Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    321 Sunshine St Springfield, MO 65807
    Back to Search
    Property profile & analytics

    321 Sunshine St, Springfield, MO 65807

    View on Map
    • Turn key restaurants
    • 0.68 lot acres
    Off-Market
    Last Sale Jun 8, 2022
    Property ID
    US48-3120409
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wilkerson Insurors, Inc. / Insurance Agency
    • Raising Cane's Chicken Fingers / Restaurant

    Property Details for 321 Sunshine St

    Lot size
    0.68 lot acres
    Zone code
    INC
    Property type
    Turn key restaurants
    APN
    88-13-25-308-176
    APU
    881325308176

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 8, 2022 — Ipd Properties LLC East Sunshine Property Group LLC Special Warranty Deed $1.2M · Central Trust Bank
    May 12, 2022 — Arthur Holman Investments LLC Laurin Leff Correction Deed · related $1.4M · Hawthorn Bank
    Mar 15, 2021 — Jp Ozark LLC — Deed · related $30k · Hawthorn Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2946
    Latitude
    37.1827
    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
    $15,587
    $87,650
    $156,860
    $244,510
    -
    $273,900
    $490,200
    $764,100

    Comparable in this City

    • Value Estimation by Request
      6,903 SF

      300 Battlefield St

      RESTAURANT
      300 Battlefield St, Springfield, MO 65807-4953
      View Details
    • Value Estimation by Request
      3,516 SF

      2435 Campbell Ave

      RESTAURANT
      2435 Campbell Ave, Springfield, MO 65807-2903
      View Details
    • Value Estimation
      $760,000
      10,430 SF

      4117 National Ave

      RESTAURANT
      4117 National Ave, Springfield, MO 65807-5356
      View Details
    • Value Estimation by Request
      2,337 SF

      2209 Sunshine St

      RESTAURANT
      2209 Sunshine St, Springfield, MO 65807-2245
      View Details
    • Value Estimation by Request

      2101 Chesterfield Blvd

      RESTAURANT
      2101 Chesterfield Blvd, Springfield, MO 65807-6946
      View Details
    • Value Estimation by Request
      3,413 SF

      2800 Sunshine St

      RESTAURANT
      2800 Sunshine St, Springfield, MO 65807-1057
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Premier Springfield Shopping Center

      Upscale shopping center in high-traffic Springfield location.
      900 E Battlefield, Springfield, MO 65807
      View Details
    • Contact for pricing
      2,123 SF

      Single-Tenant KFC Drive-Thru Restaurant

      Single-tenant KFC drive-thru restaurant with long-term lease.
      215 E Sunshine St, Springfield, MO 65807
      View Details
    • Contact for pricing
      2,740 SF

      Restaurant Building with Drive-Through

      2,740 SF retail/restaurant building for sale in Springfield.
      2058 S Glenstone Ave, Springfield, MO 65807
      View Details
    • Contact for pricing
      3,455 SF

      Retail/Cafe Space in Parkcrest Center

      Turnkey retail/cafe space in established Springfield shopping center.
      3857 S Campbell Ave, 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

    Similar Nearby for Lease

    • Contact for pricing
      23,000 SF

      Retail Center Space Available

      Retail space in a busy Springfield shopping center.
      3800 W Washita St, Springfield, MO 65807
      View Details
    • $14 SF/Yr

      South Springfield Retail Center

      New retail center with restaurant, retail, and office spaces available.
      4216 S Cox Rd, Springfield, MO 65807
      View Details
    • $9 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
    • $6,000 /Mo
      3,980 SF

      Springfield Executive Office Space

      High-traffic location, 3,980 sq ft available
      1701 Campbell Ave, 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
    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.
    321 Sunshine St
    Springfield, MO 65807
    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

    Thank You for Inquiry
    321 Sunshine St, Springfield, MO, 65807
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!