Renovated Flex Industrial
231 N Main Street Joplin, MO 64801
For Sale
$1,700,000
Fully renovated flex building with air-conditioned/heated warehouse and event space, gated fenced yard, and smart key-card access security.
Property Size13,800 SF
Price / SF$123.19
Days on Market471
Property Features for 231 N Main Street
General Information
- Standard status
- Active
- Size
- 13,800 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing Agency:
Keller Williams Realty Elevate
(417) 499-8699
Listed By:
Amy Realty
(417) 499-8699
Source:
Xome
Added: Apr 9, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:10AM
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 Keller Williams Realty Elevate
Investment Insights
Based on property information with market context.
This fully renovated flex industrial building is designed for flexible, multi-area use and currently operates as three separate suites under one cohesive setup. The interior includes seven private offices, a welcoming lobby with a built-in reception desk, a large conference room, a break room, five bathrooms, two small storage rooms, and an open hallway. The warehouse and event space are both air-conditioned and heated for year-round comfort.
Access is supported by one exterior loading dock and six covered interior loading docks, plus multiple garage door configurations. The property is secured with a gated and fenced yard, a smart lock system with key card access, and more than 20 security cameras with months of recording capability. Additional improvements include new argon-filled exterior windows, LED lighting conversion, smart home and motion lighting, and app-controlled garage doors.
Zoned M-2, the building is also constructed with exterior walls noted as 10–12 inches thick for durability and insulation. The largest office features a 65-inch built-in smart board, and a back deck is designed for employee breaks.
Access is supported by one exterior loading dock and six covered interior loading docks, plus multiple garage door configurations. The property is secured with a gated and fenced yard, a smart lock system with key card access, and more than 20 security cameras with months of recording capability. Additional improvements include new argon-filled exterior windows, LED lighting conversion, smart home and motion lighting, and app-controlled garage doors.
Zoned M-2, the building is also constructed with exterior walls noted as 10–12 inches thick for durability and insulation. The largest office features a 65-inch built-in smart board, and a back deck is designed for employee breaks.
Key Highlights
- Fully renovated flex/commercial building with year‑round air‑conditioned and heated warehouse and event space
- 3 separate suites currently operated as one; layout includes 7 private offices, lobby, built‑in reception desk, conference room, and break room
- Secured property with gated and fenced yard, smart lock key‑card access, and 20+ security cameras with months of recording capability
Financial Insights For Warehouse
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 | $82.8k | $6.00 |
| − Vacancy | −$2.9k | −$0.21 |
| EGI | $79.9k | $5.79 |
| − OpEx | −$12.0k | −$0.87 |
| NOI | $67.9k | $4.92 |
13,800 SF · lease $6.00/SF/yr · vacancy 3.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.60M
$2.27M – $3.03M
NOI $181,829 @ 7.0% cap · market cap 10.70%
Second Best
Warehouse
$970.2K
$849.0K – $1.13M
NOI $67,917 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$4.16M
$3.64M – $4.86M
NOI $291,456 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Simpson Sheet Metal ...
HVAC Service
FAQs
What type of property is this?
Flex space - Fully renovated flex building with air-conditioned/heated warehouse and event space, gated fenced yard, and smart key-card access security.
Where is this flex space located?
The property is located at 231 N Main Street Joplin, MO.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Fully renovated flex/commercial building with year‑round air‑conditioned and heated warehouse and event space; 3 separate suites currently operated as one; layout includes 7 private offices, lobby, built‑in reception desk, conference room, and break room; Secured property with gated and fenced yard, smart lock key‑card access, and 20+ security cameras with months of recording capability
