4039 Kansas ExpySpringfield, MO 65807

Property Details for 4039 Kansas Expy

Year built

2001

Lot size

2.38 AC

Property size (Sq ft)

12,173 SF

Zone code

INC

Property type

Banks

APN

88-18-10-401-161

APU

881810401161

Description

This exceptional Class A office building, located at 4039 S Kansas Expy in Springfield, Missouri, presents a unique investment opportunity. Built in 2001, this two-story, 12,173 square foot building sits on a 2.38-acre lot and is currently vacant, offering immediate occupancy. Previously utilized as a bank, the property boasts impressive features including three drive-thru lanes, a spacious lobby, numerous individual offices, a large conference room, a dedicated break room, and ample storage space. The building also includes a basement, adding to its overall functionality. The permitted zoning is General Retail, allowing for a variety of potential uses. The property's strategic location just south of James River Expressway and on the west side of Kansas Expressway provides excellent visibility and accessibility. With an asking price of $2,900,000, this translates to a price per square foot of $238.23. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a thriving Springfield, Missouri location. The property's size, amenities, and prime location make it an ideal investment for a variety of businesses seeking a prominent presence in the area. The 65807 zip code offers easy access to major transportation routes and a strong local economy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,506,591

  6.5%

  $3,236,854

  7%

  $3,005,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,194,252

  Geo Method

  $2,194,252

• Alternative Use

  Use

  Valuation

  Residential

  $2,730,407

  Hospitality

  $2,501,038

  Educational

  $2,080,834

  Medical

  $2,152,398

  Retail

  $3,236,854

Location Insight

City

Springfield

County

Greene

State

Missouri

Latitude

37.141

Longitude

-93.3203

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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