Freestanding Industrial
For Sale
Contact for pricing
136 North Prigmore Avenue, Joplin, MO 64804
Free-span warehouse with heated office space and multiple loading doors on a large lot for efficient operations.
Property Size5,000 SF
Lot Size0.87 Acres
Price / SF$75
Days on Market77
Property Features for 136 North Prigmore Avenue
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
18
Lot size
0.87 Acres
Property subtype
Industrial
Zoning
Commercial
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
17 ft
Dock-High Doors
2
Drive-In Doors
1
Building Details
Year Built
1999
Buildings
1
Listing Agency:
Graddy Real Estate
(417) 883-4900
Listed By:
Adam Graddy · License #MO 2004014961
Source:
Crexi
Added: Jun 10
Changed: Aug 23
Last Checked: Aug 24 at 4:57AM
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 Graddy Real Estate
Investment Insights
Based on property information with market context.
This freestanding industrial warehouse offers a 5,000 SF insulated metal building with free-span construction and 17' ceiling heights, designed to support warehouse, distribution, storage, and light manufacturing or service operations. The property includes a heated and cooled office area with over 570 SF of finished space, featuring two private offices, a full bathroom, and additional storage above the offices. Warehouse access is supported by powered overhead doors, including two 10' dock-high doors and one 14' grade-level overhead door, which can simplify shipping, receiving, and equipment placement. The building also includes a new metal roof and is wired to allow for the addition of 3-phase power.
The improvements sit on a 0.87-acre lot that provides room for parking, truck maneuvering, and outdoor storage. The site’s layout supports day-to-day logistics needs and allows space for possible future building expansion, subject to applicable approvals.
For tenants, this configuration can work well for businesses that need clear, uninterrupted floor space plus dedicated office finish for customer or administrative functions. For buyers, the combination of functional loading options, climate-controlled office space, and flexible warehouse layout supports a range of industrial and commercial uses on a standalone footprint.
The improvements sit on a 0.87-acre lot that provides room for parking, truck maneuvering, and outdoor storage. The site’s layout supports day-to-day logistics needs and allows space for possible future building expansion, subject to applicable approvals.
For tenants, this configuration can work well for businesses that need clear, uninterrupted floor space plus dedicated office finish for customer or administrative functions. For buyers, the combination of functional loading options, climate-controlled office space, and flexible warehouse layout supports a range of industrial and commercial uses on a standalone footprint.
Key Highlights
- 5,000 SF insulated metal warehouse built in 1999 on a 0.87‑acre lot in Joplin
- Free‑span warehouse layout with 17' ceiling heights for flexible warehouse, distribution, and production use
- New metal roof and heated/cooled building throughout
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
Property Profile
Current Use
Lease Details
17 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64804, MO
38,078
Population
16,844
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
91.4 sq mi
ZIP Area
417
Density / Sq Mi
$62,081
Median Household Income
$34,780
Median Earnings
$886
Median Rent
$171,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Free-span warehouse with heated office space and multiple loading doors on a large lot for efficient operations.
Where is this warehouse located?
The property is located at 136 North 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 SF insulated metal warehouse built in 1999 on a 0.87‑acre lot in Joplin; Free‑span warehouse layout with 17' ceiling heights for flexible warehouse, distribution, and production use; New metal roof and heated/cooled building throughout
