Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2023 Glenstone Ave Springfield, MO 65803-4643

    • Motels
    • 4,886 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0918690
    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

    • Provence by Brown Derby / Chinaware Store / Bridal Shop
    • Glenstone Court Motel / Hotel / Motel
    • john morris equipment & supply co / Coin Operated Laundry Equipment Supplier
    • Derby Deli / Restaurant
    • Brown Derby Wine Center / Wine Store / Beer Store

    Property Details for 2023 Glenstone Ave

    Year built
    1951
    Lot size
    0.94 lot acres
    Property size
    4,886 SF
    Zone code
    INC
    Property type
    Motels
    APN
    88-12-07-115-051
    APU
    881207115051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2619
    Latitude
    37.2343
    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
    $7,896
    $94,750
    $29,120
    $123,870
    -
    $296,100
    $91,000
    $387,100

    Comparable in this City

    • Value Estimation by Request
      2.22 Acres

      1116 Norton Rd

      MOTEL • 2.22 Acres
      1116 Norton Rd, Springfield, MO 65803-1070
      View Details
    • Value Estimation by Request
      3,492 SF

      1720 Kearney St

      MOTEL • 3,492 SF
      1720 Kearney St, Springfield, MO 65803-4108
      View Details
    • Value Estimation by Request
      8,780 SF

      2209 Glenstone Ave

      MOTEL • 8,780 SF
      2209 Glenstone Ave, Springfield, MO 65803-4647
      View Details
    • Value Estimation by Request
      2.75 Acres

      2025 Kerr St

      HOTEL • 2.75 Acres
      2025 Kerr St, Springfield, MO 65803-8718
      View Details
    • Value Estimation
      $750,000
      56,586 SF

      3550 Evergreen St

      HOTEL • 56,586 SF
      3550 Evergreen St, Springfield, MO 65803-5716
      View Details
    • Value Estimation by Request
      15,324 SF

      2555 Glenstone Ave

      HOTEL • 15,324 SF
      2555 Glenstone Ave, Springfield, MO 65803-4737
      View Details

    Similar Nearby for Sale

    • $535,000
      9,880 SF

      Springfield Shopping Center - Prime Location

      9,880 SF Retail Space, Vacant, $535,000
      1075 Commercial St, Springfield, MO 65803
      View Details
    • $88,000
      0.20 Acres

      Downtown Springfield Commercial Lots

      Two adjacent lots, highway commercial zoning.
      1636 Grant Ave, Springfield, MO 65803
      View Details
    • $1,750,000
      2.83 Acres

      Kearney, MO Commercial Land

      Prime retail lot, high traffic, ready to build.
      0 Kearney And Kansas, Springfield, MO 65803
      View Details
    • Contact for pricing
      1.60 Acres

      Springfield Industrial Property - 1.6 Acres

      Spacious Shop, Ample Parking, Great Location
      2049 Eldon Ave, Springfield, MO 65803
      View Details
    • $3,900,000
      27.00 Acres

      27 Acre Development Tract

      27 acre development tract with high visibility and accessibility.
      3300 W Kearney St, Springfield, MO 65803
      View Details
    • $436,646
      1.12 Acres

      Springfield Commercial Land For Sale

      1.12 acre commercial land for sale in Springfield, MO.
      4810 E Parallel Ln, Springfield, MO 65803
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      11,280 SF

      Long Drive Center: Springfield, MO

      Prime Retail/Office Space, High Traffic Area
      1845 Turner St, Springfield, MO 65803
      View Details
    • $21 SF/Yr
      29,929 SF

      Prime Springfield Office Space

      Executive Suites, I-44 Visibility
      1801 Norton Rd, Springfield, MO 65803
      View Details
    • $600 /Mo
      352 SF

      Office Space Available For Rent

      Office space available for lease in Springfield, MO.
      613-617 W Division St, Springfield, MO 65803
      View Details
    • $4 SF/Yr
      17,784 SF

      Office Space Available For Rent

      17784 square feet of office space for rent.
      1616 N Robberson Ave, Springfield, MO 65803
      View Details
    • $12 SF/Yr
      94,007 SF

      Retail Space Near I-44

      Prime retail space with high visibility and ample parking.
      2601-2721 N Kansas Expy, Springfield, MO 65803
      View Details
    • Contact for pricing
      110,000 SF

      Springfield Industrial Manufacturing Space

      110,000 SF Manufacturing Facility, 30,000 SF Available
      0 Cor Of Jean St & Packer Rd, Springfield, MO 65803
      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.
    2023 Glenstone Ave
    Springfield, MO 65803-4643
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.