Property profile

3014 Howard Ave Springfield, MO 65803

OFF-MARKET
Land
Property ID
US48-0728915
2 ac lot
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Property summary

AI-generated overview

This exceptional 2-acre parcel presents a compelling development opportunity in Springfield, Missouri. Located at the northeast corner of Norton Road and Howard Avenue, this property boasts excellent visibility and accessibility. Currently zoned R-SF (Residential-Single Family), the land offers significant potential for residential development. The surrounding area features a mix of single-family and multi-family residential properties, indicating strong market demand and established neighborhood character. The asking price has been reduced, making this an even more attractive investment. While existing structures are present, no value has been assigned to them, allowing for flexible development plans. The property's 2-acre size provides ample space for a variety of residential projects, catering to diverse housing needs. Its strategic location at a major intersection ensures high traffic volume and prominent exposure, enhancing the potential for successful development. This is a rare opportunity to acquire a sizable residential lot in a desirable Springfield neighborhood. The property is situated in Greene County, Missouri, with a Springfield, MO 65803 zip code. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 2 ac (87,120 SF)
UPID US48-0728915

Cap rate & NOI

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

Location

3014 Howard Ave Springfield, MO 65803
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

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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