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    3550 Evergreen St Springfield, MO 65803-5716
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    Property profile & analytics

    3550 Evergreen St, Springfield, MO 65803-5716

    View on Map
    • Hotels
    • 56,586 SF
    • 6.20 lot acres
    Off-Market
    Property ID
    US48-3366613
    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
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Welcome Inn Nightly and Extended Stay / Hotel & Motel / Vacation Rental
    • Knights Inn Springfield I-44 / Hotel & Motel
    • Joseph h christ / Church

    Property Details for 3550 Evergreen St

    Year built
    1987
    Lot size
    6.20 lot acres
    Zone code
    INC
    Property type
    Hotels
    APN
    88-12-03-205-045
    APU
    881203205045

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 27, 2023 — Spring Welcome Inn LLC — Deed · related $4.3M · Bank 21
    Sep 15, 2022 — Springfield Welcome Inn LLC — Deed · related $3.7M · Cs Bank
    Oct 5, 2017 — Springfield Welcome Inn LLC — Deed · related $2.8M · Kcb Bk
    May 30, 2017 — Brett Burge — Deed · related $1.5M · Kcb Bk
    Aug 17, 2016 — Springfield Welcome Inn LLC Great Sthrn Bk Grant Deed $2.4M · Kcb Bk
    May 12, 2016 $1,153,792 Great Sthrn Bk Nichols Rodney H|west Hills Missouri LLC Trustees Deed · related —
    Apr 8, 2014 — West Hills Missouri LLC Yi,shum U & Sun Y Warranty Deed $1.4M · Great Sthrn Bk
    Jan 7, 2004 — Interstate Hotels INC Ali Properties INC Grant Deed $1M · Great Southern Bank
    — — Springfield Welcome Inn LLC — Deed Of Trust · related $1.5M · Joe Wimberly
    — — Brett Burge — Deed Of Trust · related $1.5M · Kcb Bk
    — — Springfield Welcome Inn LLC — Loan Modification · related $2.8M · Kcb Bk
    — — Interstate Hotels INC — Deed Of Trust · related $2.8M · Great Southern Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $830,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $667,000
      Market price range: $668k - $1.25M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $965,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2212
    Latitude
    37.2489
    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
    $21,811
    $106,880
    $245,150
    $352,030
    -
    $334,000
    $766,100
    $1,100,100

    Comparable in this City

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      4.62 Acres

      2756 Glenstone Ave

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      55,568 SF

      2445 Airport Plz Ave

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      44,500 SF

      412 Commercial St

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      412 Commercial St, Springfield, MO 65803-2944
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    • Value Estimation by Request
      2.75 Acres

      2025 Kerr St

      HOTEL
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    • Value Estimation by Request
      15,324 SF

      2555 Glenstone Ave

      HOTEL
      2555 Glenstone Ave, Springfield, MO 65803-4737
      View Details

    Similar Nearby for Sale

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      2,584 SF

      Free Standing Building on Kearney

      2,584 SF building on W Kearney in Springfield, Missouri.
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      4,512 SF

      Office/Warehouse Building Near I-44

      4,512 SF office/warehouse building for sale near Kearney & I-44.
      2807 W Kearney St, Springfield, MO 65803
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      Industrial Lot Near I-44

      Industrial lot for sale near I-44 and Hwy 65.
      2220 N Burton Ave, Springfield, MO 65803
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      I-44 Frontage Office Building

      Four-story office building with suites available along I-44.
      1801 West Norton Rd, Springfield, MO 65803
      View Details
    • $209,900
      5.00 Acres

      Residential Land in Springfield, MO

      5-acre lot suitable for home or development in Springfield.
      2754 E Grand St, Springfield, MO 65803
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    Similar Nearby for Lease

    • Contact for pricing

      Springfield Underground Warehouse Space Available

      103,000 SF warehouse space for lease in Springfield, Missouri.
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      Industrial Build-to-Suit Opportunity

      Industrial build-to-suit property available for lease in Springfield, MO.
      Cor Of Jean St & Packer Rd, Springfield, MO 65803
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    • Contact for pricing
      1,200 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru, convenient location, and immediate availability.
      1808 W Kearney St, Springfield, MO 65803
      View Details
    • $9,000 /Mo
      44,431 SF

      Springfield Warehouse with Drive-Through Access

      2,100 SF warehouse space with drive-through capability for lease.
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    • Contact for pricing

      Retail/Warehouse Building on Kearney

      3,167 SF retail/warehouse building for lease on Kearney Street.
      840 W Kearney St, Springfield, MO 65803
      View Details
    • $12 SF/Yr

      Retail Space Near I-44

      Prime retail space with high visibility and ample parking.
      2601-2721 N Kansas Expy, Springfield, MO 65803
      View Details
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    Springfield, MO 65803-5716
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    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
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