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    2720 Glenstone Ave Springfield, MO 65803-4742
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    Property profile & analytics

    2720 Glenstone Ave, Springfield, MO 65803-4742

    View on Map
    • Hotels
    • 143,774 SF
    • 5.85 lot acres
    Off-Market
    Last Sale Mar 12, 2025
    Property ID
    US48-3382081
    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
    $1,830,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bon Bon's Candy House / Specialty Food Shop / Candy Store
    • TERRACE LOUNGE / Bar & Pub
    • Holiday Inn & Suites Springfield - I-44, an IHG Hotel / Hotel & Motel

    Property Details for 2720 Glenstone Ave

    Year built
    1987
    Lot size
    5.85 lot acres
    Zone code
    INC
    Property type
    Hotels
    APN
    88-12-05-301-071
    APU
    881205301071

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 12, 2025 — Amplify Hotels Group INC Springfield Hospitality INC Special Warranty Deed $7.6M · Bank Of Montreal
    Sep 28, 2018 — Springfield Hospitality INC — Deed · related $3.5M · Pacific Premier Bk
    Aug 17, 2018 — Kim A Kaufman Jdhq Land Holdin LLC Warranty Deed · related —
    Jul 12, 2018 — Jdhq Land Holding LLC Hammons John Q Trust Grant Deed · related —
    Jun 15, 2018 — Jdhq Land Holding LLC Hammons John Q Trust Grant Deed · related —
    May 31, 2018 — Jdhq Land Holding LLC Hammons John Q Trust Grant Deed · related —
    Oct 18, 2005 — Atrium Finance IV John Q Hammons Hotels Warranty Deed —
    — — Springfield Hospitality INC — Deed Of Trust · related $3.5M · Pacific Premier Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,450,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2593
    Latitude
    37.246
    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
    $197,160
    $280,770
    $2,812,130
    $3,092,900
    -
    $877,400
    $8,787,900
    $9,665,300

    Comparable in this City

    • Value Estimation by Request
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      56,586 SF

      3550 Evergreen St

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    • Value Estimation by Request
      15,324 SF

      2555 Glenstone Ave

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      5.47 Acres

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      1661 Kearney St, Springfield, MO 65803-4735
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    • Value Estimation by Request
      4.62 Acres

      2756 Glenstone Ave

      HOTEL
      2756 Glenstone Ave, Springfield, MO 65803-4742
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    • Value Estimation
      $1,030,000
      55,568 SF

      2445 Airport Plz Ave

      HOTEL
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      View Details

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      4,512 SF office/warehouse building for sale near Kearney & I-44.
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      Glenstone Commercial Land For Sale

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      Free Standing Building on Kearney

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      Land Available For Sale

      Land available for sale in Springfield, Missouri.
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      I-44 Frontage Office Building

      Four-story office building with suites available along I-44.
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    Similar Nearby for Lease

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      Retail/Office Space in Springfield, MO

      500 SQFT retail or office space available June 1st.
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      Springfield Flex Space with Bays

      Flex space with drive-in bays and highway access.
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      30,000 SF

      Industrial BTS Property in Springfield

      Industrial build-to-suit property with 32' eaves and multiple doors.
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      Retail Space Near Walmart

      Retail space with high visibility and ample parking available for lease.
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      1,500 SF

      Retail/Office Space For Lease

      1,500 SF retail/office space available for lease.
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    • $30 SF/Yr

      Retail Storefront with 18 Parking Spaces

      Retail storefront for lease with 18 dedicated parking spaces and visibility alongside major commuting access.
      2623 N Kansas Expy, Springfield, MO 65803
      View Details
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    Springfield, MO 65803-4742
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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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