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Property profile & analytics
FOR SALE
Turn key restaurants
321 South Ave Springfield, MO 65806
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US48-0913510
For Sale
1 / 22
$875,000
321 South Ave, Springfield, MO 65806
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1884
Total area
13,800 SF
Lot
0.12 ac (5,271 SF)
Zoning code
INC
APN
88-13-24-219-010
UPID
US48-0913510
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Boogie Cafe Bar & Pub
-
Boogie Bubbles Bar & Pub
-
Bubbles Champagne Lounge Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cyrus B Jalili · 7 yrs held
Cyrus B Jalili
since 2019
7 recorded transactions
Zoning & alternative use
INC · Springfield, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,084
Tax year 2023
Assessed value
$134,050
Assessed 2023
Previous assessed
$134,050
+0.0% YoY
Effective rate
6.78%
On assessed value
Assessed land
$20,030
Assessed improvement
$114,020
Land market value
$62,600
Improvement market value
$356,300
Total market value
$418,900
Applied tax rate
215.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1884
Heating
NONE
Total area
13,800 SF
Lot
0.12 ac (5,271 SF)
Zoning code
INC
APN
88-13-24-219-010
UPID
US48-0913510
Jurisdiction
GREENE
Zoning & alternative use
INC · Springfield, MOZoning INC · permitted uses
INC · Springfield, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1884
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Cyrus B Jalili
Individual
Free & Clear · 7 yrs held
Mailing address
490 N PEARSON CRK LN, SPRINGFIELD, MO 65802-6250
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2019
—
Cyrus B Jalili
—
Deed
related
—
Sep 20, 2018
—
Cyrus B Jalili
—
Deed
related
—
—
—
Cyrus B Jalili
—
Loan Modification
related
—
—
—
Cyrus B Jalili
—
Loan Modification
related
—
—
—
Cyrus B Jalili
—
Deed Of Trust
related
$100,000 · Liberty Bank
—
—
Cyrus B Jalili
—
Deed Of Trust
related
$620,000 · Liberty Bank
—
—
Cyrus B Jalili
—
Loan Modification
related
—
—
—
Cyrus B Jalili
—
Deed Of Trust
related
$308,200 · Liberty Bank
—
—
Cyrus B Jalili
—
Deed Of Trust
related
$190,000 · Liberty Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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