For SaleSale
Medical Office Building – Medical Mile
1850 S National Ave, Springfield, MO 65804
$1,900,000
Type
Office
Sq Ft
12,000
Lot Size
0.75 acres
Zoning
O-1 Office
Cap Rate
7.2%
NOI
$136,800
Price/SqFt
$158
Traffic Count
18,000 ADT
Description
Purpose-built medical office building on Springfield's Medical Mile corridor, between CoxHealth and Mercy Hospital. Fully leased to three medical tenants with a weighted average lease term of 6.2 years. Built-out with exam rooms, procedure rooms, waiting areas, and ADA-compliant features. Premium finishes throughout. Dedicated parking with 48 spaces. Roof and HVAC replaced in 2021.
Investment Highlights
100% Occupied
Medical Mile Location
Long-Term Leases
Purpose-Built Medical
48 Parking Spaces
Recent HVAC/Roof
7.2% 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
