Multi-Tenant Retail
For Sale
Contact for pricing
1202 S Rangeline Rd, Joplin, MO 64801
Fully occupied retail center on a main thoroughfare with a newer roof and low annual expenses.
Property Size17,000 SF
Price / SF$205.88
Days on Market156
Property Features for 1202 S Rangeline Rd
General Information
Standard status
Active
Size
17,000 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Traffic Count
31,002 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Block & Company, Inc.
(816) 412-7365
Listed By:
Bob Jaekel · License #1999049244
Source:
Moodyscre
Added: Feb 24
Changed: Jul 29
Last Checked: Jul 29 at 9:13AM
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 Block & Company, Inc.
Investment Insights
Based on property information with market context.
This multi-tenant retail center is 100% occupied and positioned for day-to-day storefront activity. The property includes a newer roof and is described as having low annual expenses.
The center is centrally located on a main thoroughfare with a stated traffic count of 31,002 cars per day, supporting visibility for the existing tenant lineup. Current tenants include a nail salon, TitleMax, Palen Music, Pineda Market, Rent-A-Center, Paramount Staffing, and La Brasa's Bistro.
With the current tenant mix in place, the offering provides a straightforward, stabilized retail investment tied to an actively leased convenience-oriented retail environment.
The center is centrally located on a main thoroughfare with a stated traffic count of 31,002 cars per day, supporting visibility for the existing tenant lineup. Current tenants include a nail salon, TitleMax, Palen Music, Pineda Market, Rent-A-Center, Paramount Staffing, and La Brasa's Bistro.
With the current tenant mix in place, the offering provides a straightforward, stabilized retail investment tied to an actively leased convenience-oriented retail environment.
Key Highlights
- 100% occupied retail center
- Centrally located on a main thoroughfare
- Newer roof
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $238.7k | $14.04 |
| − Vacancy | −$9.5k | −$0.56 |
| EGI | $229.1k | $13.48 |
| − OpEx | −$57.3k | −$3.37 |
| NOI | $171.8k | $10.11 |
17,000 SF · lease $14.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.45M
$2.15M – $2.86M
NOI $171,850 @ 7.0% cap · market cap 4.91%
Second Best
Retail
$2.29M
$2.00M – $2.67M
NOI $160,393 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$5.13M
$4.49M – $5.98M
NOI $359,040 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
31,002 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
617k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Superstores 27%
Shops & Services 21%
Apparel 14%
Walmart
Superstores
141,630 visits/mo
0.4 miles
Academy Sports + Outdoors
Apparel
70,080 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
65,524 visits/mo
0.2 miles
Raising Cane's Chicken Fingers
Dining
42,873 visits/mo
0.1 miles
McDonald's
Dining
28,554 visits/mo
0.1 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
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail center on a main thoroughfare with a newer roof and low annual expenses.
Where is this strip mall located?
The property is located at 1202 S Rangeline Rd Joplin, MO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 100% occupied retail center; Centrally located on a main thoroughfare; Newer roof
