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

    203 Glenstone Ave Springfield, MO 65802-3102

    • Hotels
    • 31,033 SF
    • 4.26 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0979872
    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

    • Best Western Route 66 Rail Haven / Hotel & Motel

    Property Details for 203 Glenstone Ave

    Year built
    1966
    Lot size
    4.26 lot acres
    Property size
    31,033 SF
    Zone code
    INC
    Property type
    Hotels
    APN
    88-12-19-127-028
    APU
    881219127028

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $412,000
      Market price range: $413k - $686k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $525,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2626
    Latitude
    37.2085
    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
    $24,028
    $177,280
    $199,650
    $376,930
    -
    $554,000
    $623,900
    $1,177,900

    Comparable in this City

    • Value Estimation
      $545,000
      28,782 SF

      4445 Chestnut Expy

      HOTEL • 28,782 SF
      4445 Chestnut Expy, Springfield, MO 65802-5824
      View Details
    • Value Estimation by Request
      8,156 SF

      3811 Chestnut Expy

      HOTEL • 8,156 SF
      3811 Chestnut Expy, Springfield, MO 65802-5510
      View Details
    • Value Estimation
      $780,000
      55,959 SF

      222 Ingram Ml Rd

      HOTEL • 55,959 SF
      222 Ingram Ml Rd, Springfield, MO 65802-6109
      View Details
    • Value Estimation by Request
      16,495 SF

      4433 Chestnut Expy

      MOTEL • 16,495 SF
      4433 Chestnut Expy, Springfield, MO 65802-5824
      View Details
    • Value Estimation by Request
      4,451 SF

      5775 Farm Rd 140

      CAMPGROUND, RV PARK • 4,451 SF
      5775 Farm Rd 140, Springfield, MO 65802-9361
      View Details
    • Value Estimation by Request
      18,147 SF

      815 Glenstone Ave

      MOTEL • 18,147 SF
      815 Glenstone Ave, Springfield, MO 65802-2119
      View Details

    Similar Nearby for Sale

    • $2,775,000
      71,599 SF

      Springfield Industrial Property

      71,599 SF Warehouse, Value-Add Opportunity
      1515 Division St, Springfield, MO 65802
      View Details
    • $585,000
      6,528 SF

      Prime Springfield Executive Office

      6,528 SF Office Building, $585,000
      1232 Trafficway St, Springfield, MO 65802
      View Details
    • $2,880,400
      8.78 Acres

      Springfield Commercial Land - 8.78 Acres

      Prime Springfield commercial land, high traffic, development opportunity.
      3604 Chestnut Expy, Springfield, MO 65802
      View Details
    • $499,000
      0.81 Acres

      Sports Town Commercial Land

      Prime Springfield, MO commercial lot near major sports complex.
      5933 Mo-266, Springfield, MO 65802
      View Details
    • $349,000
      4.00 Acres

      Springfield Commercial Land - I-44 Frontage

      4-Acre Commercial/Industrial Lot, $349,000
      4301 Division St, Springfield, MO 65802
      View Details
    • $100,000
      Pending

      Land Near Pickwick and Elm

      Land suitable for complete rehab or redevelopment near prime location.
      1414 E Elm St, Springfield, MO 65802
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      28,800 SF

      Retail Space with High Visibility

      Retail spaces available on East Chestnut Expressway with high traffic.
      2937 East Chestnut Expy, Springfield, MO 65802
      View Details
    • Contact for pricing
      7,038 SF

      Retail Space with Ample Parking

      Versatile retail space with high visibility and ample parking.
      629 S Scenic Ave, Springfield, MO 65802
      View Details
    • $3,900 /Mo
      2,808 SF

      Retail/Office Space with Warehouse

      Retail/office suites with warehouse space available for lease.
      1701 E Saint Louis St, Springfield, MO 65802
      View Details
    • $10 SF/Yr
      2,400 SF

      Chestnut Expressway Retail Space

      Prime Springfield Retail, 2400 sq ft
      2949 Chestnut Expy, Springfield, MO 65802
      View Details
    • $850 /Mo

      Professional Office Space in Springfield

      Office space for lease in a convenient Springfield location.
      3737-B W Chestnut Expy, Springfield, MO 65802
      View Details
    • $1,500 /Mo
      400 SF

      Turnkey Dog Grooming Suite

      400 SF professional dog grooming suite for lease.
      3080 East Cherry St, Springfield, MO 65802
      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.
    203 Glenstone Ave
    Springfield, MO 65802-3102
    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.