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 Market202
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) 753-6000
Listed By:
Bob Jaekel · License #1999049244
(816) 412-7365
Source:
Moodyscre
Added: Feb 24
Changed: Sep 3
Last Checked: Sep 13 at 9:12AM
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
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
$160,393
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
4.58%
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%
$3,207,860
$3.2M
Cap Rate 7%
$2,291,329
$2.3M
Cap Rate 9%
$1,782,144
$1.8M
Market Conditions
NOI Build-Up for 17,000 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
$238.7K $14.04/SF
− Vacancy
−$9.5K −$0.56/SF
EGI
$229.1K $13.48/SF
− OpEx
−$68.7K −$4.04/SF
NOI
$160.4K $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%
$3,207,860
Cap Rate 7%
$2,291,329
Cap Rate 9%
$1,782,144
Alternative Uses
Best Use
Retail
$2.29M
$2.00M – $2.67M
NOI $160,393 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
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
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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
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
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
