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    3051 S Kimbrough Ave Springfield, MO 65807
    Property profile & analytics

    3051 S Kimbrough Ave Springfield, MO 65807

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    • Retail space
    • 5,928 SF
    • 0.51 lot acres
    For Lease
    $565,000
    View Listing →
    Commercial Property Near Battlefield For Lease
    $565,000

    Commercial Property Near Battlefield

    Commercial property for rent near Battlefield and Kimbrough.

    3051 S Kimbrough Ave, Springfield, MO 65807
    View Listing
    Property ID
    US48-0559122
    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
    $565,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Simple Body Solutions Missouri / Alternative Medicine Practice / Spa & Massage Center
    • Tangles Hair Salon / Hair Salon
    • Farmers Insurance Group-Brandi Beebe Agency / Insurance Agency

    Property Details for 3051 S Kimbrough Ave

    Year built
    1987
    Lot size
    0.51 lot acres
    Property size
    5,928 SF
    Zone code
    INC
    Property type
    Retail space
    APN
    88-18-01-402-013
    APU
    881801402013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $735,000
      6.5%
      $680,000
      7%
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $587,000
      Market price range: $343k - $925k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $570,000
      Current use
      OFFICE BUILDING
      $695,000
      Change: +22% Conversion: Easy
      RESTAURANT
      $665,000
      Change: +16% Conversion: Easy
      COMMERCIAL (GENERAL)
      $565,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.286
    Latitude
    37.1584
    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
    $14,046
    $60,830
    $159,520
    $220,350
    -
    $190,100
    $498,500
    $688,600

    Comparable in this City

    • Value Estimation by Request
      4,004 SF

      2448 Campbell Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,004 SF
      2448 Campbell Ave, Springfield, MO 65807-2904
      View Details
    • Value Estimation
      $550,000
      8,400 SF

      2123 Campbell Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      2123 Campbell Ave, Springfield, MO 65807-2851
      View Details
    • Value Estimation
      $710,000
      6,376 SF

      3930 Campbell Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,376 SF
      3930 Campbell Ave, Springfield, MO 65807-5302
      View Details
    • Value Estimation by Request
      1,008 SF

      1812 Franklin Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,008 SF
      1812 Franklin Ave, Springfield, MO 65807-2412
      View Details
    • Value Estimation by Request
      2,500 SF

      3030 Jefferson Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      3030 Jefferson Ave, Springfield, MO 65807-4952
      View Details
    • Value Estimation by Request
      5,880 SF

      4113 Kansas Expy

      RETAIL STORES (PERSONAL SERVICES) • 5,880 SF
      4113 Kansas Expy, Springfield, MO 65807-4058
      View Details

    Similar Nearby for Sale

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      8,928 SF

      West Sunshine Commercial Buildings For Sale

      Two commercial buildings on West Sunshine Street, sold together or separately.
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      Retail/Office Space For Sale

      3,980 SF retail/office space in central Springfield corridor.
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      Single-Tenant KFC Drive-Thru Restaurant

      Single-tenant KFC drive-thru restaurant with long-term lease.
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      View Details
    • Contact for pricing
      3,455 SF

      Retail/Cafe Space in Parkcrest Center

      Turnkey retail/cafe space in established Springfield shopping center.
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      84,252 SF

      Retail Space For Sale

      Retail space available for purchase.
      3303 South Campbell Ave, Springfield, MO 65807
      View Details
    • $225,000

      Versatile Commercial Space on Campbell

      Commercial space in high-traffic retail corridor, suitable for owner-user.
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    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, Springfield, MO 65807
      View Details
    • $22 SF/Yr
      1,488 SF

      Retail Space on Sunshine Street

      Retail space available near Missouri State University and Mercy Hospital.
      1251 E Sunshine St, Springfield, MO 65807
      View Details
    • $23 SF/Yr
      2,280 SF

      Retail Space at Signalized Intersection

      Retail space available at a high-traffic, anchored location.
      3535 W Sunshine St, Springfield, MO 65807
      View Details
    • $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
    • $17 SF/Yr

      Retail Space at Magers Crossing

      Retail space available in high-growth South Springfield location.
      2100 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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    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.

    More about this property
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