Two-Story Flex Space with
111 W 20th Street, Joplin, MO 64804
For Sale
New
$310,000
The property combines warehouse and office areas with both single- and three-phase electrical service.
Property Size7,650 SF
Price / SF$40.52
Days on Market3
Property Features for 111 W 20th Street
General Information
Standard status
Size
Zoning
Additional Details
Three-Phase Power
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Hardwood,Carpet,Concrete,Vinyl
Yes
2
No
Fence - Full,Chain Link
0.13
120x47
7650.0
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
KELLER WILLIAMS REALTY ELEVATE
Listed By:
J. Lowe & Associates, Judy Lowe · License #2014008755
(417) 793-7122
Source:
Pryerrealtygroup
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 8 at 2:28PM
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 KELLER WILLIAMS REALTY ELEVATE
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Investment Insights
Based on property information with market context.
This 7,650-square-foot flex property has two levels and combines warehouse, office, and functional business space. Warehouse features include an 8-foot overhead door, loading area, freight elevator, and heating. The office portion is heated and cooled, with two private offices, a reception area, a break room, and one bathroom. Construction includes a concrete block structure with a stucco exterior, and the property has chain-link fencing. Zoning is C1.
The property occupies a 0.13-acre site at the corner of W 20th Street and Joplin. It was built in 1920. Upstairs heating HVAC and the sewer system were replaced in 2021. Electrical service includes both single-phase and three-phase power.
The property occupies a 0.13-acre site at the corner of W 20th Street and Joplin. It was built in 1920. Upstairs heating HVAC and the sewer system were replaced in 2021. Electrical service includes both single-phase and three-phase power.
Key Highlights
- 7,650‑square‑foot, two‑story flex property with warehouse and office areas
- Warehouse includes an 8' overhead door, loading area, freight elevator, and heating
- Office area has two private offices, reception, break room, and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,045
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,900
$560.9K
Cap Rate 7%
$400,643
$400.6K
Cap Rate 9%
$311,611
$311.6K
Market Conditions
NOI Build-Up for 7,650 SF
Gross rent
$45.9K $6.00/SF
− Vacancy
−$2.8K −$0.36/SF
EGI
$43.1K $5.64/SF
− OpEx
−$15.1K −$1.97/SF
NOI
$28.0K $3.67/SF
Area
Jasper County, MO
Vacancy
6.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,900
Cap Rate 7%
$400,643
Cap Rate 9%
$311,611
Alternative Uses
Best Use
Warehouse
$537.8K
$470.6K – $627.5K
NOI $37,649 @ 7.0% cap · market cap 12.14%
Second Best
Industrial
$442.9K
$387.6K – $516.8K
NOI $31,005 @ 7.0% cap · market cap 10.00%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,568 @ 7.0% cap · market cap 52.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Under-served
Demand for This Use
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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
$171,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Joplin, MO
Properties on Market for Flex space in Joplin
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The property combines warehouse and office areas with both single- and three-phase electrical service.
Where is this flex space located?
The property is located at 111 W 20th Street Joplin, MO.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 7,650‑square‑foot, two‑story flex property with warehouse and office areas; Warehouse includes an 8' overhead door, loading area, freight elevator, and heating; Office area has two private offices, reception, break room, and one bathroom
