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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2424 Campbell Ave Springfield, MO 65807

    • Commercial real estate
    • 16,671 SF
    • 2.28 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0471794
    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

    • Anem Pet Clinic / Veterinary Clinic
    • Animal Care Center / Veterinary Clinic
    • Classic Home Concepts / General Contractor / Renovation Specialist

    Property Details for 2424 Campbell Ave

    Year built
    2004
    Lot size
    2.28 lot acres
    Property size
    16,671 SF
    Zone code
    INC
    Property type
    Commercial real estate
    APN
    88-13-36-305-131
    APU
    881336305131

    Description

    This exceptional 2,000 square foot retail space, located on South Campbell, presents a fantastic opportunity for a single-tenant business. The property boasts an open floor plan, providing maximum flexibility for any retail concept. Ideal for a variety of service-oriented businesses, this space is ready for immediate occupancy. The landlord is committed to providing a high-quality tenant experience and will install key improvements prior to lease commencement. These improvements include the installation of energy-efficient 2' x 4' LED light fixtures throughout the space, ensuring optimal illumination and reduced energy costs. Furthermore, an acoustical ceiling grid and tiles will be provided, enhancing the aesthetic appeal and sound quality of the space. A conveniently located restroom is also included. The property is situated in Greene County, offering excellent access to local amenities and a strong customer base. This is a turnkey solution for businesses seeking a move-in ready space with modern features and a prime location. The open floor plan allows for creative layout options to suit specific business needs. Don't miss this chance to secure a highly desirable retail space in a thriving area. Inquire today to learn more about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,080,000
      6.5%
      $1,920,000
      7%
      $1,780,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,247,000
      Market price range: $461k - $3.07M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,590,000
      Current use
      OFFICE BUILDING
      $1,955,000
      Change: +23% Conversion: Easy
      RESTAURANT
      $1,865,000
      Change: +17% Conversion: Difficult
      RETAIL STORES
      $1,605,000
      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
    -93.2944
    Latitude
    37.1704
    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
    $36,764
    $282,270
    $294,460
    $576,730
    -
    $882,100
    $920,200
    $1,802,300

    Comparable in this City

    • Value Estimation by Request

      3963 Republic St

      Land
      3963 Republic St, Springfield, MO 65807
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      6.99 Acres

      3350 Kauffman Rd

      Land • 6.99 Acres
      3350 Kauffman Rd, Springfield, MO 65807
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    • Value Estimation by Request
      1.02 Acres

      3600 Block St

      Land • 1.02 Acres
      3600 Block St, Springfield, MO 65807
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    • Value Estimation by Request
      5.66 Acres

      Battlefield Rd

      COMMERCIAL (GENERAL) • 5.66 Acres
      Battlefield Rd, Springfield, MO 65807
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    • Value Estimation by Request
      5.44 Acres

      Ss Ft Ave

      COMMERCIAL (GENERAL) • 5.44 Acres
      Ss Ft Ave, Springfield, MO 65807
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    • Value Estimation by Request
      4.00 Acres

      3230 Sunshine St

      COMMERCIAL (GENERAL) • 4.00 Acres
      3230 Sunshine St, Springfield, MO 65807-1048
      View Details

    Similar Nearby for Sale

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      Springfield Development Tract

      7+ Acres, Prime Location, High Visibility
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    • $450,000
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      Sunshine Street Commercial Land

      Prime Springfield, MO commercial lot.
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    Similar Nearby for Lease

    • $10 SF/Yr
      47,500 SF

      Kansas Station: Office & Retail Space

      Springfield, MO Office Suites Available Now
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    • $12 SF/Yr
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    • Contact for pricing
      69,696 SF

      South Campbell Commercial Land

      1.6-acre Springfield, MO land, lease or build-to-suit.
      4049 Campbell Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      150,000 SF

      West Springfield Retail Space Available

      Retail space for lease near Walmart Super Center.
      3600 West Sunshine St, Springfield, MO 65807
      View Details
    • $14 SF/Yr
      1 SF

      South Springfield Retail Center

      New retail center with restaurant, retail, and office spaces available.
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    • $13 SF/Yr
      3,600 SF

      Retail Space For Lease

      Retail spaces available from 1,500 to 3,600 SF.
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      View Details
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    2424 Campbell Ave
    Springfield, MO 65807
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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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