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    2810 Neergard Ave Springfield, MO 65803
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    Property profile & analytics

    2810 Neergard Ave Springfield, MO 65803

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    • Commercial real estate
    • 2.40 lot acres
    Off-Market
    Property ID
    US48-0719315
    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

    • Commercial real estate

    Property Details for 2810 Neergard Ave

    Lot size
    2.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.4-acre industrial land parcel is strategically located at 2810 N Neergard in Springfield, Missouri, within Greene County (zip code 65803). Zoned for General Manufacturing, this property offers significant potential for various industrial uses. Its prime location near established industrial parks in Northeast Springfield provides easy access to US 65, facilitating efficient transportation throughout Southwest Missouri. The asking price is $365,904, translating to a land value of $152,460 per acre. This represents a compelling investment opportunity given the property's size, zoning, and strategic location. The coordinates are 37.2462574 latitude and -93.2425908 longitude. This property is ideal for businesses seeking a well-situated and readily accessible location for their operations in a thriving industrial area. The property's proximity to major transportation routes ensures seamless logistics and connectivity to regional markets. Serious inquiries are encouraged to explore the possibilities this exceptional industrial land parcel presents.

    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
    -93.2425908
    Latitude
    37.2462574

    Comparable in this City

    • $950,000
      19.90 Acres

      Springfield Land with Redevelopment Potential

      19.9 acres in Springfield, MO, with existing structures.
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    • $550,000
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      Springfield Industrial Property - Prime Location

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      909 Commercial St, Springfield, MO 65803
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    • New
      $800,000
      0.82 Acres

      Prime Industrial Opportunity in Springfield

      Versatile industrial property with warehouse and renovated office space.
      2752 E Kearney St, Springfield, MO 65803
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    • $275,000
      Pending

      Springfield Warehouse with Highway Access

      5,000 SF warehouse with convenient highway access in Springfield.
      1830 N Nias Ave, Springfield, MO 65803
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    • $274,900
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      Versatile Commercial Property on Kearney

      Two buildings on high-traffic Kearney Street, ideal for diverse businesses.
      419 W Kearney St, Springfield, MO 65803
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    • $265,000
      2,584 SF

      Free Standing Building on Kearney

      2,584 SF building on W Kearney in Springfield, Missouri.
      521 W Kearney St, Springfield, MO 65803
      View Details

    Similar Nearby for Sale

    • $950,000
      19.90 Acres

      Springfield Land with Redevelopment Potential

      19.9 acres in Springfield, MO, with existing structures.
      2600 N Benton Ave, Springfield, MO 65803
      View Details
    • $550,000
      10,712 SF

      Springfield Industrial Property - Prime Location

      Spacious industrial building, updated, fenced yard.
      909 Commercial St, Springfield, MO 65803
      View Details
    • New
      $800,000
      0.82 Acres

      Prime Industrial Opportunity in Springfield

      Versatile industrial property with warehouse and renovated office space.
      2752 E Kearney St, Springfield, MO 65803
      View Details
    • $275,000
      Pending

      Springfield Warehouse with Highway Access

      5,000 SF warehouse with convenient highway access in Springfield.
      1830 N Nias Ave, Springfield, MO 65803
      View Details
    • $274,900
      2,920 SF

      Versatile Commercial Property on Kearney

      Two buildings on high-traffic Kearney Street, ideal for diverse businesses.
      419 W Kearney St, Springfield, MO 65803
      View Details
    • $265,000
      2,584 SF

      Free Standing Building on Kearney

      2,584 SF building on W Kearney in Springfield, Missouri.
      521 W Kearney St, Springfield, MO 65803
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr

      Springfield Pad Site For Lease

      Pad site with high visibility and easy highway access.
      2738 E Kearney St, Springfield, MO 65803
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    • Contact for pricing

      Springfield Underground Warehouse Space Available

      103,000 SF warehouse space for lease in Springfield, Missouri.
      3610 E Kearney St, Springfield, MO 65803
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    • $16,000 /Mo
      56,192 SF

      Warehouse Space in Springfield, MO

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      1867 E Florida St, Springfield, MO 65803
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    • $9,000 /Mo
      44,431 SF

      Springfield Warehouse with Drive-Through Access

      2,100 SF warehouse space with drive-through capability for lease.
      1745 E Atlantic St, Springfield, MO 65803
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    • Contact for pricing

      Retail/Warehouse Building on Kearney

      3,167 SF retail/warehouse building for lease on Kearney Street.
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    • $18 SF/Yr

      Springfield Flex Space with Bays

      Flex space with drive-in bays and highway access.
      2710 E Kearney St, Springfield, MO 65803
      View Details
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    Springfield, MO 65803
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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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    2810 Neergard Ave, Springfield, MO, 65803
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