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    Property profile & analytics

    2401 Lone Pine Ave Springfield, MO 65804

    • Commercial real estate
    • 6.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0586589
    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

    • King's Way United Methodist Church / School / United Methodist Church
    • Kingswood Programs + Preschool + Kindergarten / Kindergarten / Preschool

    Property Details for 2401 Lone Pine Ave

    Lot size
    6.00 lot acres
    Property type
    Commercial real estate
    APN
    881232409022

    Description

    This exceptional 6-acre residential land parcel presents a unique opportunity in southeast Springfield, Missouri. Located at 2401 S Lone Pine Ave, in Greene County, zip code 65804, this property is situated on the southern edge of the Kingsway United Methodist Church property, conveniently located just north of Battlefield Road. The land is zoned R-SF (Single Family Residential), allowing for the development of single-family homes. The seller is willing to cooperate with the buyer to facilitate the necessary subdivision process, making this a streamlined acquisition. It's important to note that a sinkhole is present on the property

    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
    -93.246672861373
    Latitude
    37.168410279239

    Comparable in this City

    • $370,000
      2,604 SF

      Well-Maintained Duplex in Springfield, MO

      All-brick duplex with consistent rental income in Southeast Springfield.
      1631 E Lark St, Springfield, MO 65804
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    • $1,500,000
      7,745 SF

      Redevelopment Opportunity on Lone Pine

      Mixed-use redevelopment opportunity zoned for retail and multi-family.
      3535 S Lone Pine Ave, Springfield, MO 65804
      View Details
    • New
      $299,000
      1,878 SF

      Springfield Duplex with Patio Home

      All brick duplex with low maintenance yard in Springfield, Missouri.
      1264 E Lafayette Ct E, Springfield, MO 65804
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    • $149,900
      0.87 Acres

      Residential Land in Gated Neighborhood

      Estate-sized lot with city utilities and Greenway trail access.
      Lakepointe Reserve, Springfield, MO 65804
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    • $119,900
      0.59 Acres

      Residential Land in Springfield, MO

      Estate-sized lot in gated community with city utilities and trail access.
      Lakepointe Reserve, Springfield, MO 65804
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    • $39,900
      0.50 Acres

      Land For Sale Springfield

      Land available in Springfield, Missouri.
      4749 S Bellhurst Ave, Springfield, MO 65804
      View Details

    Similar Nearby for Sale

    • $370,000
      2,604 SF

      Well-Maintained Duplex in Springfield, MO

      All-brick duplex with consistent rental income in Southeast Springfield.
      1631 E Lark St, Springfield, MO 65804
      View Details
    • $1,500,000
      7,745 SF

      Redevelopment Opportunity on Lone Pine

      Mixed-use redevelopment opportunity zoned for retail and multi-family.
      3535 S Lone Pine Ave, Springfield, MO 65804
      View Details
    • New
      $299,000
      1,878 SF

      Springfield Duplex with Patio Home

      All brick duplex with low maintenance yard in Springfield, Missouri.
      1264 E Lafayette Ct E, Springfield, MO 65804
      View Details
    • $149,900
      0.87 Acres

      Residential Land in Gated Neighborhood

      Estate-sized lot with city utilities and Greenway trail access.
      Lakepointe Reserve, Springfield, MO 65804
      View Details
    • $119,900
      0.59 Acres

      Residential Land in Springfield, MO

      Estate-sized lot in gated community with city utilities and trail access.
      Lakepointe Reserve, Springfield, MO 65804
      View Details
    • $39,900
      0.50 Acres

      Land For Sale Springfield

      Land available in Springfield, Missouri.
      4749 S Bellhurst Ave, Springfield, MO 65804
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      95,890 SF

      Battlefield Retail Pad Sites

      Prime Springfield location, high traffic, two spaces available.
      1533 Battlefield Rd, Springfield, MO 65804
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    • $0.81 SF/Yr
      53,578 SF

      Springfield MO Commercial Land

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    • $1.38 SF/Yr
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      Glenstone Ave Commercial Land Lease

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    • $15 SF/Yr
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      Battlefield Road Office Suite 250

      ±5,757 SF Office Space Available in Springfield, MO
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    • $13 SF/Yr
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      CastleGate Office Suites: Springfield, MO

      Class A Office Space, 2590 SF Available
      3809 Greystone Ct, Springfield, MO 65804
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    • $25 SF/Yr
      156,306 SF

      Farmers Park Executive Suites

      Springfield, MO Office Space Available
      2144 Republic Rd, Springfield, MO 65804
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    2401 Lone Pine Ave
    Springfield, MO 65804
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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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