For SaleSale
Downtown Office Building
401 N Boonville Ave, Springfield, MO 65806
$2,200,000
Type
Office
Sq Ft
20,000
Lot Size
0.5 acres
Zoning
CBD Central Business
Cap Rate
8.2%
NOI
$180,400
Price/SqFt
$110
Traffic Count
N/A
Description
Three-story Class B office building in the heart of downtown Springfield, steps from Park Central Square. Recently updated lobby, elevators, and HVAC systems. Currently 88% occupied with a strong mix of professional tenants including attorneys, accountants, and consulting firms. Covered parking garage with 60 spaces. Excellent upside potential through lease-up of remaining vacancy.
Investment Highlights
Downtown Location
88% Occupied
Covered Parking
Recent Updates
Professional Tenants
Elevator Access
8.2% Cap Rate
Location
Investment Analysis
Cap Rate & ROI Calculator
$1,000,000
$80,000
25%
6.0%
8.0%
Cap Rate
8.8%
Cash-on-Cash
$22,013
Annual Cash Flow
12.5x
GRM
