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

    2040 Woodland St Springfield, MO 65807-5912

    • Office buildings
    • 14,572 SF
    • 1.50 lot acres
    OFF-MARKET
    Last Sale
    Jan 06, 2020
    Value Estimations
    $1,205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1000560
    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

    • Missouri Department of Natural Resources / State Government Office
    • Veterans Commission / Veterans Affairs Department

    Property Details for 2040 Woodland St

    Year built
    1996
    Lot size
    1.50 lot acres
    Property size
    14,572 SF
    Zone code
    INC
    Property type
    Office buildings
    APN
    88-18-03-101-030
    APU
    881803101030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,275,000
      Market price range: $736k - $2.66M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,705,000
      Current use
      RESTAURANT
      $1,630,000
      Change: -5% Conversion: Moderate
      RETAIL STORES
      $1,405,000
      Change: -18% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,390,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3206
    Latitude
    37.1633
    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
    $24,699
    $80,640
    $306,820
    $387,460
    -
    $252,000
    $958,800
    $1,210,800

    Comparable in this City

    • Value Estimation by Request
      4,808 SF

      1016 Battlefield St

      OFFICE BUILDING • 4,808 SF
      1016 Battlefield St, Springfield, MO 65807-4132
      View Details
    • Value Estimation by Request
      9.02 Acres

      3213 Byp

      OFFICE BUILDING • 9.02 Acres
      3213 Byp, Springfield, MO 65807-0913
      View Details
    • Value Estimation by Request
      2,930 SF

      2741 Meadowbrook Ave

      OFFICE BUILDING • 2,930 SF
      2741 Meadowbrook Ave, Springfield, MO 65807-5924
      View Details
    • Value Estimation by Request
      2,968 SF

      4130 Fairview Ave

      OFFICE BUILDING • 2,968 SF
      4130 Fairview Ave, Springfield, MO 65807-4751
      View Details
    • Value Estimation by Request
      2,514 SF

      2332 Kingsley St

      OFFICE BUILDING • 2,514 SF
      2332 Kingsley St, Springfield, MO 65807-5572
      View Details
    • Value Estimation by Request
      5,625 SF

      3386 Scenic Ave

      OFFICE BUILDING • 5,625 SF
      3386 Scenic Ave, Springfield, MO 65807-3928
      View Details

    Similar Nearby for Sale

    • $4,417,800
      23,880 SF

      Springfield Office Building for Sale

      Office building in Springfield, Missouri, available for purchase.
      3801 E Sunshine St, Springfield, MO 65807
      View Details
    • $350,000
      0.97 Acres

      Battlefield Road Office Opportunity

      Two office properties on Battlefield Road, Springfield, Missouri.
      W Battlefield, Springfield, MO 65807
      View Details
    • $2,500,000
      12,173 SF

      Two-Story Office Building with Drive-Thru

      Two-story office building with a basement and a three-lane drive-thru.
      4039 S Kansas Expy, Springfield, MO 65807
      View Details
    • $3,450,000
      19,617 SF

      Value-Add Office Building Opportunity

      Office building with drive-thru in desirable location for sale.
      222-248 E Primrose St, Springfield, MO 65807
      View Details
    • $3,250,000
      18,241 SF

      Prime Commercial Property on Campbell

      High-traffic location with diverse retail and restaurant surroundings.
      3345 S Campbell Ave, Springfield, MO 65807
      View Details
    • $550,000
      3,980 SF

      Springfield Executive Office Building

      High-traffic location, excellent visibility.
      1701 Campbell Ave, Springfield, MO 65807
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      2,945 SF

      Office Building Near Walnut Lawn

      2,945 SF office building for lease near Walnut Lawn.
      216 E Walnut Lawn St, Springfield, MO 65807
      View Details
    • $1,115,000
      41,382 SF

      Springfield Office Building For Rent

      Single-story office building with open workspace in Springfield, Missouri.
      4136 S Scenic Ave, Springfield, MO 65807
      View Details
    • $19 SF/Yr
      32,000 SF

      Class A Office Space Available

      Class A office spaces for lease in Springfield Medical Mile.
      3100 South National Ave, Springfield, MO 65807
      View Details
    • $15 SF/Yr
      6,160 SF

      Retail/Office Building Near Campbell

      6,160 SF retail/office building for lease near Campbell and Primrose.
      225 E Primrose St, Springfield, MO 65807
      View Details
    • $14 SF/Yr
      1 SF

      South Springfield Retail Center

      New retail center with restaurant, retail, and office spaces available.
      4216 S Cox Rd, Springfield, MO 65807
      View Details
    • $10 SF/Yr
      47,500 SF

      Kansas Station: Office & Retail Space

      Springfield, MO Office Suites Available Now
      3003-3033 Kansas Expy, Springfield, MO 65807
      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.
    2040 Woodland St
    Springfield, MO 65807-5912
    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.