Industrial Loft and Retail
124 S Joplin Avenue Joplin, MO 64801
For Sale
$3,200,000
MULTI_FAMILY - Other - Joplin, MO
Property Size36,000 SF
Lot Size0.55 Acres
Price / SF$88.89
Days on Market50
Property Features for 124 S Joplin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bathrooms
20
Rooms
Bathroom 5, Bathroom 20, Bathroom 10, Bathroom 7, Bathroom 14, Bathroom 4, Bathroom 15, Bathroom 16, Bathroom 11, Bathroom 2, Bathroom 12, Bathroom 18, Bathroom 3, Bathroom 13, Bathroom 8, Bathroom 9, Bathroom 6, Bathroom 1, Bathroom 17, Bathroom 19
Standard status
Active
Size
36,000 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Annual Amount
10272
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1906
Floors in Building
2
Number of units
17
Flooring type
Concrete, Wood
Architectural style
Other
Listing Agency:
CHARLES BURT REALTORS
(417) 782-1234
Listed By:
Summer George · License #2010011832
(417) 388-4132
Added: Jun 11
Changed: Jul 30
Last Checked: Jul 30 at 9:06AM
MLS# 263215
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.
Investment Insights
Based on property information with market context.
A 100-year-old warehouse converted into 14 industrial-style lofts plus retail space. The property includes 6000 square feet of finished retail and 6000 square feet of unfinished space connected via an open air courtyard/delivery area with roll-up doors and wood slats. The main level retail space features an overhead garage door with glass, a fireplace, two bathrooms, dressing rooms, and a separate office with a private bathroom.
The lofts and main level retail are located at 124 S Joplin Avenue, which is described as fully leased. Also included is 110 S Joplin Avenue, a 12,000-square-foot space that is currently leased. The building offers secured entry points for the lofts and includes 16 indoor secured parking spaces connected to the building, with exterior and parking garage security cameras. A sprinkler system is in place, and the improvements are described as completed up to code and approved by the city. Each loft has distinct layout and finishes, with preserved features such as vintage doors repurposed into sliding pantry doors, 14'-16' ceiling heights, industrial support beams, and original hardwood floors.
A flexible open-concept layout is provided for commercial use, and the unfinished space connected to the courtyard/delivery area could be leased out.
The lofts and main level retail are located at 124 S Joplin Avenue, which is described as fully leased. Also included is 110 S Joplin Avenue, a 12,000-square-foot space that is currently leased. The building offers secured entry points for the lofts and includes 16 indoor secured parking spaces connected to the building, with exterior and parking garage security cameras. A sprinkler system is in place, and the improvements are described as completed up to code and approved by the city. Each loft has distinct layout and finishes, with preserved features such as vintage doors repurposed into sliding pantry doors, 14'-16' ceiling heights, industrial support beams, and original hardwood floors.
A flexible open-concept layout is provided for commercial use, and the unfinished space connected to the courtyard/delivery area could be leased out.
Key Highlights
- Converted 1906 warehouse with 14 industrial‑style lofts and mixed commercial space
- Includes 6,000 SF finished retail space plus 6,000 SF unfinished space connected by an open air courtyard/delivery area with roll‑up doors
- 124 S Joplin Ave: lofts and main‑level retail space are fully leased
Financial Insights For Apartment 5plus
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 | $561.6k | $15.60 |
| − Vacancy | −$44.9k | −$1.25 |
| EGI | $516.7k | $14.35 |
| − OpEx | −$232.5k | −$6.46 |
| NOI | $284.2k | $7.89 |
36,000 SF · lease $15.60/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$4.85M
$4.25M – $5.66M
NOI $339,656 @ 7.0% cap · market cap 10.61%
Second Best
Apartment 5plus
$4.06M
$3.55M – $4.74M
NOI $284,170 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$10.86M
$9.50M – $12.67M
NOI $760,320 @ 7.0% cap · market cap 23.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Converted 100-year warehouse with 14 lofts, finished retail with overhead garage door, and additional unfinished space.
Where is this apartment building located?
The property is located at 124 S Joplin Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Converted 1906 warehouse with 14 industrial‑style lofts and mixed commercial space; Includes 6,000 SF finished retail space plus 6,000 SF unfinished space connected by an open air courtyard/delivery area with roll‑up doors; 124 S Joplin Ave: lofts and main‑level retail space are fully leased
