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    204 E 7Th St Joplin, MO 64801

    Sponsored
    For Sale
    $1,798,500

    COMMERCIAL - Joplin, MO

    Type:Retail
    Property size:
    14,700 SF
    Lot size:
    0.80 Acres
    Days on Market:
    36
    Last Refresh:
    Feb 25 at 2:06 am

    Property Features for 204 E 7Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 6, Bathroom 2, Bathroom 5, Bathroom 7, Bathroom 8, Bathroom 1, Bathroom 9, Bathroom 4, Bathroom 3
    Bathrooms
    9
    Size
    14,700 SF
    Lot size
    0.80 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Flooring type
    Concrete, Carpet, Vinyl
    Roof type
    Tar/Gravel, Rolled Hot Mop

    We can help!

    Listing Contact
    Michael Heifner
    Michael Heifner

    Paramount Real Estate Partners, LLC (417) 626-5540

    Listing agent Michael D. Heifner (417) 627-5540 License #2014039207

    Listing date Jan 21, 2026

    MLS# 260161

    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.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Building on Route 66

    This commercial building, totaling nearly 15,000 square feet, is located just off Main Street and 7th Street (Route 66) in downtown Joplin. The property offers high visibility, strong traffic counts, and easy access. The building is configured with multiple usable areas, allowing for partial occupancy and customization or leasing of the remaining space. A portion of the building is finished as a professional insurance office with quality finishes. Another section offers a large open area previously used as a church, suitable for showroom, training, fitness, or assembly-style uses. An additional area was operated as a small salon with its own bathroom. In total, the property includes nine bathrooms and multiple overhead doors. The layout can adapt to a wide range of business models. Outside, the sealed parking lot provides approximately 41 parking spaces. The property is situated on a 0.8-acre lot. The building can accommodate retail, office, or service-oriented businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Senior Insurance Specialists ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.512107
    Latitude
    37.083766

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    FAQs

    What type of property is this?
    Specialty property - 14,700 sq ft commercial building with high visibility location.
    Where is this specialty property located?
    The property is located at 204 E 7Th St Joplin, MO.
    What is the asking price?
    The asking price for this property is $1,798,500.
    What are key features of this property?
    This property features: - High-visibility location on Route 66, just off Main Street and 7th Street in downtown Joplin, offering excellent exposure and strong traffic counts.; - Approximately 15,000 square foot commercial building with multiple usable areas, allowing for immediate occupancy and future expansion or leasing opportunities.; - Adaptable layout suitable for various business models, including retail, office, service bays, showroom, training, fitness, or assembly-style uses.
    (417) 540-6122
    Request Owner's contact information
    204 E 7Th St Joplin, MO 64801
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    Joplin, MO 64801
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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.

    More about this property
    204 E 7Th St Joplin, MO 64801
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    We can help!
    Listing Contact
    Michael Heifner
    Michael Heifner
    Real Estate License ID: 2014039207,PersonLicenseNumber
    (417) 540-6122 (417) 627-5540
    Learn more
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