Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2223 Bennett St Springfield, MO 65804-1730
    Back to Search
    Property profile & analytics

    2223 Bennett St, Springfield, MO 65804-1730

    View on Map
    • Specialty properties
    • 15,278 SF
    • 1.64 lot acres
    Off-Market
    Property ID
    US48-1241889
    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

    • Springfield Elks Lodge #409 / Volunteer Organization / Community Center

    Property Details for 2223 Bennett St

    Year built
    1990
    Lot size
    1.64 lot acres
    Zone code
    INC
    Property type
    Specialty properties
    APN
    88-12-29-102-003
    APU
    881229102003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 12, 2005 — Lodge 409 Bpo Elk Springfield Springfield Lodge 409 Benevol Quit Claim Deed · related —

    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
    -93.2524
    Latitude
    37.1897
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,067 SF

      2440 Seminole St

      Schools
      2440 Seminole St, Springfield, MO 65804
      View Details
    • Value Estimation by Request
      2.40 Acres

      2223 Bennett St

      CHARITABLE ORGANIZATION
      2223 Bennett St, Springfield, MO 65804-1730
      View Details
    • Value Estimation by Request
      2,062 SF

      2026 Pr Ln

      CHARITABLE ORGANIZATION
      2026 Pr Ln, Springfield, MO 65804-2517
      View Details
    • Value Estimation by Request
      0.27 Acres

      Lakeside Ave

      CHARITABLE ORGANIZATION
      Lakeside Ave, Springfield, MO 65804
      View Details
    • Value Estimation by Request
      1,534 SF

      2702 Stanford St

      CHARITABLE ORGANIZATION
      2702 Stanford St, Springfield, MO 65804-2043
      View Details
    • Value Estimation by Request
      1,717 SF

      2710 Stanford St

      CHARITABLE ORGANIZATION
      2710 Stanford St, Springfield, MO 65804-2043
      View Details

    Similar Nearby for Sale

    • $6,825,000

      Commercial Property on Battlefield Road

      Commercial property for sale on East Battlefield Road.
      1535 East Battlefield Rd, 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

      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
    • $179,900
      0.63 Acres

      Residential Land in Gated Neighborhood

      Land for sale in Springfield's newest gated neighborhood.
      Lakepointe Reserve, Springfield, MO 65804
      View Details
    • $75,000
      0.54 Acres

      Wooded Corner Lot in Springfield

      0.54 acre corner lot in Woodcliffe Subdivision.
      S Woodcliffe Dr, Springfield, MO 65804
      View Details
    • $699,000
      2,150 SF

      Updated Office on High-Traffic Street

      Remodeled Class B office building on a busy commercial corridor.
      2760 E Sunshine 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
    • $13 SF/Yr
      15,682 SF

      Professional Office Space For Lease

      Professional office space available for lease in Springfield, Missouri.
      1323 E Montclair 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
    • $16 SF/Yr
      121,968 SF

      Galloway Village Furnished Office Space

      Furnished office space in Galloway Village near amenities and trails.
      4064 S Lone Pine Ave, Springfield, MO 65804
      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.
    2223 Bennett St
    Springfield, MO 65804-1730
    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
    2223 Bennett St, Springfield, MO, 65804
    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!