Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2144 E Republic Rd Springfield, MO 65804
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2144 E Republic Rd Springfield, MO 65804

    View on Map
    • Commercial real estate
    • 15.46 lot acres
    For Lease
    View Listing →
    2144 E Republic Rd, Springfield, MO 65804 For Lease
    Contact for pricing

    2144 E Republic Rd, Springfield, MO 65804

    Multi-use destination with LEED-certified buildings in Springfield's southeast corridor.

    2144 E Republic Rd, Springfield, MO 65804
    View Listing
    Property ID
    US48-1473566
    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

    • Little Sunshine's Playhouse & Preschool / High School / Daycare Center
    • Pediatric Brain Foundation / High School / Vocational School
    • Guaranty Bank / Loan Service / Bank
    • Spencer Fane LLP / Law Firm
    • 417girl / Hair Salon / Nail Salon

    Property Details for 2144 E Republic Rd

    Year built
    2014
    Lot size
    15.46 lot acres
    Property type
    Commercial real estate
    APN
    88-19-17-201-013
    APU
    881917201013

    Description

    Farmers Park in Southeast Springfield, Missouri, offers exceptional executive office and mixed-use spaces. This LEED-certified development comprises five primary buildings totaling 156,306 square feet, situated within a vibrant campus featuring a market pavilion, community gardens, and plaza areas. Currently, 6,699 square feet of vacant space is available, with a minimum divisible unit of 3,300 square feet and a maximum contiguous space of 3,399 square feet. Two spaces are immediately available: a first-floor creative office space (B-103) ready for occupancy April 1, 2025, and a restaurant/lounge space (B-401) adaptable for office use and featuring a patio. The property is located at 2144 E Republic Rd, Springfield, MO 65804, in Greene County, and offers a premium alternative to traditional office developments, emphasizing sustainability and community engagement. The property's multiple tenancy allows for flexibility in space requirements. This unique opportunity combines modern office space with a thriving community atmosphere. Contact for details and showings.

    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
    -93.2547
    Latitude
    37.136
    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
    $231,951
    $1,307,900
    $2,589,660
    $3,897,560
    -
    $4,087,200
    $11,485,600
    $15,572,800

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      1823 Grand St

      COMMERCIAL (GENERAL) • 0.37 Acres
      1823 Grand St, Springfield, MO 65804
      View Details
    • Value Estimation by Request
      2,337 SF

      2115 Brentwood Blvd

      COMMERCIAL (GENERAL) • 2,337 SF
      2115 Brentwood Blvd, Springfield, MO 65804-2538
      View Details
    • Value Estimation by Request
      2.12 Acres

      Washita St

      COMMERCIAL (GENERAL) • 2.12 Acres
      Washita St, Springfield, MO 65804
      View Details
    • Value Estimation by Request
      0.29 Acres

      Sunshine St

      COMMERCIAL (GENERAL) • 0.29 Acres
      Sunshine St, Springfield, MO 65804
      View Details
    • Value Estimation by Request
      0.50 Acres

      Glenstone Ave

      COMMERCIAL (GENERAL) • 0.50 Acres
      Glenstone Ave, Springfield, MO 65804
      View Details
    • Value Estimation by Request
      5,532 SF

      1750 Glenstone Ave

      COMMERCIAL (GENERAL) • 5,532 SF
      1750 Glenstone Ave, Springfield, MO 65804-1508
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      Glenstone Avenue Retail Investment

      Income-producing retail property with long-term tenant in Springfield, Missouri.
      1164 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
    • $839,900
      3,515 SF

      Class-A Office Condominium For Sale

      Turnkey 3,515 SF office space in Bradford Place Condominiums.
      1531 E Bradford Pkwy, Springfield, MO 65804
      View Details
    • $89,900
      1.30 Acres

      Springfield Land For Sale

      1.3 acre building site in Woodcliff area.
      Hawthorne Dr, Springfield, MO 65804
      View Details
    • $1,795,000
      20,000 SF

      Versatile Commercial Building on Acreage

      20,000 sq ft commercial building on 1.25-acre lot.
      1926-1936 E Meadowmere St, Springfield, MO 65804
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Office Space for Lease

      Office space on a hard corner near Mercy Hospital.
      1830-1912 S Fremont Rd, Springfield, MO 65804
      View Details
    • Contact for pricing

      Prime Retail Pad Sites

      Retail pad sites on Battlefield Rd near Battlefield Mall.
      1533 E Battlefield Rd, Springfield, MO 65804
      View Details
    • Contact for pricing

      Office Space in Medical Mile

      Office space for lease in Springfield's Medical Mile.
      3800 S Fremont Ave, Springfield, MO 65804
      View Details
    • Contact for pricing

      Office Space on Sunshine Street

      Second story office space available for rent.
      3170 E Sunshine St, Springfield, MO 65804
      View Details
    • Contact for pricing

      Former Call Center in Springfield

      Former call center building with 700+ seats for rent.
      1720 E Primrose St, Springfield, MO 65804
      View Details
    • Contact for pricing

      Class A Office Building Space

      Class A office spaces available for lease in Springfield, MO.
      3100 S National 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.
    2144 E Republic Rd
    Springfield, MO 65804
    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.
    Sign Up Successful!
    You now have access to more from Realmo!