Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3040 Republic Rd Springfield, MO 65807-3924

    • Warehouses
    • 56,065 SF
    • 3.76 lot acres
    OFF-MARKET
    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0478008
    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.

    Current Use by Public Records

    • Shelter Insurance / Insurance Agency / Auto Insurance Agency
    • Rose Beauty / Make-Up Artist / Beauty Salon
    • Shelter Insurance - Theo Atchison / Insurance Agency / Auto Insurance Agency
    • Rejuvenated Esthetics / Skin Care Clinic
    • My Storage / Self-Storage Facility / Boat Storage Facility

    Property Details for 3040 Republic Rd

    Year built
    1986
    Lot size
    3.76 lot acres
    Property size
    56,065 SF
    Zone code
    C-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    88-18-16-104-062
    APU
    881816104062

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $909,000
      Market price range: $910k - $1.51M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,185,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.3403
    Latitude
    37.1373
    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
    $34,427
    $335,810
    $189,890
    $525,700
    -
    $1,049,400
    $593,400
    $1,642,800

    Comparable in this City

    • Value Estimation
      $670,000
      25,040 SF

      3150 Campbell Ave

      MINI-WAREHOUSE, STORAGE • 25,040 SF
      3150 Campbell Ave, Springfield, MO 65807-4911
      View Details
    • Value Estimation by Request
      21,200 SF

      917 Sunshine St

      MINI-WAREHOUSE, STORAGE • 21,200 SF
      917 Sunshine St, Springfield, MO 65807-2443
      View Details
    • Value Estimation by Request
      8.32 Acres

      1605 Erie St

      MINI-WAREHOUSE, STORAGE • 8.32 Acres
      1605 Erie St, Springfield, MO 65807
      View Details
    • Value Estimation
      $1,025,000
      67,920 SF

      1730 Erie St

      MINI-WAREHOUSE, STORAGE • 67,920 SF
      1730 Erie St, Springfield, MO 65807-5764
      View Details
    • Value Estimation by Request
      15,300 SF

      3120 Scenic Ave

      MINI-WAREHOUSE, STORAGE • 15,300 SF
      3120 Scenic Ave, Springfield, MO 65807-3926
      View Details
    • Value Estimation
      $880,000
      57,109 SF

      2045 Sunset St

      MINI-WAREHOUSE, STORAGE • 57,109 SF
      2045 Sunset St, Springfield, MO 65807-5905
      View Details

    Similar Nearby for Sale

    • $800,000
      4.97 Acres

      Springfield Industrial Land - 4.97 Acres

      Prime industrial land, southwest Springfield, MO.
      0 Golden Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      84,252 SF

      Prime Springfield Retail Storefront

      High-traffic retail space, excellent visibility.
      3303 Campbell Ave, Springfield, MO 65807
      View Details
    • $987,532

      Springfield Commercial Land - 2.8 Acres

      Prime Springfield location, C-1 zoning, development opportunity.
      3963 Republic St, Springfield, MO 65807
      View Details
    • $745,000
      1.37 Acres

      Springfield Commercial Land

      1.37 Acres, Office Zoning, High Visibility
      828 Battlefield Rd, Springfield, MO 65807
      View Details
    • $895,000
      8,928 SF

      West Sunshine Commercial Buildings For Sale

      Two commercial buildings on West Sunshine Street available for sale.
      1036 West Sunshine St, Springfield, MO 65807
      View Details
    • Contact for pricing
      59 SF

      West Springfield Lots For Sale

      Lots available in West Springfield near national retail tenants.
      3900 West Sunshine St, Springfield, MO 65807
      View Details

    Similar Nearby for Lease

    • $42,000
      165,528 SF

      Retail, Office, Warehouse Space Available

      Versatile space suitable for retail, office, or warehousing in Springfield.
      500 W Battlefield Rd Unit, Springfield, MO 65807
      View Details
    • $6 SF/Yr
      9,000 SF

      Springfield Warehouse - 9,000 SF

      Industrial warehouse space for lease; flexible layouts.
      3251 Scenic Ave, Springfield, MO 65807
      View Details
    • $1,500 /Mo
      6,000 SF

      Industrial Warehouse Space Available

      6,000 SF warehouse space for lease in Springfield, MO.
      3249-3251 S Scenic Ave, Springfield, MO 65807
      View Details
    • New
      $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
    • $10 SF/Yr
      1,500 SF

      Office/Flex Space Sublease Available

      1,500 SF office/flex space for sublease until July 2026.
      3302 S National Ave, Springfield, MO 65807
      View Details
    • $10 SF/Yr
      47,500 SF

      Kansas Station: Office & Retail Space

      Springfield, MO Office Suites Available Now
      3003-3033 Kansas Expy, Springfield, MO 65807
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3040 Republic Rd
    Springfield, MO 65807-3924
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.