620 S Glenstone Ave Springfield, MO 65802
- Commercial real estate
- 47,477 SF
- 3.55 lot acres
Current Use by Public Records
- Mercy Clinic Business Office / Medical Clinic
- Kathryn Little / Medical Clinic
- Mercy / Medical Clinic
Property Details for 620 S Glenstone Ave
- Year built
- 1988
- Lot size
- 3.55 lot acres
- Property size
- 47,477 SF
- Zone code
- INC
- Property type
- Commercial real estate
- APN
- 88-12-20-304-058
- APU
- 881220304058
Description
This exceptional three-story, 47,477-square-foot executive office building is situated on a highly visible 3.55-acre lot at 620 S Glenstone Ave in Springfield, Missouri. Boasting a prominent location in the Southeast Springfield Office Retail quadrant, this Class B property offers a semi-open cubicle configuration, perimeter offices, multiple conference rooms, an employee lounge, break room, elevator, and multi-stall restrooms. The building features excellent primary frontage with multiple curb cuts and ample parking (238 spaces). A significant advantage is the on-site 750 KW backup generator. The large L-shaped lot provides 240 feet of frontage on Glenstone Avenue, with additional access to Cherry Street. Zoned GR General Retail, this property allows for a wide range of commercial uses, subject to deed restrictions. The property is being sold "AS IS" with the right to property inspection. The asking price is $5,750,000. Built in 1988, the property includes one building with three stories and a Greene County APN of 881220304058. The high traffic volume of 40,100 vehicles per day on Glenstone Avenue ensures high visibility and accessibility.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,920,000
- 6.5%
- $5,465,000
- 7%
- $5,075,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $7,700,000
Market price range: $1.45M - $8.59M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $5,255,000 Current use
- RETAIL STORES
- $7,245,000 Change: +38% Conversion: Easy
- RESTAURANT
- $4,955,000 Change: -6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2609
- Latitude
- 37.2024
- CBSA code
- 44180
- CBSA name
- SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA