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    4015 N Farm Road 141 Springfield, MO 65803
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    4015 N Farm Road 141 Springfield, MO 65803

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    4015 N Farm Rd 141, Springfield, MO 65803 For Sale
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    4015 N Farm Rd 141, Springfield, MO 65803

    3.25 AC of C-3 zoned land with high traffic.

    4015 N Farm Road 141, Springfield, MO 65803
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    Property ID
    US48-0541907
    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

    • Commercial land

    Property Details for 4015 N Farm Road 141

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Collectively 4 parcels totaling 3.25 AC of C-3 zoned land located off N MO-13, north of Springfield. There are two existing structures of no value currently located on the property. Property features over 1,800 ft of frontage on MO-13. This site captures over 25,000 vehicles per day. This would be a great development opportunity for self-storage units.

    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
    -93.323093
    Latitude
    37.2709022

    Comparable in this City

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      Springfield Commercial Land For Sale

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      Commercially Zoned Lot For Sale

      Commercially zoned lot near Glenstone & Kearney intersection.
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    • $3,900,000
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      27 Acre Development Tract

      27 acre development tract with high visibility and accessibility.
      3300 W Kearney St, Springfield, MO 65803
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    • $450,000
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      Commercial Land on Kearney Street

      0.76 acre commercial land with highway frontage in Springfield.
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    • $120,000

      Commercial Land with I-44 Visibility

      Commercial land with high visibility and opportunity zone location.
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    Similar Nearby for Sale

    • $750,000

      Glenstone Commercial Land For Sale

      2.21 AC Highway Commercial land available in Springfield, MO.
      2549 N Glenstone Ave, Springfield, MO 65803
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    • $436,646
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      Springfield Commercial Land For Sale

      1.12 acre commercial land for sale in Springfield, MO.
      4810 E Parallel Ln, Springfield, MO 65803
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    • $950,000
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      Commercially Zoned Lot For Sale

      Commercially zoned lot near Glenstone & Kearney intersection.
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    • $3,900,000
      27.00 Acres

      27 Acre Development Tract

      27 acre development tract with high visibility and accessibility.
      3300 W Kearney St, Springfield, MO 65803
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    • $450,000
      0.76 Acres

      Commercial Land on Kearney Street

      0.76 acre commercial land with highway frontage in Springfield.
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    • $120,000

      Commercial Land with I-44 Visibility

      Commercial land with high visibility and opportunity zone location.
      1400 W Evergreen St, Springfield, MO 65803
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    Similar Nearby for Lease

    • Contact for pricing

      1.34 AC Ground Lease Opportunity

      1.34 AC available for ground lease near I-44.
      2336 N Kansas Expy, Springfield, MO 65803
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    • $8 SF/Yr

      Springfield Pad Site For Lease

      Pad site with high visibility and easy highway access.
      2738 E Kearney St, Springfield, MO 65803
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    • Contact for pricing

      Retail/Warehouse Building on Kearney

      3,167 SF retail/warehouse building for lease on Kearney Street.
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      I-44 Visible Office Suites

      Four-story office building with suites available for lease.
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      Commercial Building Near Busy Intersection

      Commercial building near Glenstone and Kearney intersection in Springfield, MO.
      1845 E Turner St, Springfield, MO 65803
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    • $4 SF/Yr
      17,784 SF

      Office Space Available For Rent

      17784 square feet of office space for rent.
      1616 N Robberson Ave, Springfield, MO 65803
      View Details
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    4015 N Farm Road 141
    Springfield, MO 65803
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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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