Free-Span Industrial
For Sale
$375,000
Pending
136 N Prigmore Avenue, Joplin, MO 64804
Commercial Sale, Joplin, MO
Property Size5,000 SF
Lot Size0.87 Acres
Days on Market80
Property Features for 136 N Prigmore Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Lot features
Level
Directions
East on 7th St from Mo-249, North on Prigmore Ave. Building on right side of road.
Standard status
Pending
APN
20100200000020003
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DUEN MISC COM 516.37' N OF SW COR SEC N 139.37' N 88 DEG E 30 2.78' S 139.37' WTO POB EX RD
Tax Annual Amount
2216
Legal Description
DUEN MISC COM 516.37' N OF SW COR SEC N 139.37' N 88 DEG E 30 2.78' S 139.37' WTO POB EX RD
Utilities
Utilities
Water Available
Heating system
Natural Gas
Cooling system
Gas (Cooling), Electric
Building Details
Year built
1999
Roof type
Metal
Listing Agency:
Keller Williams Local · Keller Williams Realty
(417) 883-4900
Listed By:
Adam Graddy · License #2004014961
(417) 501-5091
Added: Jun 10
Changed: Aug 19
Last Checked: Aug 28 at 9:06AM
MLS# 60326014
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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 in Joplin occupies a 0.87-acre site and features insulated metal construction, a free-span interior, and 17-foot ceiling heights. The building has a new metal roof, two 10-foot dock-high doors, and one 14-foot grade-level overhead door. More than 570 square feet of finished office space includes two private offices, a full bathroom, and storage above the offices. The office area is cooled and wired to accommodate the addition of 3-phase power.
The property is located at 136 N Prigmore Avenue in Joplin, Missouri. The lot provides parking, truck maneuvering space, outdoor storage potential, and room for future building expansion. Water is available, with natural gas heating and electric and gas cooling systems.
The property is located at 136 N Prigmore Avenue in Joplin, Missouri. The lot provides parking, truck maneuvering space, outdoor storage potential, and room for future building expansion. Water is available, with natural gas heating and electric and gas cooling systems.
Key Highlights
- 5,000 SF insulated metal warehouse on 0.87 acres
- Free‑span construction with 17' ceiling heights
- 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 64804, MO
38,078
Population
16,844
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
91.4 sq mi
ZIP Area
417
Density / Sq Mi
$62,081
Median Household Income
$34,780
Median Earnings
$886
Median Rent
$171,500
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.
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 - Insulated warehouse with dock access, a cooled office area, and a flexible layout for industrial operations.
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 insulated metal warehouse on 0.87 acres; Free‑span construction with 17' ceiling heights; Two 10' dock‑high doors and one 14' grade‑level overhead door
