Two-Building Flex
New
For Sale
$395,000
1022/1042 S Main Street, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size7,074 SF
Lot Size1.47 Acres
Price / SF$55.84
Days on Market2
Property Features for 1022/1042 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Chain Link
Directions
7th and Main, south on Main St to property on the right (west).
Subdivision
03 - Joplin City - SW
Standard status
Active
Size
7,074 SF
Lot size
1.47 Acres
Utilities
Heating system
Central, Natural Gas
Building Details
Year built
1923
Flooring type
Concrete
Roof type
Metal
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Hoot Myers · License #2013045784
(417) 437-1177
Added: Aug 21
Last Checked: Aug 22 at 6:06PM
MLS# 264649
Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space offering includes two separate buildings totaling 7,074 square feet at 1022 and 1042 S Main Street. The 1042 S Main Street building contains 3,950 square feet and has Main Street frontage, a front entry, and rear overhead access reached by ramp. The 1022 S Main Street building provides 3,124 square feet, two overhead doors along Main Street, and a separate office entrance. Both buildings also have rear access, while the property is enclosed with chain-link fencing.
The 1022 S Main Street address includes parcels 19201010037001001 and 19201010037002000, which provide direct Joplin Street frontage. Concrete flooring, central heating, natural gas service, and metal roofing are among the recorded property features. The improvements date to 1923.
The 1022 S Main Street address includes parcels 19201010037001001 and 19201010037002000, which provide direct Joplin Street frontage. Concrete flooring, central heating, natural gas service, and metal roofing are among the recorded property features. The improvements date to 1923.
Key Highlights
- Two‑building flex‑space property totals 7,074 square feet
- 1042 S Main Street building contains 3,950 square feet with Main Street frontage
- 1022 S Main Street building measures 3,124 square feet and has 2 overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,815
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,300
$696.3K
Cap Rate 7%
$497,357
$497.4K
Cap Rate 9%
$386,833
$386.8K
Market Conditions
NOI Build-Up for 7,074 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.4K $6.00/SF
− Vacancy
−$1.5K −$0.21/SF
EGI
$41.0K $5.79/SF
− OpEx
−$6.1K −$0.87/SF
NOI
$34.8K $4.92/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,300
Cap Rate 7%
$497,357
Cap Rate 9%
$386,833
Alternative Uses
Best Use
Warehouse
$497.4K
$435.2K – $580.3K
NOI $34,815 @ 7.0% cap · market cap 8.81%
Second Best
Industrial
$409.6K
$358.4K – $477.9K
NOI $28,671 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,403 @ 7.0% cap · market cap 37.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,384
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64801, MO
35,234
Population
17,460
Households
2
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
57.5 sq mi
ZIP Area
613
Density / Sq Mi
$51,360
Median Household Income
$31,103
Median Earnings
$884
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial improvements offer Main Street frontage, overhead-door access, rear access, and a fenced site.
Where is this flex space located?
The property is located at 1022/1042 S Main Street Joplin, MO.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑building flex‑space property totals 7,074 square feet; 1042 S Main Street building contains 3,950 square feet with Main Street frontage; 1022 S Main Street building measures 3,124 square feet and has 2 overhead doors
