601 National AveSpringfield, MO 65802

  • Drive through restaurants
  • 2,624 SF
For Lease
$7.09/SF/YR View listing

Property Details for 601 National Ave

Year built
1987
Lot size
0.59 AC
Property size (Sq ft)
2,624 SF
Zone code
INC
Property type
Drive through restaurants
APN
88-13-24-401-013
APU
881324401013

Description

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

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $755,877
    6.5%
    $697,733
    7%
    $647,895
  • Comparable approach

    Method
    Valuation
    Relative Method
    $472,991
    Geo Method
    $472,991
  • Alternative Use

    Use
    Valuation
    Residential
    $588,564
    Hospitality
    $539,121
    Educational
    $448,543
    Medical
    $463,969
    Retail
    $697,733

Location Insight

City
Springfield
County
Greene
State
Missouri
Latitude
37.2037
Longitude
-93.2765
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
$10,855
$50,020
$120,260
$170,280
-
$156,300
$375,800
$532,100

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