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    3046 S Kimbrough Ave Springfield, MO 65807

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    3046 S Kimbrough Ave Springfield, MO 65807

    View on Map
    • Community centers
    • 13,440 SF
    • 1.82 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Retail Space on Kimbrough Available For Lease
    $12 SF/Yr
    13,440 SF

    Retail Space on Kimbrough Available

    Retail space for lease in high-traffic Springfield location.

    3046 S. Kimbrough, Springfield, MO 65807
    View Listing
    Property ID
    US48-0707035
    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.
    Value Estimations
    $620,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • B-Sew Inn / (Bike/Boat/Book/etc) Store
    • Umi Japanese Restaurant / Restaurant
    • Karma Salon / Hair Salon
    • B Sew Inn / Department Store
    • Love Is In The Hair 5280 / Hair Salon

    Property Details for 3046 S Kimbrough Ave

    Year built
    2006
    Lot size
    1.82 lot acres
    Property size
    13,440 SF
    Zone code
    INC
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    88-18-01-406-120
    APU
    881801406120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $759,000
      Market price range: $324k - $838k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $585,000
      Current use
      AUTO REPAIR, GARAGE
      $980,000
      Change: +67% Conversion: Difficult
      MEDICAL BUILDING
      $950,000
      Change: +62% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2849
    Latitude
    37.1583
    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
    $32,094
    $182,400
    $321,060
    $503,460
    -
    $570,000
    $1,003,300
    $1,573,300

    Comparable in this City

    • Value Estimation
      $1,730,000
      95,552 SF

      2510 Campbell Ave

      MINI-MALL • 95,552 SF
      2510 Campbell Ave, Springfield, MO 65807-3502
      View Details
    • Value Estimation by Request
      6,988 SF

      3305 Campbell Ave

      MINI-MALL • 6,988 SF
      3305 Campbell Ave, Springfield, MO 65807-7947
      View Details
    • Value Estimation by Request
      2,400 SF

      1316 Sunshine St

      MINI-MALL • 2,400 SF
      1316 Sunshine St, Springfield, MO 65807-2345
      View Details
    • Value Estimation
      $1,400,000
      57,485 SF

      1601 Sunshine St

      MINI-MALL • 57,485 SF
      1601 Sunshine St, Springfield, MO 65807-2275
      View Details
    • Value Estimation by Request
      5,282 SF

      1406 Sunshine St

      MINI-MALL • 5,282 SF
      1406 Sunshine St, Springfield, MO 65807-2636
      View Details
    • Value Estimation by Request
      3.87 Acres

      2100 Republic Rd

      MINI-MALL • 3.87 Acres
      2100 Republic Rd, Springfield, MO 65807-5728
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,000 SF

      Retail Space in Parkcrest Center

      Retail space in busy shopping center, high-traffic location.
      3853 S Campbell Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      84,252 SF

      Retail Space Near Walmart

      Retail property adjacent to Walmart Supercenter with high traffic.
      3303 S Campbell Ave, Springfield, MO 65807
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      Premier Springfield Shopping Center

      Upscale shopping center in high-traffic Springfield location.
      900 E Battlefield, Springfield, MO 65807
      View Details
    • $715,000
      5,248 SF

      Grant Ave Retail Center - Springfield, MO

      High-traffic retail building, newly renovated.
      1774 Grant Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      8,928 SF

      West Sunshine Commercial Buildings For Sale

      Two commercial buildings on West Sunshine Street, sold together or separately.
      1036 W Sunshine St, Springfield, MO 65807
      View Details
    • $2,500,000

      Two-Story Office Building with Drive-Thru

      Two-story office building with a basement and a three-lane drive-thru.
      4039 S Kansas Expy, Springfield, MO 65807
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Springfield Retail Spaces for Lease

      Retail and restaurant spaces available in Springfield, Missouri.
      3512-3550 S National Ave, Springfield, MO 65807
      View Details
    • Contact for pricing

      Premier Shopping Center in Springfield

      Newest shopping center located in the Medical Mile.
      900 E Battlefield Rd, Springfield, MO 65807
      View Details
    • $13 SF/Yr

      Retail Space in Republic Plaza

      Retail spaces available in high-traffic Republic Plaza shopping center.
      2121-2155 W Republic Rd, Springfield, MO 65807
      View Details
    • $25 SF/Yr

      Retail Space on Sunshine Street

      Retail space available in high-traffic Springfield Plaza.
      3530 W Sunshine St, Springfield, MO 65807
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Republic Road

      Retail space with high traffic and convenient highway access.
      2767 W Republic Rd, Springfield, MO 65807
      View Details
    • $18 SF/Yr

      New Retail Center on Campbell

      New retail spaces available on high-traffic South Campbell Avenue.
      2515 S Campbell Ave, Springfield, MO 65807
      View Details
    View Listing
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    3046 S Kimbrough Ave
    Springfield, MO 65807
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    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.

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    3046 S Kimbrough Ave, Springfield, MO, 65807

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