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Property profile & analytics
OFF-MARKET
Estimated value
$2,030,000
Hospitals
440 Market Ave Springfield, MO 65806-2026
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US48-0437869
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1905
Total area
72,746 SF
Lot
1.58 ac (68,955 SF)
Zoning code
INC
APN
88-13-23-147-023
UPID
US48-0437869
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
-
Lakeland Behavioral Health - Adolescent Residential Treatment Center Crisis Center Medical Clinic
-
Lakeland Behavioral Health System Hospital
-
Joellena S. Asher, LPC Counselor
-
Craig F. Boughton, PsyD Counselor Doctor
-
Mary Brinkman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
Lakeland Hosp Acquisition Corp · 13 yrs held
Lakeland Hosp Acquisition Corp
since 2013
6 recorded transactions
Zoning & alternative use
INC · Springfield, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$28 / 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
$75,521
Tax year 2023
Assessed value
$1,184,710
Assessed 2023
Previous assessed
$1,184,710
+0.0% YoY
Effective rate
6.37%
On assessed value
Assessed land
$60,770
Assessed improvement
$1,123,940
Land market value
$189,900
Improvement market value
$3,512,300
Total market value
$3,702,200
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1905
Heating
NONE
Total area
72,746 SF
Lot
1.58 ac (68,955 SF)
Zoning code
INC
APN
88-13-23-147-023
UPID
US48-0437869
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.
Building & site characteristics
From public records
Year built
1905
Heating
NONE
Lot
1.58 ac
Current owner
From public records · entity-resolved
Lakeland Hosp Acquisition Corp
Entity
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2013
—
Lakeland Hosp Acquisition Corp
—
Deed Of Trust
related
$400,000,000 · Bank Of America
May 10, 2012
—
Lakeland Hosp Acquisition Corp
—
Deed Of Trust
related
$285,000,000 · Bank Of America
Apr 18, 2011
—
Lakeland Hosp Acquisition Corp
—
Deed Of Trust
related
$215,000,000 · Bank Of Nat'l Tr & Svgs
Oct 4, 2006
—
Lakeland Hospital Acquisition
—
Deed Of Trust
related
$170,000,000 · Ubs Ag Stamford Branch
—
—
Lakeland Hospital Acquisition
—
Loan Modification
related
$600,000,000 · Bank Of America
—
—
Lakeland Hospital Acquisition
—
Loan Modification
related
$1,535,000,000 · Bank Of America
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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