Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    615 North Main Street Rd Joplin, MO 64801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $345,000

    Self-storage facility in Joplin, Missouri with high occupancy.

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Drew Gannon, Ccim
    Source: Naiglobal

    Listing Agency: NAI Martens Listing Agent: Drew Gannon, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Joplin Self-Storage Investment Opportunity

    This self-storage facility is located in Southwest Missouri, in close proximity to Springfield, MO and Northwest Arkansas (Bentonville, Rogers, and Fayetteville). Joplin serves as the primary commercial and medical center for the Four-State region (Missouri, Kansas, Oklahoma, Arkansas), supporting a trade area of more than 400,000 residents. Joplin's daytime population is approximately 240,000. The facility has a proven high occupancy history, with overall unit and square-foot occupancy at approximately 97%. There is only one unit currently available. A turnkey operation for a new owner, featuring an existing boots on the ground manager who is willing to stay. The property benefits from robust marketing and search engine optimization (SEO), appearing on the first page of Google results for “Joplin Missouri Self Storage”. Joplin features strong demographics with a 5-mile population exceeding 80,000. Opportunity for revenue growth through rent optimization with many of the current tenants below street rates, and tenant insurance/ancillary income.
    Location Intelligence

    Current Use by Public Records

    Midwest Mini Storage Storage Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.514749
    Latitude
    37.054256

    Nearby Similar for Sale

    • New
      $395,000
      4,500 SF

      Spacious Office Building Near Downtown

      Versatile 4,500 sq. ft. office building near Downtown Joplin.
      403 E 4Th St, Joplin, MO 64801
      View Details
    • $750,000
      Pending

      Joplin Retail Property For Sale

      Multi-unit retail property in Joplin's medical district, near Freeman Health.
      1814 W 32Nd St, Joplin, MO 64804
      View Details
    • $525,000
      1,984 SF

      Unique Cigar Lounge on Route 66

      Cigar lounge with humidor, patio, and Route 66 location.
      1209 W 7Th St, Joplin, MO 64801
      View Details
    • New
      $695,000
      10,800 SF

      Versatile Commercial Building in Joplin

      10,800 SF commercial building suitable for various business uses.
      402 E 7Th St, Joplin, MO 64801
      View Details
    • New
      $600,000
      7,318 SF

      Versatile Commercial Property Near I-44

      Adaptable commercial building near medical corridor, ideal for diverse uses.
      5734 S Main St, Joplin, MO 64801
      View Details
    • New
      $1,400,000
      3,600 SF

      Turnkey Commercial Buildings on Rangeline

      Remodeled office and shop buildings with ample storage and paving.
      3203 N Range Line Rd, Joplin, MO 64801
      View Details
    • $625,000
      Pending

      Move-In Ready Commercial Buildings

      Newly constructed commercial buildings ideal for diverse business uses.
      1315 W Zora, Joplin, MO 64801
      View Details
    • New
      $395,000
      5,670 SF

      Joplin Office Warehouse For Sale

      Office warehouse with six overhead doors in Joplin, Missouri.
      600 E Broadway St, Joplin, MO 64801
      View Details
    • $950,000
      10,800 SF

      Versatile Commercial Space in Joplin

      Adaptable 10,800 SF commercial property near medical facilities.
      2702 Cunningham Ave, Joplin, MO 64804
      View Details
    • New
      $873,562
      12,318 SF

      Adaptable Commercial Property in Joplin

      Substantial commercial property with retail, office, and warehouse potential.
      711 S Patterson Ave, Joplin, MO 64801
      View Details
    • New
      $179,900
      Pending

      Downtown Joplin Storefront with Income

      Storefront property in downtown Joplin with rental income.
      1508-1512 S Main St, Joplin, MO 64804
      View Details
    • $200,000
      1,984 SF

      Route 66 Commercial Opportunity

      Unique commercial space with live-work potential on Route 66.
      1209 W 7Th St, Joplin, MO 64801
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Self-storage facility in Joplin, Missouri with high occupancy.
    Where is this self storage facility located?
    The property is located at 615 North Main Street Rd Joplin, MO.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - High occupancy rate of approximately 97%; - Opportunity for revenue growth through rent optimization and ancillary income; - Turnkey operation with existing manager willing to stay
    (316) 262-0000
    Request Owner's contact information
    615 North Main Street Rd Joplin, MO 64801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    615 North Main Street Rd
    Joplin, MO 64801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    615 North Main Street Rd Joplin, MO 64801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Drew Gannon, Ccim
    Real Estate License ID: KS 00242621
    (316) 262-0000 (316) 680-1108 (316) 847-4918
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!