Property profile

2939 E Kearney St Springfield, MO 65803

FOR SALE
Commercial real estate
Property ID
US48-0486049
8.36 ac lot Built 1900
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 8.36-acre commercial land parcel presents a remarkable investment opportunity in Springfield, Missouri. Located at the highly visible northeast corner of E. Kearney Street and Packer Road, this hard corner property boasts approximately 375 feet of frontage on E. Kearney and over 900 feet of frontage on Packer Road. The intersection is fully lighted, ensuring excellent visibility for any commercial development. Utilities are readily accessible, with sewer located on the east side of Packer Road and gas, water, and electric running along the north side of Kearney Street. This strategic location offers convenient access to major transportation arteries, including the Highway 65 and Kearney Street interchange (half a mile west) and Interstate 44 to the north. The property's Commercial Services zoning allows for a wide range of development possibilities. Furthermore, there is an additional 26+ acres available for purchase immediately west of this parcel, presenting potential for expansion or synergistic development. This is a rare opportunity to acquire a significant commercial land holding in a high-growth area of Springfield. The asking price is $2,750,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Lot 8.36 ac (364,162 SF)
Zoning code INC
APN 88-12-04-301-028
UPID US48-0486049

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Park
  • Trade Show Venue (Bike/Boat/Book/etc) Store

Location

2939 E Kearney St Springfield, MO 65803
Springfield metro Census 2200 SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
1969
Price N/A

Zoning & alternative use

INC · Springfield, MO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message