Building Details

Year Built 2016

Buildings 1

Units 1

Tenancy Single

Listing Agency: Northmarq - Chicago

Listed By: Isaiah Harf · License #IL 471019332 Show Phone

Source: Crexi

Added: Jul 15 Changed: Oct 3 Last Checked: Oct 14 at 10:37PM

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Investment Insights

Based on property information with market context.

This 8,320-square-foot retail property was built in 2016 and is located at 1502 W Seventh St in Joplin, Missouri. The asset has four years of lease term remaining and is offered for sale as an occupied retail property.

The property is positioned within Joplin’s established retail hub serving the four-state region of Missouri, Kansas, Oklahoma, and Arkansas. Its current 8.25% cap rate provides an additional investment metric for evaluation.

Key Highlights

• 8,320 SF retail property
• Built in 2016
• Four years of lease term remaining

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,498

Cap Rate

4.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,569,960 $1.6M

Cap Rate 7%

$1,121,400 $1.1M

Cap Rate 9%

$872,200 $872.2K

Market Conditions

NOI Build-Up for 8,320 SF

Gross rent

$116.8K $14.04/SF

− Vacancy

−$4.7K −$0.56/SF

EGI

$112.1K $13.48/SF

− OpEx

−$33.6K −$4.04/SF

NOI

$78.5K $9.43/SF

Area

Jasper County, MO

Vacancy

4.00%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,569,960

Cap Rate 7%

$1,121,400

Cap Rate 9%

$872,200

Alternative Uses

Best Use

Retail

$1.12M

$981.2K – $1.31M (±1% cap)

NOI $78,498 @ 7.0% cap · market cap 4.72%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.51M

$2.20M – $2.93M (±1% cap)

NOI $175,718 @ 7.0% cap · market cap 10.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dollar Tree Discount Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

458

Businesses Nearby

114k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 71% Shops & Services 29%

McDonald's Dining

21,610 visits/mo 0.1 miles

SONIC Drive In Dining

14,714 visits/mo 0.2 miles

Dollar Tree Shops & Services

14,287 visits/mo 0.1 miles

Wendy's Dining

12,916 visits/mo 0.1 miles

Starbucks Dining

10,723 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail property with four years of remaining lease term.

Where is this retail space located?

The property is located at 1502 W SEVENTH ST Joplin, MO.

What is the asking price?

The asking price for this property is $1,662,884.

What are key features of this property?

This property features: 8,320 SF retail property; Built in 2016; Four years of lease term remaining