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    Property profile & analytics

    631 S Kimbrough Ave Springfield, MO 65806

    • Community centers
    • 14,966 SF
    • 1.10 lot acres
    For Sale
    View listing
    $9
    Last Sale
    Feb 14, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0902589
    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.

    Current Use by Public Records

    • Community centers

    Property Details for 631 S Kimbrough Ave

    Year built
    1964
    Lot size
    1.10 lot acres
    Property size
    14,966 SF
    Zone code
    INC
    Property type
    Community centers
    APN
    88-13-24-302-018
    APU
    881324302018

    Description

    This exceptional retail and restaurant property, located at 631-633 S. Kimbrough in Greene County, offers a unique investment opportunity. The 14,966 square foot multi-tenant building currently has 3,180 square feet of vacant space available, ideal for a restaurant or retail business. The space boasts existing restaurant improvements, making it move-in ready for a prospective tenant. This prime location benefits from its proximity to major educational institutions, including Missouri State University (23,300+ students), Ozarks Technical Community College (11,200+ students), and Drury University (2,500+ students). The high student population ensures a consistent flow of potential customers. Furthermore, the property's strategic position between downtown Springfield and Missouri State University places it within easy reach of a large and diverse customer base. The vibrant downtown area offers additional attractions such as the Springfield Cardinals baseball stadium, the Great Southern Bank Arena, and Juanita K Hammon's Hall for the Performing Arts, all located just a block away. With over 796 apartments for rent nearby, the property enjoys a strong residential presence. The minimum divisible space is 3,180 square feet, and the building comprises four total suites. This presents a compelling opportunity to establish a thriving business in a high-demand area with significant foot traffic and a strong local economy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $471,000
      Market price range: $373k - $933k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.2874
    Latitude
    37.2032
    CBSA code
    44180
    CBSA name
    SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,633
    $85,790
    $190,820
    $276,610
    -
    $268,100
    $596,300
    $864,400

    Comparable in this City

    • Value Estimation
      $285,000
      0.14 Acres

      310 Walnut St

      PARKING GARAGE, PARKING STRUCTURE • 0.14 Acres
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      View Details
    • Value Estimation
      $280,000
      0.23 Acres

      Walnut St

      PARKING GARAGE, PARKING STRUCTURE • 0.23 Acres
      Walnut St, Springfield, MO 65806
      View Details
    • Value Estimation
      $280,000
      0.21 Acres

      Walnut St

      PARKING GARAGE, PARKING STRUCTURE • 0.21 Acres
      Walnut St, Springfield, MO 65806
      View Details
    • Value Estimation
      $275,000
      0.16 Acres

      440 Market Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.16 Acres
      440 Market Ave, Springfield, MO 65806-2026
      View Details
    • Value Estimation
      $270,000
      2,880 SF

      409 Walnut St

      AUTO REPAIR, GARAGE • 2,880 SF
      409 Walnut St, Springfield, MO 65806-2041
      View Details
    • Value Estimation
      $350,000
      520 SF

      930 College St

      RETAIL STORES (PERSONAL SERVICES) • 520 SF
      930 College St, Springfield, MO 65806-1831
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,966 SF

      Downtown Springfield Retail Space Available

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      Updated 1900s brick warehouse in the heart of Downtown.
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      5,904 SF

      Retail Spaces Near University Campus

      Two retail spaces available near Missouri State University campus.
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    • $950,000
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      321 South Ave

      Restaurants • 11,792 SF
      321 South Ave, Springfield, MO 65806
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    Similar Nearby for Lease

    • $14 SF/Yr
      3,195 SF

      Retail Space Near Universities

      Retail space near Missouri State University, OTC, and Drury.
      631-637 S Kimbrough Ave, Springfield, MO 65806
      View Details
    • $18 SF/Yr
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      Springfield Retail Center Investment

      Prime Springfield retail spaces available.
      616 Madison St, Springfield, MO 65806
      View Details
    • $12 SF/Yr
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      Downtown Springfield Retail/Office Space

      First floor retail or office space in downtown Springfield.
      212 W Mcdaniel St, Springfield, MO 65806
      View Details
    • $16 SF/Yr
      6,050 SF

      Downtown Springfield Retail Space Available

      1,520 SF retail space for lease in Downtown Springfield.
      108 Park Central St East, Springfield, MO 65806
      View Details
    • $2,500 /Mo
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      Retail Space For Lease

      Retail spaces available in Springfield, Missouri.
      607 E Madison St, Springfield, MO 65806
      View Details
    • $12 SF/Yr
      3,050 SF

      Downtown Springfield Retail/Restaurant Space

      3,050 SF retail/restaurant space with full kitchen and bar.
      420 W College St, Springfield, MO 65806
      View Details
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    Springfield, MO 65806
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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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