East 7th Commercial
For Sale
$275,000
Pending
4482 E 7th & Parkview, Joplin, MO 64801
Commercial property with house, shop/warehouse, and creek frontage.
Property Size3,465 SF
Lot Size4.68 Acres
Days on Market1007
Property Features for 4482 E 7th & Parkview
General Information
Standard status
Pending
Size
3,465 SF
Lot size
4.68 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$1,372
Building Details
Year Built
1940
Listing Agency:
PRO 100 Inc., REALTORS
(417) 438-2279
Listed By:
Susi Yust · License #2000155119
(417) 438-2279
Source:
Exitrealty
Added: Nov 8, 2023
Changed: Aug 8
Last Checked: Aug 11 at 7:26AM
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 PRO 100 Inc., REALTORS
Investment Insights
Based on property information with market context.
This East 7th commercial property is located approximately 1 mile West of the 249 bypass. It includes an older 3-bedroom, 1-bath house with heat and air, suitable for office space. The property also features an oversized 1-car detached garage and a 1500 SF shop/warehouse. The site includes approximately 300 feet of Turkey Creek frontage and a small wooded area along the South line. The property size is 3465 square feet.
Key Highlights
- Commercial property approximately 1 mile West of the 249 bypass.
- Includes a 1500 SF shop/warehouse.
- Older 3 bedroom, 1 bath house with heat and air, suitable for office space.
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
$17,053
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
6.20%
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%
$341,060
$341.1K
Cap Rate 7%
$243,614
$243.6K
Cap Rate 9%
$189,478
$189.5K
Market Conditions
NOI Build-Up for 3,465 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
$20.8K $6.00/SF
− Vacancy
−$728 −$0.21/SF
EGI
$20.1K $5.79/SF
− OpEx
−$3.0K −$0.87/SF
NOI
$17.1K $4.92/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$341,060
Cap Rate 7%
$243,614
Cap Rate 9%
$189,478
Alternative Uses
Best Use
Office B
$652.2K
$570.7K – $760.9K
NOI $45,655 @ 7.0% cap · market cap 16.60%
Second Best
Warehouse
$243.6K
$213.2K – $284.2K
NOI $17,053 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.05M
$914.8K – $1.22M
NOI $73,181 @ 7.0% cap · market cap 26.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Park on Route 66 — 4882 E 7th St, Joplin, MO 64801
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial property with house, shop/warehouse, and creek frontage.
Where is this warehouse located?
The property is located at 4482 E 7th & Parkview Joplin, MO.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Commercial property approximately 1 mile West of the 249 bypass.; Includes a **1500 SF shop/warehouse**.; Older 3 bedroom, 1 bath house with heat and air, suitable for office space.
