Single-Family Home with Detached
For Sale
$333,000
4659 Gateway Drive, Joplin, MO 64804
Commercial Sale, Joplin, MO
Property Size2,257 SF
Lot Size6.11 Acres
Price / SF$147.54
Days on Market56
Property Features for 4659 Gateway Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Basement
Crawl Space
Directions
From I-44 take rangeline exit. head south. home will be on your left.
Subdivision
13 - Neosho Area
Standard status
Active
APN
0930060000000130010
Size
2,257 SF
Lot size
6.11 Acres
Taxes and HOA fees
Tax Annual Amount
1782
Utilities
Heating system
Heat Pump (Heating), Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1960
Flooring type
Carpet, Vinyl, Ceramic
Roof type
Shingle
Listing Agency:
The Essential Real Estate
(417) 233-1287
Listed By:
The Flanagan Group, Adam Escoto · License #2023037937
(417) 619-6214
Added: Jul 10
Changed: Aug 25
Last Checked: Sep 3 at 11:06AM
MLS# 263792
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 single-family home sits on 6.11 acres just outside Joplin city limits and features 4 bedrooms and 2 bathrooms. The property offers 2,257 square feet of living space with a layout described as spacious and well-suited to everyday use. Outside, there is a large detached 2-car garage and a barn, providing additional storage and workspace options.
The address is 4659 Gateway Drive in Joplin, Missouri. The home is positioned for convenience to town, with the public remarks noting it is just minutes from town.
For tenants, buyers, or owner-operators looking for room to operate and store equipment, the detached garage and barn add practical utility alongside the main residence. Schedule a private tour to review the layout and outbuildings in person.
The address is 4659 Gateway Drive in Joplin, Missouri. The home is positioned for convenience to town, with the public remarks noting it is just minutes from town.
For tenants, buyers, or owner-operators looking for room to operate and store equipment, the detached garage and barn add practical utility alongside the main residence. Schedule a private tour to review the layout and outbuildings in person.
Key Highlights
- 4‑bedroom, 2‑bath home with 2,257 sqft on 6.11 acres just outside Joplin city limits
- Detached 2‑car garage plus barn for storage, hobbies, or business‑related space
- Central air and central heating with heat pump (heating)
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
$17,816
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
5.35%
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%
$356,320
$356.3K
Cap Rate 7%
$254,514
$254.5K
Cap Rate 9%
$197,956
$198.0K
Market Conditions
NOI Build-Up for 2,257 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
$35.2K $15.60/SF
− Vacancy
−$2.8K −$1.25/SF
EGI
$32.4K $14.35/SF
− OpEx
−$14.6K −$6.46/SF
NOI
$17.8K $7.89/SF
Area
Jasper County, MO
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$356,320
Cap Rate 7%
$254,514
Cap Rate 9%
$197,956
Alternative Uses
Best Use
Apartment 5plus
$254.5K
$222.7K – $296.9K
NOI $17,816 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$681.0K
$595.9K – $794.5K
NOI $47,668 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 64804, MO
38,078
Population
16,844
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
91.4 sq mi
ZIP Area
417
Density / Sq Mi
$62,081
Median Household Income
$34,780
Median Earnings
$886
Median Rent
$171,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Single-family home on 6.11 acres with 4 bedrooms, 2 baths, and a detached 2-car garage plus barn.
Where is this single family property located?
The property is located at 4659 Gateway Drive Joplin, MO.
What is the asking price?
The asking price for this property is $333,000.
What are key features of this property?
This property features: 4‑bedroom, 2‑bath home with 2,257 sqft on 6.11 acres just outside Joplin city limits; Detached 2‑car garage plus barn for storage, hobbies, or business‑related space; Central air and central heating with heat pump (heating)
