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    930 Kearney St Springfield, MO 65803
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    Property profile & analytics

    930 Kearney St Springfield, MO 65803

    View on Map
    • Retail space
    • 2,400 SF
    • 0.20 lot acres
    Off-Market
    Property ID
    US48-3361335
    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

    • Retail space

    Property Details for 930 Kearney St

    Year built
    1942
    Lot size
    0.20 lot acres
    Property size
    2,400 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    88-13-11-107-015

    Description

    This mixed-use storefront property at 930 West Kearney Street in Springfield, Missouri, presents a compelling investment opportunity. The 2,400 square foot building, constructed in 1942, sits on a 0.2-acre lot (APN 88-13-11-107-015) and is currently vacant, allowing for complete customization. Zoned commercial, this property offers significant potential. The building's layout includes three distinct downstairs spaces, each with a separate address, ideal for multiple commercial tenants. Upstairs, the space features original hardwood floors, oak rafters, and studs, offering a unique character for potential renovation. The property includes 6-8 parking spaces. The asking price is $110,000, translating to $45.83 per square foot. Its location on Kearney Street ensures high visibility and traffic, making it an attractive proposition for a variety of commercial uses. The property is ready for rehabilitation, presenting a blank canvas for a savvy investor to create a thriving commercial space. This is a single-unit building in Greene County, Missouri, with a 65803 zip code.

    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
    -93.3018234
    Latitude
    37.2406525

    Comparable in this City

    • $274,900
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      Versatile Commercial Property on Kearney

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    • $209,500

      Freestanding Building on Kearney Street

      Freestanding retail building for sale with street frontage.
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    • $265,000
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      Free Standing Building on Kearney

      2,584 SF building on W Kearney in Springfield, Missouri.
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    • $269,900
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      Springfield Commercial Investment Opportunity

      Two commercial buildings with retail, office, and manufacturing potential.
      1640 E Florida St, Springfield, MO 65803
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    • $535,000
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      Prime Corner Location For Sale

      9,880 sqft commercial property in high-traffic Springfield location.
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    • $85,000
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      Springfield Commercial Property For Sale

      Commercial property with open lot parking in Springfield, Missouri.
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    Similar Nearby for Sale

    • $209,500

      Freestanding Building on Kearney Street

      Freestanding retail building for sale with street frontage.
      920 W Kearney St, Springfield, MO 65803
      View Details
    • $274,900
      2,920 SF

      Versatile Commercial Property on Kearney

      Two buildings on high-traffic Kearney Street, ideal for diverse businesses.
      419 W Kearney St, Springfield, MO 65803
      View Details
    • $265,000
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      Free Standing Building on Kearney

      2,584 SF building on W Kearney in Springfield, Missouri.
      521 W Kearney St, Springfield, MO 65803
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    • $269,900
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      Springfield Commercial Investment Opportunity

      Two commercial buildings with retail, office, and manufacturing potential.
      1640 E Florida St, Springfield, MO 65803
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    • $85,000
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      Springfield Commercial Property For Sale

      Commercial property with open lot parking in Springfield, Missouri.
      2500 N Grant Ave, Springfield, MO 65803
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    • $535,000
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      Prime Corner Location For Sale

      9,880 sqft commercial property in high-traffic Springfield location.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail/Warehouse Building on Kearney

      3,167 SF retail/warehouse building for lease on Kearney Street.
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    • $1,500 /Mo
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      Retail/Office Space For Lease

      1,500 SF retail/office space available for lease.
      1410 E Kearney St, Springfield, MO 65803
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    • Contact for pricing

      Springfield Retail Pad Site Available

      Retail opportunity with high visibility and traffic counts in Springfield.
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    • $15 SF/Yr
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      Retail Space on Commercial Street

      2000 SF retail space available for rent.
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    • Contact for pricing

      Retail/Office Space in Springfield, MO

      500 SQFT retail or office space available June 1st.
      3909 E Farm Road 94, Springfield, MO 65803
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    • $13 SF/Yr
      1,200 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru, convenient location, and immediate availability.
      1808 W Kearney St, Springfield, MO 65803
      View Details
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    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.

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