Insulated Warehouse
For Sale
$375,000
136 N Prigmore Avenue, Joplin, MO 64801
COMMERCIAL - Joplin, MO
Property Size5,000 SF
Lot Size0.87 Acres
Price / SF$75
Days on Market80
Property Features for 136 N Prigmore Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
East on 7th St from Mo-249, North on Prigmore Ave. Building on right side of road.
Subdivision
04 - Joplin City - SE
Standard status
Active
APN
20100200000020003
Size
5,000 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Annual Amount
2216
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Greater Springfield Realty, LLC
(417) 883-4900
Listed By:
Adam Graddy · License #2004014961
(417) 501-5091
Added: Jun 10
Changed: Aug 4
Last Checked: Aug 28 at 9:06AM
MLS# 263269
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 5,000-square-foot warehouse occupies a 0.87-acre site and features insulated metal construction, a new metal roof, and free-span interior space. The building has 17-foot ceilings, concrete flooring, natural gas heat, and central air. Loading is configured with two 10-foot dock-high doors and one 14-foot grade-level overhead door. The property is wired for the addition of 3-phase power.
More than 570 square feet of finished office area includes two private offices, a full bathroom, and storage above the offices. The site also provides parking, truck maneuverability, and outdoor storage potential, with room for future building expansion. Located at 136 N Prigmore Avenue in Joplin, Missouri, the property supports warehouse, distribution, manufacturing, logistics, storage, and other commercial operations.
More than 570 square feet of finished office area includes two private offices, a full bathroom, and storage above the offices. The site also provides parking, truck maneuverability, and outdoor storage potential, with room for future building expansion. Located at 136 N Prigmore Avenue in Joplin, Missouri, the property supports warehouse, distribution, manufacturing, logistics, storage, and other commercial operations.
Key Highlights
- 5,000 SF warehouse on 0.87 acres
- 17' ceiling heights with free‑span construction
- Two 10' dock‑high doors and one 14' grade‑level overhead door
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
$24,608
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
6.56%
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%
$492,160
$492.2K
Cap Rate 7%
$351,543
$351.5K
Cap Rate 9%
$273,422
$273.4K
Market Conditions
NOI Build-Up for 5,000 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
$30.0K $6.00/SF
− Vacancy
−$1.1K −$0.21/SF
EGI
$29.0K $5.79/SF
− OpEx
−$4.3K −$0.87/SF
NOI
$24.6K $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%
$492,160
Cap Rate 7%
$351,543
Cap Rate 9%
$273,422
Alternative Uses
Best Use
Warehouse
$351.5K
$307.6K – $410.1K
NOI $24,608 @ 7.0% cap · market cap 6.56%
Second Best
Industrial
$289.5K
$253.3K – $337.8K
NOI $20,265 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,600 @ 7.0% cap · market cap 28.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Well-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
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Similar Off Market Nearby
- BECKHAM MARINE — Jackson Township, MO 64801
- Rosebrough Storage — 8443 E 7th St, Joplin, MO 64801
Frequently Asked Questions
What type of property is this?
Warehouse - Free-span industrial space with dock-high and grade-level loading, office improvements, and climate control throughout.
Where is this warehouse located?
The property is located at 136 N Prigmore Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5,000 SF warehouse on 0.87 acres; 17' ceiling heights with free‑span construction; Two 10' dock‑high doors and one 14' grade‑level overhead door
