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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Office buildings
400 Ss Ave Springfield, MO 65806-2114
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-3317508
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1897
Total area
18,175 SF
Lot
0.11 ac (4,792 SF)
Zoning code
INC
APN
88-13-24-226-019
UPID
US48-3317508
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
-
Steve's Green Chili Grille Restaurant
-
Hood-Rich Architecture Architect Graphic Designer
-
417 Gyro Gyros Food Processing Plant
-
Offworld Tattoo Tattoo & Piercing Shop
-
Empress Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.42M
Owner & transaction history
Wehr South Street LLC · 20 yrs held
Wehr South Street LLC
since 2006
7 recorded transactions
Zoning & alternative use
INC · Springfield, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+37.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,470,000
Current use
RESTAURANT
$2,025,000
Change: +38% · Conversion: Moderate
MEDICAL BUILDING
$1,460,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,400,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±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
$78 / 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
$25,493
Tax year 2023
Assessed value
$376,190
Assessed 2023
Previous assessed
$376,190
+0.0% YoY
Effective rate
6.78%
On assessed value
Assessed land
$19,710
Assessed improvement
$356,480
Land market value
$61,600
Improvement market value
$1,114,000
Total market value
$1,175,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1897
Heating
NONE
Total area
18,175 SF
Lot
0.11 ac (4,792 SF)
Zoning code
INC
APN
88-13-24-226-019
UPID
US48-3317508
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
OFFICE BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1897
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Wehr South Street LLC
Entity
Mailing address
1201 E WALNUT ST, SPRINGFIELD, MO 65802-3422
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Aug 27, 2024
—
Lipht LLC
—
Deed
related
$990,000 · The Bank Of Missouri
Oct 3, 2022
—
Walnut & South LLC
—
Deed
related
$719,006 · Oakstar Bank NA
Feb 5, 2019
—
Eral LLC
—
Deed
related
$88,130 · 406 South Ave LLC
Apr 10, 2006
—
Wehr South Street LLC
Miller Commerce LLC
Warranty Deed
$786,250 · Signature Bank
Dec 14, 2005
—
Miller Commerce LLC
—
Trustees Deed
related
$87,000 · Signature Bank
—
—
Eral LLC
—
Deed Of Trust
related
$88,130 · 406 South Ave LLC
—
—
Walnut & South LLC
—
Deed Of Trust
related
$200,000 · Springfield Finance Dev Corp
—
—
Walnut & South LLC
—
Deed Of Trust
related
$984,593 · Metropolitan National Bank
—
—
Wehr South Street LLC
—
Deed Of Trust
related
$148,750 · Signature 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.
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