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Property profile & analytics
FOR LEASE
Strip malls

3302 S National Ave Springfield, MO 65807

39,300 SF 4.01 ac lot Built 1999
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US48-0080770
Property summary
AI-generated overview

Medical Mile Plaza, located at 3302 S National Ave, Springfield, MO 65807, offers a prime opportunity for businesses seeking versatile commercial space. This 134,721 square foot property, situated on 15.8 acres of land, features eight single-story buildings with a total of 42 suites. Currently, 26,909 square feet of space is available, ranging from 1,410 to 8,818 square feet. The property boasts 728 parking spaces and is conveniently located on the corner of National and West Walnut Lawn Avenues in the Bradford Park submarket, within the Medical Mile cluster. Built in 1999, this Class B property is zoned for general retail use, allowing for a variety of commercial applications. The unique "T" shaped building design offers excellent visibility and accessibility. Property taxes are $2 per square foot. The location is exceptional, offering proximity to Cox Medical Center and significant foot traffic. This multi-tenant property presents a compelling investment opportunity for businesses seeking a prominent presence in a thriving medical corridor. The address is 3302 S National Ave, Springfield, MO 65807, APN 19-06-302-069.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Total area 39,300 SF
Lot 4.01 ac (174,458 SF)
Zoning code INC
APN 88-19-06-302-069
UPID US48-0080770
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
  • Quest Diagnostics Medical Clinic
  • Pampa Empanadas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.45M
Blend (final) Blend
$2.51M
Owner & transaction history
Lg III LLC · 12 yrs held
Lg III LLC
since 2013
3 recorded transactions
2013
Price N/A
2009
Price N/A
2006
Price N/A
Zoning & alternative use
INC · Springfield, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $3.8M +120.3%
Commercial (general) $3.7M +118.0%
Auto repair, garage $2.9M +66.8%
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