Property profile

2101 S Glenstone Ave Springfield, MO 65804

FOR LEASE
Gas stations
Property ID
US48-0173769
960 SF 0.6 ac lot Built 1970
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.2-acre commercial land parcel, totaling 52,229 square feet, is ideally situated at 2101 S. Glenstone Ave in Springfield, Missouri, zip code 65804. The rectangular lot boasts high visibility and accessibility, featuring two driveways on Glenstone Avenue and two on Waverly Avenue. Its General Retail zoning makes it perfect for a variety of uses, including retail establishments and restaurants. The property benefits from a high traffic count, ensuring significant exposure for any business. Previous underground fuel tanks have been removed, eliminating potential environmental concerns. While existing improvements are present, no value has been assigned to them. The lease terms include a base monthly rent of $6,000, plus the tenant is responsible for real estate taxes, property insurance, and maintenance. This prime location offers a unique opportunity for businesses seeking high-traffic exposure in a thriving Springfield commercial area. Detailed site plans are available upon request. The property is offered as a single-tenant lease.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1970
Total area 960 SF
Lot 0.6 ac (26,267 SF)
Zoning code INC
APN 88-12-31-113-007
UPID US48-0173769

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station

Location

2101 S Glenstone Ave Springfield, MO 65804
Springfield metro Census 1100 SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2004
Price N/A

Zoning & alternative use

INC · Springfield, MO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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