Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    306 Ss Ave Springfield, MO 65806-2124

    • Turn key restaurants
    • 4,238 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Oct 20, 2020
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0567228
    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

    • Nonna's / Restaurant / Italian Restaurant
    • Pascal Dining / Restaurant / Modern French Restaurant

    Property Details for 306 Ss Ave

    Year built
    1883
    Lot size
    0.06 lot acres
    Property size
    4,238 SF
    Zone code
    INC
    Property type
    Turn key restaurants
    APN
    88-13-24-232-010
    APU
    881324232010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.292
    Latitude
    37.208
    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
    $7,791
    $18,270
    $96,700
    $114,970
    -
    $57,100
    $302,200
    $359,300

    Comparable in this City

    • Value Estimation
      $310,000
      8,070 SF

      307 Jefferson Ave

      RESTAURANT • 8,070 SF
      307 Jefferson Ave, Springfield, MO 65806-2202
      View Details
    • Value Estimation
      $260,000
      860 SF

      1622 College St

      RESTAURANT • 860 SF
      1622 College St, Springfield, MO 65806-1614
      View Details
    • Value Estimation
      $275,000
      4,512 SF

      209 Walnut St

      RESTAURANT • 4,512 SF
      209 Walnut St, Springfield, MO 65806-2125
      View Details
    • Value Estimation
      $365,000
      15,550 SF

      541 Saint Louis St

      RESTAURANT • 15,550 SF
      541 Saint Louis St, Springfield, MO 65806-2313
      View Details
    • Value Estimation
      $275,000
      5,813 SF

      218 Campbell Ave

      RESTAURANT • 5,813 SF
      218 Campbell Ave, Springfield, MO 65806-2048
      View Details
    • Value Estimation
      $320,000
      5,595 SF

      319 Walnut St

      RESTAURANT • 5,595 SF
      319 Walnut St, Springfield, MO 65806-2117
      View Details

    Similar Nearby for Sale

    • $1,000,000
      11,474 SF

      Downtown Springfield Gem

      Historic building, prime location, high potential
      220 Campbell Ave, Springfield, MO 65806
      View Details
    • $875,000
      11,792 SF

      Downtown Springfield Night Club & Bar

      Four-story night club and bar in downtown Springfield for sale.
      321 South Ave, Springfield, MO 65806
      View Details
    • $950,000
      11,792 SF

      321 South Ave

      Restaurants • 11,792 SF
      321 South Ave, Springfield, MO 65806
      View Details
    • $749,000
      4,878 SF

      Historic Springfield Mixed-Use Building

      High-yield retail & loft apartments. Downtown Springfield location.
      222 Park Central, Springfield, MO 65806
      View Details
    • $1,500,000
      13,625 SF

      Downtown Springfield Bar & Retail Investment

      Prime Springfield location, two-building complex, high potential.
      311 Patton Ave, Springfield, MO 65806
      View Details
    • $699,500
      0.03 Acres

      Park Central Square Income Property

      Mixed-use property with long-term tenant and loft apartments.
      222 Park Central N, Springfield, MO 65806
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      15,000 SF

      Downtown Springfield Restaurant/Event Space

      Spacious restaurant/event center in downtown Springfield with multiple floors.
      314 S Patton Ave, Springfield, MO 65806
      View Details
    • $18 SF/Yr
      7,500 SF

      Springfield Retail Center Investment

      Prime Springfield retail spaces available.
      616 Madison St, Springfield, MO 65806
      View Details
    • $12 SF/Yr
      3,050 SF

      Downtown Springfield Retail/Restaurant Space

      3,050 SF retail/restaurant space with full kitchen and bar.
      420 W College St, Springfield, MO 65806
      View Details
    • $3,608 /Mo
      Pending

      Downtown Springfield Retail with Kitchen

      Retail space with kitchen in downtown Springfield, Missouri.
      220 S Campbell Ave, Springfield, MO 65806
      View Details
    • $14 SF/Yr
      3,195 SF

      Retail Space Near Universities

      Retail space near Missouri State University, OTC, and Drury.
      631-637 S Kimbrough Ave, Springfield, MO 65806
      View Details
    • $10 SF/Yr
      47,836 SF

      Mixed-Use Space in Downtown Springfield

      Mixed-use space available for lease in downtown Springfield, Missouri.
      431 S Jefferson Ave, Springfield, MO 65806
      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.
    306 Ss Ave
    Springfield, MO 65806-2124
    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.