Building Details

Year Built 1930

Buildings 1

Listing Agency: The Essential Real Estate

Listed By: Donald Fifer · License #PB00099013 Show Phone

Source: Trilakeshomesearch

Added: Sep 29 Changed: Oct 16 Last Checked: Oct 16 at 2:23PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Essential Real Estate

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Investment Insights

Based on property information with market context.

This 2,200-square-foot auto shop occupies a site of nearly 1 acre, with more than 260 feet of frontage along Historic Route 66. The property was originally used as a Sinclair Tire Shop.

Located at 1014 W 7th St in Joplin, the building is minutes from downtown. Sidewalk, curb, walkway, and ingress and egress improvements are planned.

Key Highlights

• 2,200 sqft building on nearly 1 acre
• Over 260 feet of frontage on Historic Route 66
• Originally a Sinclair Tire Shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,757

Cap Rate

7.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$415,140 $415.1K

Cap Rate 7%

$296,529 $296.5K

Cap Rate 9%

$230,633 $230.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,200 SF

Gross rent

$30.9K $14.04/SF

− Vacancy

−$1.2K −$0.56/SF

EGI

$29.7K $13.48/SF

− OpEx

−$8.9K −$4.04/SF

NOI

$20.8K $9.43/SF

Area

Jasper County, MO

Vacancy

4.00%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$415,140

Cap Rate 7%

$296,529

Cap Rate 9%

$230,633

Alternative Uses

Best Use

Retail

$296.5K

$259.5K – $346.0K (±1% cap)

NOI $20,757 @ 7.0% cap · market cap 7.04%

Second Best

Industrial

$127.4K

$111.5K – $148.6K (±1% cap)

NOI $8,917 @ 7.0% cap · market cap 3.02%

Theoretical Best

Office A

$663.8K

$580.8K – $774.4K (±1% cap)

NOI $46,464 @ 7.0% cap · market cap 15.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

WHONEX LLC Car Wash

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Veterinary Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,286

Businesses Nearby

90k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 76% Shops & Services 23%

McDonald's Dining

21,610 visits/mo 0.4 miles

SONIC Drive In Dining

14,714 visits/mo 0.5 miles

Dollar Tree Shops & Services

14,287 visits/mo 0.4 miles

Wendy's Dining

12,916 visits/mo 0.4 miles

Starbucks Dining

10,723 visits/mo 0.5 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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• Chris Coats Towing — 1230 S Joplin Ave, Joplin, MO 64801
• Lewis Auto Painting — 1048 S Wall Ave, Joplin, MO 64801
• Allied Oil & Supply, Inc. — 1301 Virginia Ave, Joplin, MO 64801
• Wrenchin' Ricks Auto Repair — 1301 S Main St, Joplin, MO 64801
• PHP Specialists — 1039 S Joplin Ave, Joplin, MO 64801

Frequently Asked Questions

What type of property is this?

Auto shop - The shop fronts Historic Route 66 within minutes of downtown Joplin.

Where is this auto shop located?

The property is located at 1014 W 7th St Joplin, MO.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: 2,200 sqft building on nearly 1 acre; Over 260 feet of frontage on Historic Route 66; Originally a Sinclair Tire Shop