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Property profile & analytics
FOR LEASE
Grocery and convenience stores
2900 E Sunshine St Springfield, MO 65804
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0988646
For Lease
1 / 13
$18 SF/Yr
2900 E Sunshine St, Springfield, MO 65804
View Listing →
Property summary
AI-generated overview
This premier, Class A, 81,135 square foot retail and office center, located at 2900 E Sunshine St, Springfield, MO 65804, boasts 30 suites and ample parking (800 spaces, 7.07 ratio). Built in 1961 and extensively renovated in 2023, the single-story building sits on 8.6 acres of land zoned for general retail. The property offers multiple tenancy options, with spaces ranging from 995 to 9,747 contiguous square feet
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1961
Total area
44,036 SF
Lot
3.62 ac (157,687 SF)
Zoning code
INC
APN
88-12-33-201-003
UPID
US48-0988646
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Job Corps Admisisons Springfield Training Center
-
Missouri Job Center - Ozark Region Business Service Center Employment Agency
-
Equus Workforce Solutions Springfield Missouri General Contractor
-
ATM Atm
-
Central Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.04M
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.32M
Owner & transaction history
Southern Holls Plaza LLC · 4 yrs held
Southern Holls Plaza LLC
since 2022
6 recorded transactions
Zoning & alternative use
INC · Springfield, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+6.7%
Office building
$4.2M
+3.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,460,000
6.5%
$5,040,000
7%
$4,680,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,030,000
Current use
RESTAURANT
$4,300,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$4,185,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$3,400,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.89M – $4.75M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$71,531
Tax year 2023
Assessed value
$1,122,120
Assessed 2023
Previous assessed
$1,122,120
+0.0% YoY
Effective rate
6.37%
On assessed value
Assessed land
$180,740
Assessed improvement
$941,380
Land market value
$564,800
Improvement market value
$2,941,800
Total market value
$3,506,600
Applied tax rate
105.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1961
Heating
NONE
Total area
44,036 SF
Lot
3.62 ac (157,687 SF)
Zoning code
INC
APN
88-12-33-201-003
UPID
US48-0988646
Jurisdiction
GREENE
Zoning & alternative use
INC · Springfield, MO
Zoning INC · permitted uses
INC · Springfield, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.0M
RESTAURANT
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Lot
3.62 ac
Current owner
From public records · entity-resolved
Southern Holls Plaza LLC
Entity
Mailing address
2870 S INGRAM ML RD, SPRINGFIELD, MO 65804-4382
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
—
Southern Holls Plaza LLC
—
Deed
related
$1,519,000 · Encore Bank NA
Aug 18, 2017
—
Southern Hills Plaza LLC
—
Deed
related
$592,723 · Arvest Mtg
Mar 21, 2012
—
Southern Hills Plaza LLC
—
Trustees Deed
related
$2,765,636 · Southern Bk/commerce
Sep 22, 2006
—
Wheeler Ents INC
—
Trustees Deed
related
$1,457,750 · Metropolitan National Bank
—
—
Wheeler Ents INC
—
Deed Of Trust
related
$1,081,600 · Regions Bank
—
—
Southern Hills Plaza LLC
—
Deed Of Trust
related
$592,723 · Arvest Mtg
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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