Route 66 Auto
For Sale
$295,000
1014 W 7th Street, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size2,200 SF
Lot Size0.91 Acres
Price / SF$134.09
Days on Market551
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: Sep 7
Last Checked: Sep 14 at 2:06AM
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.
This 2,200-square-foot auto shop occupies a 0.91-acre parcel at 1014 W 7th Street in Joplin. The building includes concrete flooring, wall-unit cooling, other heating, and a shingle roof. The property began as a Sinclair Tire Shop, connecting the building to Route 66 automotive history.
More than 260 feet of road frontage along Historic Route 66 provides direct exposure from the corridor. The site is near schools, restaurants, essential services, Downtown Joplin, and Schifferdecker Ave. Planned improvements to the sidewalk, curb, walkway, and ingress/egress are also noted.
More than 260 feet of road frontage along Historic Route 66 provides direct exposure from the corridor. The site is near schools, restaurants, essential services, Downtown Joplin, and Schifferdecker Ave. Planned improvements to the sidewalk, curb, walkway, and ingress/egress are also noted.
Key Highlights
- 2,200‑square‑foot auto shop building
- 0.91‑acre parcel
- Over 260 feet of Route 66 road frontage
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
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Chris Coats Towing — 1230 S Joplin Ave, Joplin, MO 64801
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- 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 - Concrete-floored commercial building with wall-unit cooling on nearly an acre.
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: 2,200‑square‑foot auto shop building; 0.91‑acre parcel; Over 260 feet of Route 66 road frontage
