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    Mixed-Use Retail with Apartment Framing Title is generated by Realmo AI

    1726 S Main Street, Joplin, MO 64804

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    For Sale
    $397,000

    COMMERCIAL - Joplin, MO

    Type:Retail
    Property size:
    7,886 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $50/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 1726 S Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Size
    7,886 SF
    Lot size
    0.12 Acres

    Utilities

    Utilities
    Electricity Available

    Building Details

    Year built
    1930
    Flooring type
    Concrete, Hardwood
    Roof type
    Rubber

    We can help!

    Listing Contact
    Summer George

    Listing agent Summer George License #2010011832

    Listing office CHARLES BURT REALTORS 2300 E 7th, Joplin, MO

    Listing date Jun 5, 2026

    MLS# 263093

    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.

    HighLights

    • Main St (aka Highway 43) frontage with a reported 20,000 daily traffic count
    • Includes rubber roof and high ceilings with open‑space main level area
    • Year built: 1930; flooring includes concrete and hardwood
    • Apartment space is zoned C‑2; commercial main level space is zoned M‑2
    • 4 potential apartments already framed with plumbing ran, ducting installed, and spray foam insulation under apartments
    • Purchase options for 22,886 SF total—buy part or all, including individual or grouped bays; water lines ran from a new riser that can accommodate a sprinkler system for both parcels

    Overview

    This mixed-use property presents a commercial main level with high ceilings and open space designed for tenant or buyer customization. The apartment portion is already in place in a partially framed condition, with 4 potential apartments framed, plumbing run, ducting installed, and spray foam insulation installed under the apartment area. A new water riser has been run with water lines that can accommodate a sprinkler system for both parcels, supporting occupancy planning as the buildout progresses.

    Located on Main Street (Highway 43) with reported 20,000 daily traffic, the site offers direct frontage for visibility and customer access. Apartment space is described as zoned C-2, while commercial main level space is described as zoned M-2. The sale includes options to purchase part or all of the available 22,886 square feet, with several options to purchase individual or grouped bays.

    For tenants, the configuration supports a retail or service use that benefits from Main Street exposure, with space that can be shaped to the requirements of the business. For owner-users or developers, the combination of framed residential units and prepared mechanical/plumbing elements offers a practical path to converting portions of the building into income-generating apartments while retaining the commercial main level under a separate zoning designation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.514355
    Latitude
    37.072152

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    FAQs

    What type of property is this?
    Mixed-use property - Main Street frontage with high daily traffic and framed apartment space for a combined retail and residential setup.
    Where is this mixed-use property located?
    The property is located at 1726 S Main Street Joplin, MO.
    What is the asking price?
    The asking price for this property is $397,000.
    What are key features of this property?
    This property features: Main St (aka Highway 43) frontage with a reported 20,000 daily traffic count; Includes rubber roof and high ceilings with open‑space main level area; Year built: 1930; flooring includes concrete and hardwood
    (417) 388-4132
    We can help!
    Listing Contact
    Summer George
    Real Estate License ID: 2010011832
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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