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    2860 Austin Ave Springfield, MO 65807-4177
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    Property profile & analytics

    2860 Austin Ave, Springfield, MO 65807-4177

    View on Map
    • Warehouses
    • 60,988 SF
    • 3.03 lot acres
    Off-Market
    Last Sale Jun 4, 2021
    Property ID
    US48-3225599
    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
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HERRMAN Install Sales Lumber Co. / Big Box & Wholesale Store / Building Supply

    Property Details for 2860 Austin Ave

    Year built
    1979
    Lot size
    3.03 lot acres
    Zone code
    INC
    Property type
    Warehouses
    APN
    88-18-03-101-004
    APU
    881803101004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 4, 2021 — Herrman Realty Company Ebfab Springfield LLC Warranty Deed $1.7M · Commerce Bank
    Jan 11, 2010 — Ebfab-springfield LLC Ebfab LLC Quit Claim Deed —
    Jan 2, 2007 — Minwood LLC Jpf Dev Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $720,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,029,000
      Market price range: $990k - $1.65M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,285,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3207
    Latitude
    37.1622
    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
    $45,930
    $149,570
    $570,940
    $720,510
    -
    $467,400
    $1,784,200
    $2,251,600

    Comparable in this City

    • Value Estimation
      $2,855,000
      312,092 SF

      2102 Battlefield St

      WAREHOUSE, STORAGE
      2102 Battlefield St, Springfield, MO 65807-4181
      View Details
    • Value Estimation
      $4,040,000
      130,618 SF

      2415 Battlefield St

      WAREHOUSE, STORAGE
      2415 Battlefield St, Springfield, MO 65807-4005
      View Details
    • Value Estimation
      $1,450,000
      132,065 SF

      2335 Kingsley St

      MINI-WAREHOUSE, STORAGE
      2335 Kingsley St, Springfield, MO 65807-5572
      View Details
    • Value Estimation
      $755,000
      40,687 SF

      2855 Austin Ave

      WAREHOUSE, STORAGE
      2855 Austin Ave, Springfield, MO 65807-4164
      View Details
    • Value Estimation by Request
      12,900 SF

      500 Battlefield St

      WAREHOUSE, STORAGE
      500 Battlefield St, Springfield, MO 65807-4122
      View Details
    • Value Estimation
      $505,000
      26,102 SF

      3194 Campbell Ave

      MINI-WAREHOUSE, STORAGE
      3194 Campbell Ave, Springfield, MO 65807-4911
      View Details

    Similar Nearby for Sale

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      6.99 Acres

      Prime Land Tract Available

      7+/- acre tract ideal for various commercial developments.
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    • $225,000

      Versatile Commercial Space on Campbell

      Commercial space in high-traffic retail corridor, suitable for owner-user.
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      West Springfield Lots For Sale

      Lots available in West Springfield near national retail tenants.
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    • $795,000

      West Sunshine Commercial Buildings For Sale

      Two commercial buildings on West Sunshine Street available for sale.
      1036 West Sunshine, Springfield, MO 65807
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    • Contact for pricing

      Land Parcel in Springfield, MO

      2.808-acre commercial land parcel in southeast Springfield.
      3963 W Republic St, Springfield, MO 65807
      View Details
    • Contact for pricing

      Land Parcel in Springfield Available

      2.808 acre commercial land parcel for sale.
      3963 W Republic St, Springfield, MO 65807
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Office/Warehouse/Storage Space Available

      2,100 SF office/warehouse/storage space with HVAC for lease.
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      View Details
    • Contact for pricing
      1,000 SF

      New Flex Space Available

      Recently built flex space for lease in Springfield, Missouri.
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      View Details
    • New
      Contact for pricing
      5,905 SF

      Climate-Controlled Warehouse with Two Dock Doors

      Fully climate-controlled industrial space with two dock doors and dedicated office area for efficient operations.
      1943 W Sunset St, Springfield, MO 65807
      View Details
    • $42,000
      165,528 SF

      Retail, Office, Warehouse Space Available

      Versatile space suitable for retail, office, or warehousing in Springfield.
      500 W Battlefield Rd, Springfield, MO 65807
      View Details
    • $10 SF/Yr

      Office/Flex Space Sublease Available

      1,500 SF office/flex space for sublease until July 2026.
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      View Details
    • $54,000
      12,197 SF

      High-Visibility Commercial Space Available

      Flexible commercial space on South Campbell Avenue, ideal for various businesses.
      3202 S Campbell Ave, Springfield, MO 65807
      View Details
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    Springfield, MO 65807-4177
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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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