Converted Warehouse with Loft
124 + 110 S Joplin Avenue Joplin, MO 64801
For Sale
$3,200,000
COMMERCIAL - Joplin, MO
Property Size36,000 SF
Lot Size0.55 Acres
Price / SF$88.89
Days on Market49
Property Features for 124 + 110 S Joplin Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
20
Rooms
Bathroom 6, Bathroom 1, Bathroom 19, Bathroom 17, Bathroom 2, Bathroom 7, Bathroom 14, Bathroom 16, Bathroom 13, Bathroom 11, Bathroom 15, Bathroom 5, Bathroom 8, Bathroom 4, Bathroom 3, Bathroom 9, Bathroom 12, Bathroom 20, Bathroom 18, Bathroom 10
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
Ceiling Fan(s), Central Air
Building Details
Year built
1906
Number of units
17
Flooring type
Hardwood, Concrete
Listing Agency:
CHARLES BURT REALTORS
(417) 782-1234
Listed By:
Summer George · License #2010011832
(417) 388-4132
Added: Jun 11
Changed: Jun 12
Last Checked: Jul 29 at 9:06PM
MLS# 263220
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 has been converted into 14 industrial-style loft apartments, along with retail and expansion space. The property includes 6,000 square feet of finished retail space and 6,000 square feet of unfinished space connected to an open-air courtyard/delivery area with roll-up doors and wood slats. The finished retail area has an overhead garage door with glass, a fireplace, two bathrooms, dressing rooms, and a separate office with a private bathroom. Each loft has a distinct layout and finishes, with preserved original elements such as vintage doors repurposed as sliding pantry doors, 14'-16' ceiling heights, industrial support beams, and original hardwood floors. The building provides secured entry points and 16 indoor secured parking spaces connected to the facility, with exterior and parking garage security cameras and a sprinkler system throughout.
The offering is located at 124 S Joplin Avenue, which includes the lofts and the main level retail space, and also includes 110 S Joplin Avenue, a separate 12,000 square-foot building that is currently leased.
This configuration can support a buyer seeking a live-and-work style mix of income from leased lofts and completed retail, while also retaining additional unfinished space that could be finished or customized for a future tenant. The commercial layout is described as flexible for uses including retail, restaurant/dining, offices, or a gym.
The offering is located at 124 S Joplin Avenue, which includes the lofts and the main level retail space, and also includes 110 S Joplin Avenue, a separate 12,000 square-foot building that is currently leased.
This configuration can support a buyer seeking a live-and-work style mix of income from leased lofts and completed retail, while also retaining additional unfinished space that could be finished or customized for a future tenant. The commercial layout is described as flexible for uses including retail, restaurant/dining, offices, or a gym.
Key Highlights
- 100‑year‑old warehouse converted to 14 industrial‑style lofts, plus 6,000 SF finished retail space and 6,000 SF unfinished space
- 124 S Joplin Avenue: lofts (fully leased) and main level retail; overhead garage door with glass, fireplace, 2 bathrooms, dressing rooms, and separate office with private bathroom
- 110 S Joplin Avenue included: 12,000 SF currently 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 warehouse with leased loft apartments and completed retail, plus additional unfinished space for future occupancy.
Where is this apartment building located?
The property is located at 124 + 110 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: 100‑year‑old warehouse converted to 14 industrial‑style lofts, plus 6,000 SF finished retail space and 6,000 SF unfinished space; 124 S Joplin Avenue: lofts (fully leased) and main level retail; overhead garage door with glass, fireplace, 2 bathrooms, dressing rooms, and separate office with private bathroom; 110 S Joplin Avenue included: 12,000 SF currently leased
