Cigar Lounge With Walk-In
For Sale
$495,000
1209 W 7th Street, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size1,984 SF
Lot Size0.21 Acres
Price / SF$249.50
Days on Market404
Property Features for 1209 W 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Fencing
Partial
Directions
.3 miles east from W 7th Street and Maiden Lane, on the north side of the road.
Subdivision
03 - Joplin City - SW
Standard status
Active
Size
1,984 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
2122
Utilities
Utilities
Electricity Available
Heating system
Central, Natural Gas
Cooling system
Central Air
Amenities
large walk-in humidor
outdoor patio seating
secret doors
antique furniture and decor
upstairs apartment
Building Details
Flooring type
Vinyl, Carpet
Roof type
Shingle
Listing Agency:
Andrew Bright & Associates
(620) 313-0127
Listed By:
John Hyman · License #2014018673
(417) 437-9051
Added: Aug 1, 2025
Changed: Sep 6
Last Checked: Sep 8 at 12:06AM
MLS# 254241
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 1,984-square-foot cigar lounge occupies a 0.21-acre property with a large walk-in humidor, outdoor patio seating, wood siding, and interior furnishings and decor accumulated over more than a decade. Antique pieces, vinyl and carpet flooring, and concealed doors contribute to the property's distinctive character. One concealed passage connects to an upstairs apartment.
The property is located at 1209 W 7th Street in Joplin, Missouri, along Route 66. It is zoned C3 and includes the operating business and memberships in the sale. Building systems include central heating with natural gas, central air conditioning, shingle roofing, partial fencing, and available electricity.
The property is located at 1209 W 7th Street in Joplin, Missouri, along Route 66. It is zoned C3 and includes the operating business and memberships in the sale. Building systems include central heating with natural gas, central air conditioning, shingle roofing, partial fencing, and available electricity.
Key Highlights
- 1,984‑square‑foot cigar lounge on a 0.21‑acre property
- Large walk‑in humidor with cigar inventory and selection
- Outdoor patio seating and distinctive wood‑sided exterior
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
$20,056
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
4.05%
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%
$401,120
$401.1K
Cap Rate 7%
$286,514
$286.5K
Cap Rate 9%
$222,844
$222.8K
Market Conditions
NOI Build-Up for 1,984 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
$27.9K $14.04/SF
− Vacancy
−$1.1K −$0.56/SF
EGI
$26.7K $13.48/SF
− OpEx
−$6.7K −$3.37/SF
NOI
$20.1K $10.11/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
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%
$401,120
Cap Rate 7%
$286,514
Cap Rate 9%
$222,844
Alternative Uses
Best Use
Specialty Retail
$286.5K
$250.7K – $334.3K
NOI $20,056 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$267.4K
$234.0K – $312.0K
NOI $18,719 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$598.6K
$523.8K – $698.4K
NOI $41,902 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
112k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 29%
McDonald's
Dining
21,610 visits/mo
0.2 miles
SONIC Drive In
Dining
14,714 visits/mo
0.3 miles
Dollar Tree
Shops & Services
14,287 visits/mo
0.2 miles
Wendy's
Dining
12,916 visits/mo
0.3 miles
Starbucks
Dining
10,723 visits/mo
0.3 miles
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 Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- O K Bar & Billiards — 1516 S Main St, Joplin, MO 64804
- Palace Pizza — 1208 S Main St, Joplin, MO 64801
- Pub Bar — 904 S Main St, Joplin, MO 64801
- Brew Pub & Parlor — 813 S Main St, Joplin, MO 64801
- Guitars Rock N' Country Bar — 1800 W 7th St, Joplin, MO 64801
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established lounge property with patio seating, distinctive interior finishes, and the operating business and memberships included.
Where is this bar & pub located?
The property is located at 1209 W 7th Street Joplin, MO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,984‑square‑foot cigar lounge on a 0.21‑acre property; Large walk‑in humidor with cigar inventory and selection; Outdoor patio seating and distinctive wood‑sided exterior
