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    Leased-Unit Commercial Building Title is generated by Realmo AI

    2702 Cunningham Avenue, Joplin, MO 64804

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    Claim this Listing
    Pending
    $950,000

    COMMERCIAL - Joplin, MO

    Property size:
    10,800 SF
    Lot size:
    0.53 Acres
    Added:
    Jul 21, 2025
    Days on Market:
    320
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 2702 Cunningham Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 1
    Standard status
    Pending
    APN
    19-5.0-16-40-001-014.000
    Size
    10,800 SF
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Description
    RJ Josephs Sub Beg 330 W Ne Cor Lot 5 Th S 147.14 W 190 N 203.7 E 140 S 54.62 E 50 M/l To Beg Being Part Lot 5
    Tax Annual Amount
    10712

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2014
    Number of units
    23
    Flooring type
    Ceramic, Concrete, Carpet
    Roof type
    Shingle

    We can help!

    Listing Contact
    Yvonne E Raczkowski
    Yvonne E Raczkowski

    Listing agent Yvonne E Raczkowski License #2006038914

    Listing office ReeceNichols Sunflower Joplin 2007 S Sergeant Avenue, Joplin, MO

    Listing date Jul 21, 2025

    MLS# 253961

    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

    • 6300 sq ft commercial space, southernmost unit currently leased
    • Built in 2014 with shingle roof
    • Central heating with natural gas; central air conditioning
    • Interior flooring includes ceramic, concrete, and carpet
    • Close to KCU Med and Cunningham Park; minutes to Freeman Hospital

    Overview

    This for-sale commercial property includes a southern-most unit that is currently leased; please do not disturb the tenant. The remaining space totals 6,300 square feet and is described as limited mainly by your imagination, supporting flexible buildout for medical office, retail, or general office use.

    The property is located at 2702 Cunningham Avenue in Joplin, Missouri (Jasper County). It sits among similarly sized neighborhood structures and is positioned close to KCU Med and Cunningham Park, with minutes to Freeman Hospital.

    For buyers, this configuration can be a practical fit for an operator seeking a larger, customizable footprint that can be adapted to multiple commercial categories. Given the existing leased unit, the property may also appeal to users who want to secure space for their business while maintaining a separate, tenant-leased component. For scheduling an appointment to view the available portion, call the listing office.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lindsey Brooks, Psy.D. Physician Behavior Management Associates ... Physician Scott M. Gordon, ... Physician Behavior Management Associates ... Counselor Dr. Stacy Bray Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    -94.536266
    Latitude
    37.061093

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    FAQs

    What type of property is this?
    Medical Office Space - Available 6,300 sq ft unit offers flexible medical, retail, or office use near KCU Med and minutes to Freeman Hospital.
    Where is this medical office space located?
    The property is located at 2702 Cunningham Avenue Joplin, MO.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 6300 sq ft commercial space, southernmost unit currently leased; Built in 2014 with shingle roof; Central heating with natural gas; central air conditioning
    (417) 437-0205
    We can help!
    Listing Contact
    Yvonne E Raczkowski
    Yvonne E Raczkowski
    Real Estate License ID: 2006038914
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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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