Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Medical Office Space
3250 Delaware Ave Springfield, MO 65804-6486
Entity Owned
1-yr Hold
Free & Clear
Property ID
US48-0842088
Property summary
AI-generated overview
This exceptional Class-A office building, totaling 11,559 square feet, presents a unique owner-user investment opportunity. Situated on a 1.91-acre lot in Springfield, Missouri's coveted Medical Mile, this 2010-built property boasts a highly functional layout ideal for executive or medical offices. Features include a large reception area with automatic doors, spacious conference rooms, private offices, open workspaces, and designated medical areas. A significant advantage is the inclusion of a shipping/receiving area with grade-level doors, a fully finished storage and fabrication area, a complete kitchen/breakroom, and an outdoor gathering space. The building offers approximately 35 parking spaces and benefits from easy access to the James River Freeway, surrounded by retail and restaurants. This meticulously designed and constructed building is priced below replacement cost, making it an attractive investment. Currently owner-occupied, the property is available for sale due to the existing business relocating. Showings are by appointment only. The permitted zoning is O1 - Office.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Total area
11,559 SF
Lot
1.91 ac (83,200 SF)
Zoning code
INC
APN
88-19-06-401-252
UPID
US48-0842088
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
-
Ozark Prosthetics & Orthotics Orthopedic Shoe Store Orthotics & Prosthetics Service
-
Video Promotions Group Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.30M
Owner & transaction history
Omb Bank · 1 yrs held
Omb Bank
since 2025
3 recorded transactions
Zoning & alternative use
INC · Springfield, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+26.4%
Office building
$1.1M
+23.0%
Retail stores
$1.1M
+18.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,525,000
6.5%
$1,410,000
7%
$1,310,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$895,000
Current use
RESTAURANT
$1,130,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$1,100,000
Change: +23% · Conversion: Easy
RETAIL STORES
$1,060,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$112 / SF
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
$39,561
Tax year 2023
Assessed value
$620,610
Assessed 2023
Previous assessed
$620,610
+0.0% YoY
Effective rate
6.37%
On assessed value
Assessed land
$121,570
Assessed improvement
$499,040
Land market value
$379,900
Improvement market value
$1,559,500
Total market value
$1,939,400
Applied tax rate
105.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Heating
NONE
Total area
11,559 SF
Lot
1.91 ac (83,200 SF)
Zoning code
INC
APN
88-19-06-401-252
UPID
US48-0842088
Jurisdiction
GREENE
Zoning & alternative use
INC · Springfield, MO
Zoning INC · permitted uses
INC · Springfield, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$895,000
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Lot
1.91 ac
Current owner
From public records · entity-resolved
Omb Bank
Entity
Free & Clear · 1 yrs held
Mailing address
959 E GRACE ST, REPUBLIC, MO 65738-2712
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
Omb Bank
Jeffrey L Messenger
Warranty Deed
—
Aug 17, 2011
—
Messenger J L Living Trust
Messenger,jeffrey L & Wanda F
Quit Claim Deed
related
—
—
—
Jeffrey L Messenger
—
Deed Of Trust
related
$1,036,000 · Bank Of Bolivar
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?”
You own 3250 Delaware Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
