Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2404 Kingsley St Springfield, MO 65807-5682

    • Retail properties & Spaces
    • 20,138 SF
    • 1.30 lot acres
    OFF-MARKET
    Last Sale
    Jan 09, 2023
    Value Estimations
    $1,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0705122
    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

    • Rage Fitness SouthWest / Gym & Fitness Center

    Property Details for 2404 Kingsley St

    Year built
    2006
    Lot size
    1.30 lot acres
    Property size
    20,138 SF
    Zone code
    INC
    Property type
    Retail properties & Spaces
    APN
    88-18-10-301-218
    APU
    881810301218

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,275,000
      Market price range: $1.17M - $3.14M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,940,000
      Current use
      RESTAURANT
      $2,255,000
      Change: +16% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,920,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3263
    Latitude
    37.1397
    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
    $30,506
    $130,590
    $347,970
    $478,560
    -
    $408,100
    $1,087,400
    $1,495,500

    Comparable in this City

    • Value Estimation by Request
      47,500 SF

      3003-3033 Kansas Expy

      Office Units • 47,500 SF
      3003-3033 Kansas Expy, Springfield, MO 65807
      View Details
    • Value Estimation by Request
      12.81 Acres

      1815 Battlefield St

      DEPARTMENT STORE • 12.81 Acres
      1815 Battlefield St, Springfield, MO 65807-4111
      View Details
    • Value Estimation by Request
      11,537 SF

      2208 Chesterfield St

      Office Units • 11,537 SF
      2208 Chesterfield St, Springfield, MO 65807
      View Details
    • Value Estimation by Request
      2.21 Acres

      2640 Campbell Ave

      DEPARTMENT STORE • 2.21 Acres
      2640 Campbell Ave, Springfield, MO 65807-3504
      View Details
    • Value Estimation by Request
      3,000 SF

      3845 Campbell Ave

      Retail properties & Spaces • 3,000 SF
      3845 Campbell Ave, Springfield, MO 65807
      View Details
    • Value Estimation
      $1,390,000
      20,700 SF

      3910 Campbell Ave

      DEPARTMENT STORE • 20,700 SF
      3910 Campbell Ave, Springfield, MO 65807-5302
      View Details

    Similar Nearby for Sale

    • $715,000
      5,248 SF

      Grant Ave Retail Center - Springfield, MO

      High-traffic retail building, newly renovated.
      1774 Grant Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      47,500 SF

      Retail/Office Complex on 5.66 Acres

      47,500 SF retail/office complex across from Hy-Vee.
      3003-3047 S Kansas Expy, Springfield, MO 65807
      View Details
    • Contact for pricing

      Commercial Lot in Wilson Creek

      Commercial lot in Battlefield, MO, ideal for various businesses.
      Marketplace Wilson Crk, Battlefield, MO 65807
      View Details
    • Contact for pricing
      2,740 SF

      Restaurant Building with Drive-Through

      2,740 SF retail/restaurant building for sale in Springfield.
      2058 S Glenstone Ave, Springfield, MO 65807
      View Details
    • Contact for pricing

      Prime Retail Pad Site

      Retail pad site with high visibility and traffic flow.
      1710 W Republic Rd, Springfield, MO 65807
      View Details
    • Contact for pricing
      8,928 SF

      West Sunshine Commercial Buildings For Sale

      Two commercial buildings on West Sunshine Street, sold together or separately.
      1036 W Sunshine St, Springfield, MO 65807
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Property on Campbell

      Versatile property suitable for retail, office, or redevelopment.
      4049 S Campbell Ave, Springfield, MO 65807
      View Details
    • $6,000 /Mo
      3,980 SF

      Springfield Executive Office Space

      High-traffic location, 3,980 sq ft available
      1701 Campbell Ave, Springfield, MO 65807
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Commercial land for lease in high-traffic Springfield location.
      1710 W Republic Rd, Springfield, MO 65807
      View Details
    • $3,000 /Mo

      Former Carry-Out Restaurant Space

      Former carry-out restaurant space near Parkview High School.
      1212 S Grant Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      22,215 SF

      Retail Space Available For Lease

      22,215 square feet of retail space for lease.
      1774 South Grant Ave, Springfield, MO 65807
      View Details
    • Contact for pricing

      Retail and Office Complex

      47,500 SF retail/office complex across from Hy-Vee.
      3003-3033 S Kansas Expy, Springfield, MO 65807
      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.
    2404 Kingsley St
    Springfield, MO 65807-5682
    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!