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    Route 66 Commercial Opportunity Title is generated by Realmo AI

    1209 W 7th Street, Joplin, MO 64801

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    Claim this Listing
    For Sale
    $200,000

    COMMERCIAL - Joplin, MO

    Property size:
    1,984 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $100/SF
    Added:
    Aug 1, 2025
    Days on Market:
    295
    Last Refresh:
    May 22 at 6:06 am

    Property Features for 1209 W 7th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C3
    Fencing
    Partial
    Standard status
    Active
    Size
    1,984 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2122

    Utilities

    Utilities
    Electricity Available
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Flooring type
    Carpet, Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    John Hyman
    John Hyman

    Listing agent John Hyman License #2014018673

    Listing office Andrew Bright & Associates 2318 E 20th, Joplin, MO

    Listing date Aug 1, 2025

    MLS# 254242

    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.

    HighLights

    • Prime location on historic Route 66, ideal for high‑traffic business.
    • Unique layout with hidden doors and secret passages, creating a memorable atmosphere.
    • Includes an additional lot for parking and a spacious patio, enhancing customer accessibility and outdoor space.
    • Private upstairs apartment with full bathroom, suitable for live‑work arrangement or VIP suite.
    • Versatile building suitable for various business concepts: speakeasy, themed restaurant, retail, showroom, event venue, or office.
    • Central heating and cooling for year‑round comfort.

    Overview

    This commercial property, situated along Route 66, offers a blend of character and functionality. The 0.21-acre lot includes additional parking and a spacious patio suitable for high-traffic use and outdoor activities. The 1,984 square-foot building features a distinctive layout with hidden doors and secret passages, creating a unique atmosphere. One of the hidden passages leads to a private upstairs apartment with a full bathroom, offering live-work flexibility. The property is zoned C3 and is located in Joplin, Missouri. The building's structure is suited for various uses, including a speakeasy, themed restaurant, boutique retail concept, classic car showroom, event venue, or unique office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Guapos Cigar ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.526338
    Latitude
    37.084568

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    FAQs

    What type of property is this?
    Live-work space - Unique commercial space with live-work potential on Route 66.
    Where is this live-work space located?
    The property is located at 1209 W 7th Street Joplin, MO.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Prime location on historic Route 66, ideal for high‑traffic business.; Unique layout with hidden doors and secret passages, creating a memorable atmosphere.; Includes an additional lot for parking and a spacious patio, enhancing customer accessibility and outdoor space.
    (417) 437-9051
    We can help!
    Listing Contact
    John Hyman
    John Hyman
    Real Estate License ID: 2014018673
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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