Free-Span Warehouse with Loading
For Sale
$375,000
136 N Prigmore Avenue, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size5,000 SF
Lot Size0.87 Acres
Price / SF$75
Days on Market105
Property Features for 136 N Prigmore Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
East on 7th St from Mo-249, North on Prigmore Ave. Building on right side of road.
Subdivision
04 - Joplin City - SE
Standard status
Active
APN
20100200000020003
Size
5,000 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Annual Amount
2216
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Greater Springfield Realty, LLC
(417) 883-4900
Listed By:
Adam Graddy · License #2004014961
(417) 501-5091
Added: Jun 10
Changed: Sep 7
Last Checked: Sep 22 at 3:06AM
MLS# 263269
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.
Located at 136 N Prigmore Avenue in Joplin, this 5,000-square-foot insulated metal warehouse occupies 0.87 acres. The free-span interior provides an unobstructed layout, while the building’s 17-foot ceilings support storage, equipment, and production arrangements. A new metal roof, concrete flooring, natural gas heat, and central air are in place. The office component includes more than 570 square feet of finished space, two private offices, a full bathroom, and storage above the offices.
Loading is served by two 10-foot dock-high doors and one 14-foot grade-level overhead door. The property is wired for the addition of 3-phase power, and the acreage provides space for parking, truck movement, and outdoor storage. Its warehouse configuration and existing office area support industrial operations requiring both work space and administrative facilities.
Loading is served by two 10-foot dock-high doors and one 14-foot grade-level overhead door. The property is wired for the addition of 3-phase power, and the acreage provides space for parking, truck movement, and outdoor storage. Its warehouse configuration and existing office area support industrial operations requiring both work space and administrative facilities.
Key Highlights
- 5,000 square feet on 0.87 acres in Joplin, MO
- 17‑foot ceilings with free‑span warehouse construction
- Two 10‑foot dock‑high doors and one 14‑foot grade‑level door
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
$24,608
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
6.56%
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%
$492,160
$492.2K
Cap Rate 7%
$351,543
$351.5K
Cap Rate 9%
$273,422
$273.4K
Market Conditions
NOI Build-Up for 5,000 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
$30.0K $6.00/SF
− Vacancy
−$1.1K −$0.21/SF
EGI
$29.0K $5.79/SF
− OpEx
−$4.3K −$0.87/SF
NOI
$24.6K $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%
$492,160
Cap Rate 7%
$351,543
Cap Rate 9%
$273,422
Alternative Uses
Best Use
Warehouse
$351.5K
$307.6K – $410.1K
NOI $24,608 @ 7.0% cap · market cap 6.56%
Second Best
Industrial
$289.5K
$253.3K – $337.8K
NOI $20,265 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,600 @ 7.0% cap · market cap 28.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
17 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
69
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- BECKHAM MARINE — Jackson Township, MO 64801
- Rosebrough Storage — 8443 E 7th St, Joplin, MO 64801
Frequently Asked Questions
What type of property is this?
Warehouse - Insulated industrial building with flexible open floor space, office improvements, and multiple loading configurations.
Where is this warehouse located?
The property is located at 136 N Prigmore Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5,000 square feet on 0.87 acres in Joplin, MO; 17‑foot ceilings with free‑span warehouse construction; Two 10‑foot dock‑high doors and one 14‑foot grade‑level door
