Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    235 National Ave Springfield, MO 65802-3418

    • Specialty properties
    • 9,332 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0463702
    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

    • Gardine Apartments / Apartment Building
    • Burrell Behavioral Health / Mental Health Service
    • Start Living Program / Mental Health Service

    Property Details for 235 National Ave

    Year built
    1990
    Lot size
    0.59 lot acres
    Property size
    9,332 SF
    Zone code
    INC
    Property type
    Specialty properties
    APN
    88-13-24-116-016
    APU
    881324116016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2764
    Latitude
    37.2085
    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
      1.42 Acres

      Bennett St

      CHARITABLE ORGANIZATION • 1.42 Acres
      Bennett St, Springfield, MO 65802
      View Details
    • Value Estimation by Request
      61,720 SF

      2835 Bennett St

      CHARITABLE ORGANIZATION • 61,720 SF
      2835 Bennett St, Springfield, MO 65802-5183
      View Details
    • Value Estimation by Request
      5,406 SF

      3960 Billings St

      CHARITABLE ORGANIZATION • 5,406 SF
      3960 Billings St, Springfield, MO 65802-1039
      View Details
    • Value Estimation by Request
      5,740 SF

      819 Boonville Ave

      CHARITABLE ORGANIZATION • 5,740 SF
      819 Boonville Ave, Springfield, MO 65802-3831
      View Details
    • Value Estimation by Request
      1,376 SF

      1307 Brown Ave

      CHARITABLE ORGANIZATION • 1,376 SF
      1307 Brown Ave, Springfield, MO 65802-1311
      View Details
    • Value Estimation by Request
      2,052 SF

      1111 Newton Ave

      CHARITABLE ORGANIZATION • 2,052 SF
      1111 Newton Ave, Springfield, MO 65802-1637
      View Details

    Similar Nearby for Sale

    • $1,950,000
      11.80 Acres

      Springfield Commercial Land - Prime Location

      11.8 acres, C-2 zoned, near Amazon.
      6700 Farm Road 140, Springfield, MO 65802
      View Details
    • $1,426,330
      75.05 Acres

      Prime Greene County Land Investment

      75 Acres, Excellent Location, High ROI Potential
      0 Farm Road 148, Springfield, MO 65802
      View Details
    • $499,000
      2,880 SF

      Prime Springfield Office Building

      Courthouse-adjacent office space, 2880 sq ft.
      943 Boonville Ave, Springfield, MO 65802
      View Details
    • $275,000
      11 SF

      Land Near Springfield, Missouri

      Land tracts near interchange, airport, and new sports development.
      7036 Hwy W, Springfield, MO 65802
      View Details
    • $749,000
      26,030 SF

      Rail-Served Industrial Facility For Sale

      29,530 SF industrial facility on 1.05 acres with rail access.
      357 N Fort Ave, Springfield, MO 65802
      View Details
    • $8,431,038

      55.3 Acres of Industrial Land

      Large industrial land parcel available for sale in Springfield, MO.
      1201 S State Highway Mm, Springfield, MO 65802
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      2,400 SF

      Chestnut Expressway Retail Space

      Prime Springfield Retail, 2400 sq ft
      2949 Chestnut Expy, Springfield, MO 65802
      View Details
    • $1,500 /Mo
      400 SF

      Turnkey Dog Grooming Suite

      400 SF professional dog grooming suite for lease.
      3080 East Cherry St, Springfield, MO 65802
      View Details
    • $8 SF/Yr
      11,026 SF

      Office/Warehouse Space Near I-44

      Office and warehouse space with fenced lot near I-44.
      3747 W Chestnut Expy, Springfield, MO 65802
      View Details
    • $3,900 /Mo
      2,808 SF

      Retail/Office Space with Warehouse

      Retail/office suites with warehouse space available for lease.
      1701 E Saint Louis St, Springfield, MO 65802
      View Details
    • $2,500 /Mo
      414 SF

      Retail Space on Glenstone Avenue

      Newly renovated retail space with high visibility and strong traffic.
      329 S Glenstone Ave, Springfield, MO 65802
      View Details
    • $850 /Mo

      Professional Office Space in Springfield

      Office space for lease in a convenient Springfield location.
      3737-B W Chestnut Expy, Springfield, MO 65802
      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.
    235 National Ave
    Springfield, MO 65802-3418
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.