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    Versatile Commercial Building in Joplin Title is generated by Realmo AI

    2531 E 32nd Street, Joplin, MO 64804

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    For Sale
    $799,000

    COMMERCIAL - Joplin, MO

    Property size:
    7,000 SF
    Lot size:
    0.64 Acres
    Price / SF:
    $114/SF
    Added:
    Mar 12, 2026
    Days on Market:
    59
    Last Refresh:
    May 9 at 5:06 am

    Property Features for 2531 E 32nd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C1-PD
    Standard status
    Active
    Size
    7,000 SF
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8289

    Utilities

    Heating system
    Natural Gas, Central
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Flooring type
    Vinyl, Laminate, Carpet
    Roof type
    Composition

    We can help!

    Listing Contact
    Macfee Team, Lindsey Macfee

    Listing agent Macfee Team, Lindsey Macfee License #2005002710

    Listing office Realty One Group Ovation 2730 S Rangeline Rd, Joplin, MO

    Listing date Mar 12, 2026

    MLS# 261300

    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

    • Approximately 7,000 sq ft commercial building in a prime Joplin location.
    • Versatile layout suitable for medical, professional, or office use.
    • Established medical‑style floor plan with multiple exam/office rooms and reception area.
    • Upstairs living quarters provide exceptional flexibility.
    • Staff break area with kitchen including gas range, dishwasher, microwave, and garbage disposal.
    • Large 24 x 47 upper‑level space for storage, offices, or workspace.

    Overview

    Located on E 32nd St in Joplin, this approximately 7,000 sq ft commercial building offers a highly functional layout. It was previously used as a doctor's office and later as a behavioral health center, making it well-suited for medical, professional, or office use. The main level features a welcoming front reception area just inside the entrance along with multiple exam or office rooms designed to accommodate a variety of professional needs. A staff break area includes a kitchen equipped with a gas range, dishwasher, microwave, and garbage disposal, providing convenience for employees throughout the workday. Upstairs, the property includes a spacious living quarters that adds exceptional flexibility. The upper level also includes a large 24 x 47 space that can be used for storage, additional offices, or expanded workspace. Situated on a 0.64-acre lot, this property has C1-PD zoning. With a versatile layout, established medical-style floor plan, and prime Joplin location, this property offers excellent potential for continued medical use, professional offices, counseling services, or other commercial ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Care For Women Joplin Physician Ciri Corbin Physician My World ABA Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.487592
    Latitude
    37.055227

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    FAQs

    What type of property is this?
    Medical Office Space - 7,000 sq ft commercial building suitable for medical or office.
    Where is this medical office space located?
    The property is located at 2531 E 32nd Street Joplin, MO.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Approximately 7,000 sq ft commercial building in a prime Joplin location.; Versatile layout suitable for medical, professional, or office use.; Established medical‑style floor plan with multiple exam/office rooms and reception area.
    (417) 396-1397
    We can help!
    Listing Contact
    Macfee Team, Lindsey Macfee
    Real Estate License ID: 2005002710
    Learn More
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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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    2531 E 32nd Street, Joplin, MO 64804
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