Property profile

229 Commercial St Springfield, MO 65803

OFF-MARKET
Other commercial real estate
Property ID
US48-0921114
10,149 SF 0.11 ac lot Built 1884
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Springfield commercial building is located on Historic C-Street and was originally constructed in 1884, with a remodeling completed in 1996 featuring a modern Art Deco design. The property includes more than 10,000 square feet of vacant interior space and sits on a 0.11-acre lot. It is configured to support multiple uses, including office or retail, medical or dental offices, training facilities, and apartment loft conversions. Entry features include double glass doors at the main entrance, a private side entrance for separate access to an upper level or the main floor, and a private back door. The exterior has large glass windows and street-level pedestrian access with street parking along the frontage. Interior characteristics include tall ceilings and original diagonal hardwood flooring on the main level, along with a large central area containing built-in cabinets and sink areas, kitchenettes, and multiple private office spaces distributed across several floors. The building is situated in the Historic C-Street area near OTC, Drury University, downtown Springfield, and nearby restaurants and shops.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1884
Total area 10,149 SF
Lot 0.11 ac (4,617 SF)
Zoning code INC
APN 88-13-12-309-002
UPID US48-0921114

Cap rate & NOI

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

Location

229 Commercial St Springfield, MO 65803-2939
Springfield metro Census 700 SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$618k
Blend (final) Blend
$295k

Owner & transaction history

since 2024
7 recorded transactions
2024
$538,245
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
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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