Sign Up Successful!
You now have access to more from Realmo!
    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

    410/422 S Jackson Ave Joplin, MO 64801

    Sponsored
    For Sale
    $1,550,000

    MULTI_FAMILY - Other - Joplin, MO

    Type:Apartment
    Property size:
    9,286 SF
    Lot size:
    0.90 Acres
    Days on Market:
    49
    Last Refresh:
    Jan 22 at 7:06 am

    Property Features for 410/422 S Jackson Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 8, Bedroom 6, Bedroom 7, Bathroom 17, Bedroom 9, Bathroom 12, Bedroom 10, Bathroom 16, Bedroom 5, Bathroom 13, Bedroom 3, Bedroom 1, Bedroom 11, Bathroom 14, Bedroom 16, Basement, Bathroom 2, Bathroom 6, Bedroom 15, Bathroom 8, Bathroom 1, Bathroom 4, Bathroom 7, Bathroom 5, Bedroom 4, Bedroom 17, Bathroom 18, Bedroom 14, Bathroom 3, Bathroom 9, Bathroom 15, Bedroom 13, Bedroom 12, Bathroom 10, Bathroom 11, Bedroom 18
    Bedrooms
    18
    Bathrooms
    18
    APN
    35-013283-0000
    Basement
    Partial
    Size
    9,286 SF
    Lot size
    0.90 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Number of units
    18
    Flooring type
    Vinyl, Laminate
    Roof type
    Rolled Hot Mop
    Architectural style
    Other

    We can help!

    Listing Contact
    Luke Gibson

    GLENN GROUP LLC (417) 434-4845

    Listing agent Luke Gibson (417) 434-4845 License #2015033987

    Listing date Dec 5, 2025

    MLS# 256720 Listing URL

    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

    Multifamily Property with Expansion Potential

    This multifamily property offers both current income and future growth potential. It features 14 ground-level one-bedroom, one-bath units, all of which are fully leased. Additionally, there are four new construction units underway, with projected delivery in early 2026. The property, originally a commercial office building, was redeveloped into a multifamily complex approximately six years ago. This redevelopment resulted in modernized layouts, updated systems, and efficient, low-maintenance construction. The existing units are single-level, providing accessibility and consistent tenant demand. The property is located in central Joplin, blocks from Downtown and close to employment centers, retail, and services. It has a strong rental history and a stable tenant base, combining immediate cash flow with new units to boost future revenue. The property size is 9286 square feet and the lot size is 0.9 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.521625
    Latitude
    37.08741

    Nearby Similar for Sale

    • New
      $1,798,500
      14,700 SF

      Versatile Commercial Building on Route 66

      14,700 sq ft commercial building with high visibility location.
      204 E 7Th St, Joplin, MO 64801
      View Details
    • New
      $1,798,500
      15,000 SF

      Versatile Commercial Building on Route 66

      Adaptable commercial building in downtown Joplin with high visibility.
      204 East 7Th St, Joplin, MO 64801
      View Details
    • $990,000
      11,081 SF

      Historic Route 66 Mixed-Use Property

      Mixed-use property with retail/office space and luxury loft residence.
      524 S Main St, Joplin, MO 64801
      View Details
    • $644,000
      4,948 SF

      Joplin Multifamily Investment Opportunity

      Four income-generating properties in Joplin and Webb City.
      2115 2Nd St, Joplin, MO 64801
      View Details
    • $575,000
      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
    • $225,000
      1,984 SF

      Route 66 Commercial Property

      Unique commercial space with live-work potential on historic Route 66.
      1209 W 7Th St, Joplin, MO 64801
      View Details
    • $3,990,000
      58,801 SF

      Historic Olivia Apartments: Restoration Opportunity

      Iconic five-story building in Joplin's historic district, ready for revitalization.
      320 S Moffet Ave, Joplin, MO 64801
      View Details
    • New
      $190,000
      15,000 SF

      Historic Mixed-Use Property in Joplin

      15,000 sq ft historic property in Joplin's Historic District.
      830 Main St, Joplin, MO 64801
      View Details
    • $729,900
      9,185 SF

      Downtown Joplin Landmark with Garage

      Reimagined 9,200 SF property with showroom garage and sport court.
      102 S Wall Ave, Joplin, MO 64801
      View Details
    • $1,670,000
      Pending

      Versatile Industrial Site in Joplin

      Multi-building industrial site with warehouse, office, and ample yard.
      516 S Adele Ave, Joplin, MO 64801
      View Details
    • $625,000
      4,330 SF

      Move-In Ready Commercial Buildings

      Newly constructed commercial buildings ideal for diverse business uses.
      1315 W Zora, Joplin, MO 64801
      View Details
    • $3,900,000
      23,470 SF

      Restored Mixed-Use Building in Joplin

      Historic building with residential and commercial units in downtown Joplin.
      223 W 3Rd St, Joplin, MO 64801
      View Details

    FAQs

    What type of property is this?
    Apartment building - Leased units with new construction in central Joplin location.
    Where is this apartment building located?
    The property is located at 410/422 S Jackson Ave Joplin, MO.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Fully leased, income-producing property featuring 14 ground-level, 1 bed/1 bath units.; - Four new construction units scheduled for delivery in early 2026, offering future revenue growth.; - Recent full redevelopment (approx. 6 years ago) from a commercial office building into a modern multifamily property.
    (417) 359-6868
    Request Owner's contact information
    410/422 S Jackson Ave 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.
    410/422 S Jackson Ave
    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
    410/422 S Jackson Ave 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
    Luke Gibson
    Real Estate License ID: 2015033987
    (417) 359-6868
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.