Car Wash with Automatic
For Sale
$1,100,000
2573 N Rangeline Road, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size5,292 SF
Lot Size1.18 Acres
Price / SF$207.86
Days on Market178
Property Features for 2573 N Rangeline Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Carwash located south of the Southeast corner of Zora and Rangeline.
Subdivision
02 - Joplin City - NE
Standard status
Active
APN
15-9.0-31-020-003-003.000
Size
5,292 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Annual Amount
8828
Amenities
dryer bay
vacuum bags
Building Details
Year built
2001
Flooring type
Concrete
Roof type
Built-Up, Metal
Listing Agency:
KELLER WILLIAMS REALTY ELEVATE
(417) 623-9900
Listed By:
Tim Goostree Team · License #1999098900
(417) 437-5347
Added: Mar 12
Changed: Sep 3
Last Checked: Sep 5 at 1:06AM
MLS# 261309
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.
This operating car wash occupies a 5,292-square-foot building on 1.18 acres. The facility includes 2 automatic wash bays, 5 manual wash bays, a separate dryer bay, and vacuum equipment with 6 hoses. Concrete flooring supports the wash-focused layout, while the building features built-up and metal roofing.
Constructed in 2001, the property is located at 2573 N Rangeline Road in Joplin, Missouri, within Jasper County. The combination of automated and self-service components provides multiple wash formats within one established automotive property.
Constructed in 2001, the property is located at 2573 N Rangeline Road in Joplin, Missouri, within Jasper County. The combination of automated and self-service components provides multiple wash formats within one established automotive property.
Key Highlights
- 2 automatic wash bays and 5 manual wash bays
- 1.18‑acre car wash property
- 5,292‑square‑foot building
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
$53,496
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
4.86%
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%
$1,069,920
$1.1M
Cap Rate 7%
$764,229
$764.2K
Cap Rate 9%
$594,400
$594.4K
Market Conditions
NOI Build-Up for 5,292 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
$74.3K $14.04/SF
− Vacancy
−$3.0K −$0.56/SF
EGI
$71.3K $13.48/SF
− OpEx
−$17.8K −$3.37/SF
NOI
$53.5K $10.11/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,069,920
Cap Rate 7%
$764,229
Cap Rate 9%
$594,400
Alternative Uses
Best Use
Specialty Retail
$764.2K
$668.7K – $891.6K
NOI $53,496 @ 7.0% cap · market cap 4.86%
Second Best
Retail
$713.3K
$624.1K – $832.2K
NOI $49,929 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,767 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Joplin #5
Shops & Services
19,817 visits/mo
0.2 miles
Phillips 66
Shops & Services
7,833 visits/mo
0.1 miles
Demographics for 64801, MO
35,234
Population
17,460
Households
2
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
57.5 sq mi
ZIP Area
613
Density / Sq Mi
$51,360
Median Household Income
$31,103
Median Earnings
$884
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Operating car wash with automatic and manual wash options, a dryer bay, and vacuum equipment.
Where is this car wash located?
The property is located at 2573 N Rangeline Road Joplin, MO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2 automatic wash bays and 5 manual wash bays; 1.18‑acre car wash property; 5,292‑square‑foot building
