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Property profile & analytics
FOR LEASE
Drive through restaurants
601 National Ave Springfield, MO 65804-0021
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US48-0604883
For Lease
1 / 4
Contact for pricing
601 National Ave, Springfield, MO 65804-0021
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Property summary
AI-generated overview
This exceptional Springfield, Missouri property, located at 601 N National Avenue, offers 110,000 square feet of retail and office space in a historic building (1900). Currently, there are multiple suites available, ranging from 1,000 to 9,501 contiguous square feet, with a minimum divisible space of 3,905 square feet. A total of 13,406 square feet is currently vacant. Two specifically highlighted suites are available: Suite 114B (2,705 sq ft) features five private offices, a conference room, a large open area, two restrooms, and storage
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1987
Total area
2,624 SF
Lot
0.59 ac (25,657 SF)
Zoning code
INC
APN
88-13-24-401-013
UPID
US48-0604883
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
-
Taco Bell Restaurant Take-out & Catering
-
The Queen City Salon Hair Salon
-
The Tattoo Coven Tattoo & Piercing Shop
-
Magnetism Wedding Films Wedding Service
-
Keep Supply Headquarters Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
Apple Court Apartments LLC · 8 yrs held
Apple Court Apartments LLC
since 2018
5 recorded transactions
Zoning & alternative use
INC · Springfield, MO
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
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$320k
Range $288k – $352k · ±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
$122 / 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
$10,855
Tax year 2023
Assessed value
$170,280
Assessed 2023
Previous assessed
$170,280
+0.0% YoY
Effective rate
6.37%
On assessed value
Assessed land
$50,020
Assessed improvement
$120,260
Land market value
$156,300
Improvement market value
$375,800
Total market value
$532,100
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
1987
Heating
NONE
Total area
2,624 SF
Lot
0.59 ac (25,657 SF)
Zoning code
INC
APN
88-13-24-401-013
UPID
US48-0604883
Jurisdiction
GREENE
Zoning & alternative use
INC · Springfield, MOZoning INC · permitted uses
INC · Springfield, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
land development code
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Lot
0.59 ac
Current owner
From public records · entity-resolved
Apple Court Apartments LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1348 W LIBERTY AVE, OZARK, MO 65721-4204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2018
—
Apple Court Apartments LLC
Appleski LLC
Quit Claim Deed
related
—
Apr 4, 2017
—
Sc & G LLC
—
Deed
related
$1,827,500 · Old Mo Bk
Aug 5, 2011
—
601 S National Ave LLC
Ogs Properties INC
Warranty Deed
—
—
—
Sc & G LLC
—
Deed Of Trust
related
$1,827,500 · Old Mo Bk
—
—
Griswald Ents LLC
—
Deed Of Trust
related
$625,000 · Metropolitan National 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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