Multi-Level Office
1331 S Illinois Avenue, Joplin, MO 64801
For Sale
New
$499,900
Eight offices across two floors provide a defined layout for professional office use.
Property Size3,305 SF
Price / SF$151.26
Days on Market3
Property Features for 1331 S Illinois Avenue
General Information
Standard status
Size
Additional Details
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Carpet,Ceramic,Concrete
Yes
2
No
Wood
0.42
150x120
Slab
3305.0
Building Details
Building Size
Year Built
Listing Agency:
CHARLES BURT REALTORS
Listed By:
Higdon Real Estate Group, LLC, Kim Higdon
Source:
Pryerrealtygroup
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 1:17PM
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 CHARLES BURT REALTORS
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Investment Insights
Based on property information with market context.
Located at 1331 S Illinois Avenue in Joplin, this 3,305-square-foot office building was constructed in 1985. Its two-level layout includes five offices on the main floor and three upstairs, with an easy walk-up entrance. The property occupies 0.42 acres and includes a detached two-car garage, solar panels, and a five-car carport.
Key Highlights
- Eight offices: five on the main floor and three upstairs
- 3,305‑square‑foot office building on 0.42 acres
- Detached two‑car garage, solar panels, and five‑car carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,547
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,940
$870.9K
Cap Rate 7%
$622,100
$622.1K
Cap Rate 9%
$483,856
$483.9K
Market Conditions
NOI Build-Up for 3,305 SF
Gross rent
$72.6K $21.96/SF
− Vacancy
−$14.5K −$4.39/SF
EGI
$58.1K $17.57/SF
− OpEx
−$14.5K −$4.39/SF
NOI
$43.5K $13.18/SF
Area
Jasper County, MO
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,940
Cap Rate 7%
$622,100
Cap Rate 9%
$483,856
Alternative Uses
Best Use
Office B
$622.1K
$544.3K – $725.8K
NOI $43,547 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.2K
$872.5K – $1.16M
NOI $69,802 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
8
Office units
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
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
$176,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Joplin, MO
Properties on Market for Office buildings in Joplin
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Eight offices across two floors provide a defined layout for professional office use.
Where is this office building located?
The property is located at 1331 S Illinois Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Eight offices: five on the main floor and three upstairs; 3,305‑square‑foot office building on 0.42 acres; Detached two‑car garage, solar panels, and five‑car carport
