Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2058 S Glenstone Ave Springfield, MO 65807
    Back to Search
    Property profile & analytics

    2058 S Glenstone Ave, Springfield, MO 65807

    View on Map
    • Drive through restaurants
    • 2,740 SF
    • 0.61 lot acres
    For Sale
    $980,000
    View Listing →
    Restaurant Building with Drive-Through For Sale
    $980,000
    2,740 SF

    Restaurant Building with Drive-Through

    2,740 SF retail/restaurant building for sale in Springfield.

    2058 S Glenstone Ave, Springfield, MO 65807
    View Listing
    Property ID
    US48-0268953
    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

    • Drive through restaurants

    Property Details for 2058 S Glenstone Ave

    Year built
    1963
    Lot size
    0.61 lot acres
    Zone code
    INC
    Property type
    Drive through restaurants
    APN
    88-12-32-206-031
    APU
    881232206031

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 5, 2023 — Tan Brothers LLC — Deed · related $656k · Regent Bank
    Mar 9, 2007 — Tan Brothers LLC Tan,chih K Quit Claim Deed · related —
    Mar 26, 2004 — Chih K Tan Tan,chih K Quit Claim Deed · related $390k · Village Bank & Trust
    — — Tan Brothers LLC — Deed Of Trust · related $988k · Liberty Bank
    — — Tan Brothers LLC — Deed Of Trust · related $270k · Liberty Bank

    Description

    This exceptional 2,740-square-foot restaurant building, located at 2058 S. Glenstone Ave in Springfield, Missouri, is available for sale at $1,200,000. Currently 100% occupied, this single-tenant property boasts a prime location in a high-traffic area of Southeast Springfield, near the intersection of Glenstone and Sunshine Streets. The building features an open dining and bar area, a drive-through window, a fully equipped kitchen with two walk-in coolers and a freezer, and two restrooms. Additional features include a large 489-square-foot storage area. The 0.61-acre lot provides ample space, and the property includes 37 parking spaces. The property is zoned for General Retail and benefits from high visibility and accessibility, with nearby businesses including Plaza Towers, Jim's Steakhouse, Early Bird Breakfast Pub, Mercy Hospital, Hy-Vee, Brown Derby Wine Center, and Red Lobster. Annual property taxes are $7,348.01. Traffic counts at the nearby intersections of Sunshine & Glenstone and Seminole & Glenstone are 68,930 and 37,115 vehicles per day, respectively. This is a rare opportunity to acquire a successful, established restaurant in a vibrant and growing community. The lease type is NNN.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.262
    Latitude
    37.1761
    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
    $7,348
    $65,700
    $49,570
    $115,270
    -
    $205,300
    $154,900
    $360,200

    Comparable in this City

    • Value Estimation by Request
      1.24 Acres

      1400 Sunshine St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1400 Sunshine St, Springfield, MO 65804-1212
      View Details
    • Value Estimation by Request
      3,437 SF

      3020 Sunshine St

      DRIVE-THRU RESTAURANT, FAST FOOD
      3020 Sunshine St, Springfield, MO 65804-2053
      View Details
    • Value Estimation by Request
      1,907 SF

      2933 National Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      2933 National Ave, Springfield, MO 65804-3633
      View Details
    • Value Estimation by Request
      0.93 Acres

      1249 Kingsley St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1249 Kingsley St, Springfield, MO 65804-7211
      View Details
    • Value Estimation by Request
      3,788 SF

      2119 Glenstone Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      2119 Glenstone Ave, Springfield, MO 65804-2429
      View Details
    • Value Estimation by Request
      0.80 Acres

      3830 Glenstone Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      3830 Glenstone Ave, Springfield, MO 65804-4418
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,740 SF

      Glenstone Retail/Restaurant Building Available

      2,740 SF retail or restaurant building with drive-through.
      2058 S Glenstone Ave, Springfield, MO 65804
      View Details
    • Contact for pricing
      6,470 SF

      Net Leased Restaurant Investment

      Net leased restaurant investment opportunity near Battlefield Mall.
      3242 S Stewart Ave, Springfield, MO 65804
      View Details
    • $2,940,000

      Net Leased Restaurant Investment

      Net leased restaurant investment opportunity near Battlefield Mall.
      3242 S Stewart Ave, Springfield, MO 65804
      View Details
    • Contact for pricing
      4,045 SF

      Freestanding Retail/Restaurant Building on Glenstone

      1,305 SF freestanding building for sale or lease.
      2040 S Glenstone Ave, Springfield, MO 65804
      View Details
    • Contact for pricing

      LEED Certified Office and Retail

      Multi-use destination with office and retail spaces in Springfield, MO.
      2144 E Republic Rd, Springfield, MO 65804
      View Details
    • Contact for pricing
      13,265 SF

      Freestanding Retail Property for Sale

      Freestanding retail property with a long-term tenant.
      2715 E Battlefield St, Springfield, MO 65804
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High Visibility Office/Retail Space

      Office or retail space available for rent.
      1353 E Sunshine St, Springfield, MO 65804
      View Details
    • $15 SF/Yr
      52,348 SF

      Prime Retail Space, High Visibility

      Exceptional leasing opportunity in a high-traffic Springfield retail hub.
      2843 E Sunshine St, Springfield, MO 65804
      View Details
    • $190,080
      71,003 SF

      Glenstone Avenue Retail Opportunity

      Retail space available at a busy Springfield intersection.
      1773 S Glenstone Ave, Springfield, MO 65804
      View Details
    • Contact for pricing
      11,796 SF

      Regional Power Center Retail Space

      Retail space available in regional shopping center.
      3300-3370 S Glenstone Ave, Springfield, MO 65804
      View Details
    • Contact for pricing

      Glenstone Avenue Retail Lot

      1.2 acre lot for lease on Glenstone, great location.
      2101 S Glenstone Ave, Springfield, MO 65804
      View Details
    View Listing
    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.
    2058 S Glenstone Ave
    Springfield, MO 65807
    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

    Thank You for Inquiry
    2058 S Glenstone Ave, Springfield, MO, 65807
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!