Historic Route 66 Auto
For Sale
$295,000
1014 W 7th Street, Joplin, MO 64801
COMMERCIAL - Joplin, MO
Property Size2,200 SF
Lot Size0.91 Acres
Price / SF$134.09
Days on Market517
Property Features for 1014 W 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Maiden Lane & W 7th Street - head east on 7th Street to property on the corner of 7th Street and Chestnut Avenue
Subdivision
01 - Joplin City - NW
Standard status
Active
APN
19201020003001000
Size
2,200 SF
Lot size
0.91 Acres
Taxes and HOA fees
Tax Annual Amount
3149
Utilities
Heating system
Other (Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1930
Number of units
1
Flooring type
Concrete
Roof type
Shingle
Listing Agency:
The Essential Real Estate
(417) 233-1287
Listed By:
The Flanagan Group, Don Fifer · License #2020033847 MO / 00251588 KS / PB00099013 AR / 2102
(417) 434-4415
Added: Mar 13, 2025
Changed: Aug 7
Last Checked: Aug 11 at 4:06AM
MLS# 251230
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.
Originally built in 1928, this former Sinclair Tire Shop offers a rare, historically themed automotive property with a building size of 2,200 SF. The site totals nearly one acre and includes more than 260 feet of Route 66 road frontage, positioned to support strong street-facing exposure. Planned improvements are noted for the sidewalk, curb, walkway, and ingress/egress.
The property is located on Historic Route 66 in Joplin, Missouri, in a high-traffic area near schools, restaurants, and essential services. It is described as minutes from Downtown Joplin and Schifferdecker Ave, providing convenient access for customers and day-to-day visitors.
With an automotive heritage and prominent highway frontage, the building may be a practical fit for an owner-operator or investor seeking a roadside commercial asset. Its existing tire shop origin can support a variety of automotive or service-oriented uses, and the ongoing site work to circulation elements may help maintain access and arrival flow for tenants or customers.
The property is located on Historic Route 66 in Joplin, Missouri, in a high-traffic area near schools, restaurants, and essential services. It is described as minutes from Downtown Joplin and Schifferdecker Ave, providing convenient access for customers and day-to-day visitors.
With an automotive heritage and prominent highway frontage, the building may be a practical fit for an owner-operator or investor seeking a roadside commercial asset. Its existing tire shop origin can support a variety of automotive or service-oriented uses, and the ongoing site work to circulation elements may help maintain access and arrival flow for tenants or customers.
Key Highlights
- Prime location on Historic Route 66 with high visibility and over 260 feet of road frontage.
- 2,200 sqft building on nearly 1 acre of land.
- Close proximity to schools, restaurants, essential services, and Downtown Joplin.
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
$20,757
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
7.04%
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%
$415,140
$415.1K
Cap Rate 7%
$296,529
$296.5K
Cap Rate 9%
$230,633
$230.6K
Market Conditions
NOI Build-Up for 2,200 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
$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 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%
$415,140
Cap Rate 7%
$296,529
Cap Rate 9%
$230,633
Alternative Uses
Best Use
Retail
$296.5K
$259.5K – $346.0K
NOI $20,757 @ 7.0% cap · market cap 7.04%
Second Best
Industrial
$127.4K
$111.5K – $148.6K
NOI $8,917 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$663.8K
$580.8K – $774.4K
NOI $46,464 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
204k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Superstores 37%
Shops & Services 17%
Walmart
Superstores
75,939 visits/mo
0.4 miles
McDonald's
Dining
21,610 visits/mo
0.5 miles
Joplin #9
Shops & Services
19,490 visits/mo
0.5 miles
SONIC Drive In
Dining
14,714 visits/mo
0.4 miles
Taco Bell
Dining
14,483 visits/mo
0.3 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 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
- Chris Coats Towing — 1230 S Joplin Ave, Joplin, MO 64801
- Lewis Auto Painting — 1048 S Wall Ave, Joplin, MO 64801
Frequently Asked Questions
What type of property is this?
Auto shop - A 2,200 SF building on nearly an acre with 260+ feet of Route 66 frontage in a high-traffic commercial area.
Where is this auto shop located?
The property is located at 1014 W 7th Street 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: Prime location on Historic Route 66 with high visibility and over 260 feet of road frontage.; 2,200 sqft building on nearly 1 acre of land.; Close proximity to schools, restaurants, essential services, and Downtown Joplin.
