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    Property profile & analytics

    2121 Republic Rd Springfield, MO 65807-5705

    • Strip malls
    • 26,814 SF
    • 3.22 lot acres
    OFF-MARKET
    Value Estimations
    $1,745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0835740
    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

    • Dance Canvas Performing Arts Center / Training Center
    • Higher Steps Learning Academy / High School / Daycare Center
    • Morgan & Westfield / Business Broker
    • LPG Childcare / Daycare Center

    Property Details for 2121 Republic Rd

    Year built
    2001
    Lot size
    3.22 lot acres
    Property size
    26,814 SF
    Zone code
    INC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    88-18-10-401-206
    APU
    881810401206

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,438,000
      Market price range: $647k - $1.67M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,170,000
      Current use
      RETAIL STORES
      $2,580,000
      Change: +120% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,555,000
      Change: +118% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,955,000
      Change: +67% Conversion: Difficult
      MEDICAL BUILDING
      $1,900,000
      Change: +62% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3227
    Latitude
    37.1396
    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
    $60,813
    $251,650
    $702,340
    $953,990
    -
    $786,400
    $2,194,800
    $2,981,200

    Comparable in this City

    • Value Estimation by Request
      0.96 Acres

      1255 Battlefield St

      SHOPPING CENTER, STRIP CENTER • 0.96 Acres
      1255 Battlefield St, Springfield, MO 65807-4135
      View Details
    • Value Estimation by Request
      4,484 SF

      3154 Campbell Ave

      SHOPPING CENTER, STRIP CENTER • 4,484 SF
      3154 Campbell Ave, Springfield, MO 65807-4911
      View Details
    • Value Estimation by Request
      5,238 SF

      2775 Campbell Ave

      SHOPPING CENTER, STRIP CENTER • 5,238 SF
      2775 Campbell Ave, Springfield, MO 65807-3774
      View Details
    • Value Estimation by Request
      4,800 SF

      2237 Campbell Ave

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      2237 Campbell Ave, Springfield, MO 65807-2911
      View Details
    • Value Estimation by Request
      7,336 SF

      4126 Kansas Expy

      SHOPPING CENTER, STRIP CENTER • 7,336 SF
      4126 Kansas Expy, Springfield, MO 65807-5838
      View Details
    • Value Estimation by Request
      7,296 SF

      1320 Grand St

      SHOPPING CENTER, STRIP CENTER • 7,296 SF
      1320 Grand St, Springfield, MO 65807-1134
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      84,252 SF

      Retail Space Near Walmart

      Retail property adjacent to Walmart Supercenter with high traffic.
      3303 S Campbell Ave, Springfield, MO 65807
      View Details
    • $6,400,000
      5.66 Acres

      Kansas Station Shopping Center

      Springfield, MO Retail Investment Opportunity
      3003-3047 Kansas Expy, Springfield, MO 65807
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    • $2,700,000
      42.00 Acres

      Springfield Retail Land Investment

      42 Acres, High-Growth Area, $2.7M
      3131 Battlefield, Springfield, MO 65807
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    • Contact for pricing

      Premier Springfield Shopping Center

      Upscale shopping center in high-traffic Springfield location.
      900 E Battlefield, Springfield, MO 65807
      View Details
    • $170,000
      Pending

      Updated Office/Retail Space Available

      Move-in ready office/retail space with recent upgrades and high visibility.
      1812 S Franklin Ave, Springfield, MO 65807
      View Details
    • $895,000
      8,928 SF

      1036 Sunshine St

      Retail properties & Spaces • 8,928 SF
      1036 Sunshine St, Springfield, MO 65807
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      New Retail Center on Campbell

      New retail spaces available on high-traffic South Campbell Avenue.
      2515 S Campbell Ave, Springfield, MO 65807
      View Details
    • $360 /Mo
      385,679 SF

      Sunshine Towne Center: Retail Opportunity

      Springfield, MO Retail Center - Two Spaces Available
      3444 Sunshine St, Springfield, MO 65807
      View Details
    • Contact for pricing
      150,000 SF

      Springfield Plaza Retail Center

      Prime Springfield Retail Space Available
      3600 Sunshine St, Springfield, MO 65807
      View Details
    • $20 SF/Yr
      25,000 SF

      Magers Crossing Retail Center

      Prime SW Springfield Retail Space Available
      2100-2150 Republic Rd, Springfield, MO 65807
      View Details
    • $14 SF/Yr
      45,460 SF

      Battlefield Market Place Retail Center

      South Springfield Retail Space Available
      900 Battlefield Rd, Springfield, MO 65807
      View Details
    • Contact for pricing
      62,861 SF

      Springfield Retail Center Opportunity

      High-traffic retail space, Springfield, MO
      3850 Campbell Ave, Springfield, MO 65807
      View Details
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    2121 Republic Rd
    Springfield, MO 65807-5705
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    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
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