Prime Joplin Commercial Real
2914 E 32nd Street Joplin, MO 64804
For Sale
$4,950,000
Southside Shopping Center: 5.45 acres, three buildings, high-traffic location.
Property Size21,430 SF
Lot Size5.00 Acres
Price / SF$230.98
Days on Market758
Property Features for 2914 E 32nd Street
General Information
Standard status
Active
Size
21,430 SF
Lot size
5.00 Acres
Listing Agency:
GLENN GIBSON COMMERCIAL REAL ESTATE
(417) 359-6868
Listed By:
Luke Gibson · License #2015033987
(417) 359-6868
Source:
Exprealty
Added: Jul 3, 2024
Changed: Jul 6
Last Checked: Jul 29 at 1:17PM
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 GLENN GIBSON COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
Located at the intersection of 32nd Street and Rangeline Road in Joplin, the Southside Shopping Center presents an opportunity for developers and investors. This commercial real estate offering encompasses 5.45 acres and includes three retail buildings. The property benefits from access and frontage on both 32nd Street and Range Line. Building A contains 21,430 square feet, Building B offers 8,000 square feet, and Building C provides 5,200 square feet of space. Additionally, the property features a vacant lot approximately 1 acre in size. The owner is open to subdividing parcels, allowing for flexible development options.
Key Highlights
- Prime commercial real estate at the busiest corner in Joplin (32nd and Rangeline Road).
- Spans 5.45 acres with frontage and access on both 32nd Street and Range Line.
- Features three retail buildings (21,430 sq ft, 8,000 sq ft, and 5,200 sq ft).
Financial Insights For 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 | $300.9k | $14.04 |
| − Vacancy | −$12.0k | −$0.56 |
| EGI | $288.8k | $13.48 |
| − OpEx | −$86.7k | −$4.04 |
| NOI | $202.2k | $9.43 |
21,430 SF · lease $14.04/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.89M
$2.53M – $3.37M
NOI $202,189 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.47M
$5.66M – $7.54M
NOI $452,602 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Southside Shopping Center — 2914 E 32nd St, Joplin, MO 64804
- Silver Creek Galleria — 2702 Richard Joseph Blvd, Joplin, MO 64804
Frequently Asked Questions
What type of property is this?
Shopping center - Southside Shopping Center: 5.45 acres, three buildings, high-traffic location.
Where is this shopping center located?
The property is located at 2914 E 32nd Street Joplin, MO.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Prime commercial real estate at the busiest corner in Joplin (32nd and Rangeline Road).; Spans 5.45 acres with frontage and access on both 32nd Street and Range Line.; Features three retail buildings (21,430 sq ft, 8,000 sq ft, and 5,200 sq ft).
