 65807
      View Details
    • $598,000
      1.13 Acres

      Retail Development Land in Springfield

      Retail development parcel near Super Target and Olive Garden.
      3115 W Sunshine St, Springfield, MO 65807
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      3,980 SF

      Springfield Executive Office Space

      High-traffic location, 3,980 sq ft available
      1701 Campbell Ave, Springfield, MO 65807
      View Details
    • $13 SF/Yr

      Retail Space in Republic Plaza

      Retail spaces available in high-traffic Republic Plaza shopping center.
      2121-2155 W Republic Rd, Springfield, MO 65807
      View Details
    • $985 /Mo
      17,424 SF

      Prime Springfield Office Space

      Exceptional office space with private offices and open area.
      1821 S Weaver Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      23,000 SF

      Retail Center Space Available

      Retail space in a busy Springfield shopping center.
      3800 W Washita St, Springfield, MO 65807
      View Details
    • Contact for pricing
      2,804 SF

      Office Space Available For Rent

      1,200 square foot office space for rent.
      3433-3455 S Campbell Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in High Traffic Area

      Retail space available in a high-traffic, anchored shopping center.
      319 E Battlefield Rd, Springfield, MO 65807
      View Details
    View Listing
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    Springfield, MO 65807
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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.

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