Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    204 East 7Th St Joplin, MO 64801

    View on Map
    Sponsored
    For Sale
    $1,699,000

    Commercial Sale, Other - Joplin, MO

    Property size:
    15,000 SF
    Days on Market:
    9
    Last Refresh:
    Mar 11 at 4:06 am

    Property Features for 204 East 7Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    15,000 SF

    Building Details

    Year built
    1970
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Heifner
    Michael Heifner

    NextHome, Inc

    Listing agent Michael Heifner (417) 627-5540 License #2014039207,PersonLicenseNumber

    Listing date Mar 2, 2026

    MLS# 260161 Listing URL

    Copyright © 2026 NextHome, Inc. 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 nearly 15,000 square foot commercial building is positioned just off Main Street and 7th Street (Route 66) in downtown Joplin. The property offers excellent exposure, strong traffic counts, and easy access. The building is configured with multiple usable areas, allowing for partial occupancy while customizing or leasing the rest. A portion is finished as a professional insurance office with quality finishes. Another section offers a large open area previously used as a church, well-suited for showroom, training, fitness, or assembly-style uses. An additional area was operated as a small salon with its own bathroom. The property includes nine bathrooms and multiple overhead doors. Outside, the sealed parking lot provides approximately 41 parking spaces. The layout can adapt to a wide range of business models. This property gives the ability to scale without relocating and offers visibility and functionality.
    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
    -94.51210785
    Latitude
    37.08376694

    Nearby Similar for Sale

    • New
      $354,000
      5,200 SF

      Well-Maintained Commercial Building in Joplin

      Spacious showroom, offices, and parking in West Joplin.
      2926 Junge Blvd, Joplin, MO 64801
      View Details
    • $395,000
      4,500 SF

      Spacious Office Building Near Downtown

      Versatile 4,500 sq. ft. office building near Downtown Joplin.
      403 E 4Th St, Joplin, MO 64801
      View Details
    • $750,000
      Pending

      Joplin Retail Property For Sale

      Multi-unit retail property in Joplin's medical district, near Freeman Health.
      1814 W 32Nd St, Joplin, MO 64804
      View Details
    • $525,000
      1,984 SF

      Unique Cigar Lounge on Route 66

      Cigar lounge with humidor, patio, and Route 66 location.
      1209 W 7Th St, Joplin, MO 64801
      View Details
    • New
      $1,000,000
      5,200 SF

      Versatile Live-Work Property in Joplin

      Shop space with living quarters, ideal for business or rental.
      4445 E Cypress Rd, Joplin, MO 64801
      View Details
    • New
      $600,000
      7,318 SF

      Versatile Commercial Building Near I-44

      Adaptable commercial property near medical corridor and Interstate 44.
      5734 S Main St, Joplin, MO 64801
      View Details
    • $695,000
      10,800 SF

      Versatile Commercial Building in Joplin

      10,800 SF commercial building suitable for various business uses.
      402 E 7Th St, Joplin, MO 64801
      View Details
    • $600,000
      7,318 SF

      Versatile Commercial Property Near I-44

      Adaptable commercial building near medical corridor, ideal for diverse uses.
      5734 S Main St, Joplin, MO 64801
      View Details
    • New
      $1,400,000
      3,600 SF

      Turnkey Commercial Buildings on Rangeline

      Remodeled office and shop buildings with ample storage and paving.
      3203 N Range Line Rd, Joplin, MO 64801
      View Details
    • $625,000
      Pending

      Move-In Ready Commercial Buildings

      Newly constructed commercial buildings ideal for diverse business uses.
      1315 W Zora, Joplin, MO 64801
      View Details
    • New
      $395,000
      5,670 SF

      Joplin Office Warehouse For Sale

      Office warehouse with six overhead doors in Joplin, Missouri.
      600 E Broadway St, Joplin, MO 64801
      View Details
    • $950,000
      10,800 SF

      Versatile Commercial Space in Joplin

      Adaptable 10,800 SF commercial property near medical facilities.
      2702 Cunningham Ave, Joplin, MO 64804
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Adaptable commercial building with high visibility and flexible space.
    Where is this mixed-use property located?
    The property is located at 204 East 7Th St Joplin, MO.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: - High-visibility location off Main Street and Route 66 in downtown Joplin with strong traffic counts.; - Large 15,000 square foot building offering space to operate and expand.; - Versatile layout with multiple usable areas suitable for various business types.
    (417) 540-6122
    Request Owner's contact information
    204 East 7Th St Joplin, MO 64801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    204 East 7Th St
    Joplin, MO 64801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 East 7Th St Joplin, MO 64801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Heifner
    Michael Heifner
    Real Estate License ID: 2014039207,PersonLicenseNumber
    (417) 540-6122 (417) 627-5540
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!