Property profile

3000 Chestnut Expy Springfield, MO 65802

OFF-MARKET
Office buildings
Property ID
US48-0563235
19,283 SF 1.52 ac lot Built 1987
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office space, located at 3000 E Chestnut Expressway in Springfield, Missouri, 65802, offers a total of 1,860 square feet currently available for lease. The space is situated within the highly visible KTXR Building at the corner of E Chestnut Expressway and E Cairo Street, benefiting from significant traffic flow. The available space is comprised of multiple suites, with a maximum contiguous space of 1,000 square feet. One example suite (Suite B) includes a lobby area, up to three private offices, a large conference room, a private restroom, and a breakroom. This is a traditional office space ideal for a variety of businesses. Lease rates are gross, encompassing taxes, insurance, and common area maintenance (CAM) charges. Tenants are solely responsible for their individual utility expenses. The property's strategic location and well-appointed office suites make it an attractive opportunity for businesses seeking a prominent presence in Springfield, Missouri. This is a rare opportunity to secure office space in a high-traffic area with excellent visibility. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 19,283 SF
Lot 1.52 ac (66,298 SF)
Zoning code INC
APN 88-12-21-102-035
UPID US48-0563235

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
  • Insurance Agency
  • Radio Station Telecommunications Service
  • Radio Station Telecommunications Service
  • Radio Station Telecommunications Service
  • Radio Station Telecommunications Service

Location

3000 Chestnut Expy Springfield, MO 65802-2528
Springfield metro Census 2300 SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$460k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2020
Price N/A
2020
Price N/A
2020
Price N/A
2020
Price N/A
2020
Price N/A
2018
Price N/A

Zoning & alternative use

INC · Springfield, MO
Top alternative use upside
Commercial (general) $2.1M +39.1%
Restaurant $2.0M +31.3%
Auto repair, garage $1.6M +4.0%

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
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