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    Property profile & analytics

    242 Republic Rd Springfield, MO 65807-6000

    • Community centers
    • 4,000 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Jun 13, 2024
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1010288
    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

    • Onyx & Ivory / Hair Salon

    Property Details for 242 Republic Rd

    Year built
    1997
    Lot size
    0.43 lot acres
    Property size
    4,000 SF
    Zone code
    INC
    Property type
    Community centers
    APN
    88-18-13-201-198
    APU
    881813201198

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $239,000
      Market price range: $96.6k - $249k

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2933
    Latitude
    37.1379
    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
    $10,118
    $61,060
    $97,660
    $158,720
    -
    $190,800
    $305,200
    $496,000

    Comparable in this City

    • Value Estimation
      $790,000
      95,552 SF

      2510 Campbell Ave

      MINI-MALL • 95,552 SF
      2510 Campbell Ave, Springfield, MO 65807-3502
      View Details
    • Value Estimation
      $395,000
      6,988 SF

      3305 Campbell Ave

      MINI-MALL • 6,988 SF
      3305 Campbell Ave, Springfield, MO 65807-7947
      View Details
    • Value Estimation
      $255,000
      2,400 SF

      1316 Sunshine St

      MINI-MALL • 2,400 SF
      1316 Sunshine St, Springfield, MO 65807-2345
      View Details
    • Value Estimation
      $865,000
      57,485 SF

      1601 Sunshine St

      MINI-MALL • 57,485 SF
      1601 Sunshine St, Springfield, MO 65807-2275
      View Details
    • Value Estimation
      $290,000
      5,282 SF

      1406 Sunshine St

      MINI-MALL • 5,282 SF
      1406 Sunshine St, Springfield, MO 65807-2636
      View Details
    • Value Estimation
      $300,000
      5,360 SF

      4140 National Ave

      MINI-MALL • 5,360 SF
      4140 National Ave, Springfield, MO 65807-5355
      View Details

    Similar Nearby for Sale

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      42 Acres, High-Growth Area, $2.7M
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      Kansas Station Shopping Center

      Springfield, MO Retail Investment Opportunity
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    • $6,100,000
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      Retail/Office Complex For Sale

      47,500 SF retail/office complex across from Hy-Vee.
      3037-3047 S Kansas Expy, Springfield, MO 65807
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    • Contact for pricing
      84,252 SF

      Retail Space Near Walmart

      Retail property adjacent to Walmart Supercenter with high traffic.
      3303 S Campbell Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      4,800 SF

      Retail Center in South Springfield

      Retail center with excellent street frontage and freeway exposure.
      210 W Republic Rd, Springfield, MO 65807
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    • Contact for pricing
      45,460 SF

      Premier Springfield Shopping Center

      Upscale shopping center in high-traffic Springfield location.
      900 E Battlefield St, Springfield, MO 65807
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    Similar Nearby for Lease

    • $12 SF/Yr
      13,440 SF

      Retail Space on Kimbrough Available

      Retail space for lease in high-traffic Springfield location.
      3046 S Kimbrough Ave, Springfield, MO 65807
      View Details
    • $360 /Mo
      385,679 SF

      Sunshine Towne Center: Retail Opportunity

      Springfield, MO Retail Center - Two Spaces Available
      3444 Sunshine St, Springfield, MO 65807
      View Details
    • Contact for pricing
      62,861 SF

      Springfield Retail Center Opportunity

      High-traffic retail space, Springfield, MO
      3850 Campbell Ave, Springfield, MO 65807
      View Details
    • $9 SF/Yr
      46,516 SF

      Renovated Retail Spaces on Campbell

      Two newly renovated retail spaces available in high-traffic Springfield center.
      2726-2808 S Campbell Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      42,000 SF

      Prime Retail Space Available

      High-visibility retail space near popular attractions and anchor tenants.
      1730 S Campbell Ave, Springfield, MO 65807
      View Details
    • $25 SF/Yr
      20,790 SF

      Retail Space on Sunshine Street

      Retail space available in high-traffic Springfield Plaza.
      3530 W Sunshine St, Springfield, MO 65807
      View Details
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    242 Republic Rd
    Springfield, MO 65807-6000
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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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