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    2605 Village Ln Springfield, MO 65807
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    Property profile & analytics

    2605 Village Ln, Springfield, MO 65807

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    • Residential income homes
    • 24,723 SF
    Off-Market
    Property ID
    US48-0237602
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 2605 Village Ln

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a 24-unit multifamily portfolio located in Springfield, Missouri, at 2605 W Village Ln, zip code 65807. The portfolio comprises 21 single-family homes and one triplex, totaling 24,723 square feet. Currently boasting 74% occupancy, this Class C property offers significant potential for growth. The asking price is $2,287,500, translating to $92.53 per square foot and $95,312.50 per unit. Built over multiple years, the property is not subject to a ground lease. The diverse mix of housing types within this portfolio provides a resilient rental income stream. Investors will find ample opportunity to increase profitability through strategic renovations and property management enhancements, capitalizing on the thriving Springfield rental market. This is an ideal acquisition for investors seeking to expand their holdings or build a substantial portfolio in a stable and growing market. The property's location in Greene County provides convenient access to local amenities and transportation networks. This is a rare opportunity to acquire a well-positioned, income-generating asset with considerable upside potential. Don't miss this chance to secure a significant stake in the Springfield real estate market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3301167
    Latitude
    37.1509478

    Comparable in this City

    • $230,000
      Pending

      Springfield Duplex: Investment Opportunity

      Desirable duplex in Springfield with tenant in place.
      829 W Edgewood St, Springfield, MO 65807
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    • $600,000
      6.99 Acres

      Prime Land Tract Available

      7+/- acre tract ideal for various commercial developments.
      3350 S Kauffman Rd, Springfield, MO 65807
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    • New
      $240,000
      Pending

      Springfield Duplex with Fenced Yard

      South Springfield duplex with garages, patios, and fenced backyard.
      3404 W Sylvania St, Springfield, MO 65807
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    • New
      $229,900
      Pending

      Springfield Duplex Patio Home

      Southwest Springfield duplex with brick construction and modern upgrades.
      1446 W Sackett St, Springfield, MO 65807
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    • $225,000

      Versatile Commercial Space on Campbell

      Commercial space in high-traffic retail corridor, suitable for owner-user.
      1700 South Campbell Ave, Springfield, MO 65807
      View Details
    • Contact for pricing

      West Springfield Lots For Sale

      Lots available in West Springfield near national retail tenants.
      3900 West Sunshine St, Springfield, MO 65807
      View Details

    Similar Nearby for Sale

    • $230,000
      Pending

      Springfield Duplex: Investment Opportunity

      Desirable duplex in Springfield with tenant in place.
      829 W Edgewood St, Springfield, MO 65807
      View Details
    • $600,000
      6.99 Acres

      Prime Land Tract Available

      7+/- acre tract ideal for various commercial developments.
      3350 S Kauffman Rd, Springfield, MO 65807
      View Details
    • New
      $240,000
      Pending

      Springfield Duplex with Fenced Yard

      South Springfield duplex with garages, patios, and fenced backyard.
      3404 W Sylvania St, Springfield, MO 65807
      View Details
    • New
      $229,900
      Pending

      Springfield Duplex Patio Home

      Southwest Springfield duplex with brick construction and modern upgrades.
      1446 W Sackett St, Springfield, MO 65807
      View Details
    • $225,000

      Versatile Commercial Space on Campbell

      Commercial space in high-traffic retail corridor, suitable for owner-user.
      1700 South Campbell Ave, Springfield, MO 65807
      View Details
    • Contact for pricing

      West Springfield Lots For Sale

      Lots available in West Springfield near national retail tenants.
      3900 West Sunshine St, Springfield, MO 65807
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space on Jefferson

      High-visibility retail space with ample parking and easy access.
      1525-1585 S Jefferson Ave, Springfield, MO 65807
      View Details
    • Contact for pricing

      High Visibility Retail Space

      2,800 SF retail space available for lease.
      2244 S Campbell Ave, Springfield, MO 65807
      View Details
    • $19 SF/Yr

      Class A Office Space Available

      Class A office spaces for lease in Springfield Medical Mile.
      3100 South National Ave, Springfield, MO 65807
      View Details
    • Contact for pricing

      Prime Retail Space Available

      High-visibility retail space near popular attractions and anchor tenants.
      1730 S Campbell Ave, Springfield, MO 65807
      View Details
    • Contact for pricing

      Commercial Pad-Site For Rent

      Commercial pad-site with high visibility and easy access.
      3850 S Campbell Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      1,500 SF

      Retail Pad-Site For Rent

      Retail space available for rent, approximately 1,500 square feet.
      1730-1732 S Campbell Ave, Springfield, MO 65807
      View Details
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    2605 Village Ln
    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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