Live-Work Property with Automotive
For Sale
$599,000
Pending
201 County Road-180, Joplin, MO 64804
COMMERCIAL - Joplin, MO
Property Size4,390 SF
Lot Size2.75 Acres
Days on Market53
Property Features for 201 County Road-180
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Barbed Wire
Directions
E on 32nd St to County Rd 180, Head north, home is on the left.
Subdivision
04 - Joplin City - SE
Standard status
Pending
APN
20601400000012000
Size
4,390 SF
Lot size
2.75 Acres
Taxes and HOA fees
Tax Annual Amount
31480
Utilities
Heating system
Propane (Heating), Propane Stove
Cooling system
Wall Unit(s)
Amenities
Vehicle lift
Air compressors
Customer waiting area
Ample parking and workspace
Metal roof
Finished basement
Attached garage
Private septic system
Building Details
Year built
2021
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Realty One Group Grand
(417) 881-5888
Listed By:
Chance Mehrhoff · License #2022027430
(417) 438-5937
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 11 at 6:06AM
MLS# 263467
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.
Live-work property combining a ranch-style residence with an on-site automotive business. The home includes 3 bedrooms, 2 full bathrooms, a finished basement with a spacious family room, and an additional non-conforming bedroom. The main level has a living room, functional kitchen, and a primary suite with private bath. Flooring is listed as concrete, and the property includes an attached garage. Mechanical features include propane heat (including a propane stove) and wall unit cooling. The roof is metal, and fencing is barbed wire.
The automotive component is a fully equipped 2-bay shop designed for immediate operation, including a vehicle lift and air compressors, plus a customer waiting area. The property sits on 2.75 acres with approximately 600 feet of road frontage, supported by a private septic system and ample parking and workspace. The setting is rural, just minutes from Joplin amenities.
Together, the home and shop configuration provides a single-site opportunity for buyers seeking both residence and automotive operations under one roof, with room on the acreage to support business activity.
The automotive component is a fully equipped 2-bay shop designed for immediate operation, including a vehicle lift and air compressors, plus a customer waiting area. The property sits on 2.75 acres with approximately 600 feet of road frontage, supported by a private septic system and ample parking and workspace. The setting is rural, just minutes from Joplin amenities.
Together, the home and shop configuration provides a single-site opportunity for buyers seeking both residence and automotive operations under one roof, with room on the acreage to support business activity.
Key Highlights
- 2.75 acres with approximately 600 feet of road frontage with on‑site automotive business
- Fully equipped 2‑bay automotive shop with vehicle lift, air compressors, and customer waiting area
- Ranch home with 3 bedrooms, 2 full bathrooms, finished basement, and an additional non‑conforming bedroom
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
$41,419
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
6.91%
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%
$828,380
$828.4K
Cap Rate 7%
$591,700
$591.7K
Cap Rate 9%
$460,211
$460.2K
Market Conditions
NOI Build-Up for 4,390 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
$61.6K $14.04/SF
− Vacancy
−$2.5K −$0.56/SF
EGI
$59.2K $13.48/SF
− OpEx
−$17.8K −$4.04/SF
NOI
$41.4K $9.43/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$828,380
Cap Rate 7%
$591,700
Cap Rate 9%
$460,211
Alternative Uses
Best Use
Office B
$826.3K
$723.0K – $964.1K
NOI $57,843 @ 7.0% cap · market cap 9.66%
Second Best
Retail
$591.7K
$517.7K – $690.3K
NOI $41,419 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,717 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Live-work property featuring a ranch home and a fully equipped 2-bay automotive shop with vehicle lift, compressors, and customer waiting area.
Where is this live-work space located?
The property is located at 201 County Road-180 Joplin, MO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2.75 acres with approximately 600 feet of road frontage with on‑site automotive business; Fully equipped 2‑bay automotive shop with vehicle lift, air compressors, and customer waiting area; Ranch home with 3 bedrooms, 2 full bathrooms, finished basement, and an additional non‑conforming bedroom
