Fully Leased Flex Space
For Sale
$1,750,000
1703 Falcon, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size38,500 SF
Price / SF$45.45
Days on Market48
Property Features for 1703 Falcon
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Zora and St Louis, north on St Louis to Falcon. Property on SW corner.
Subdivision
02 - Joplin City - NE
Standard status
Active
APN
16602300000126500
Size
38,500 SF
Taxes and HOA fees
Tax Annual Amount
5476
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
2000
Number of units
5
Flooring type
Carpet, Concrete
Roof type
Metal
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
The Kassab Team, Dee Kassab · License #1999019022
(417) 434-3330
Added: Aug 21
Changed: Aug 24
Last Checked: Oct 7 at 8:06AM
MLS# 264639
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.
This 38,500-square-foot flex space building was constructed in 2000 and is fully leased. Interior finishes include carpet and concrete flooring, with central air conditioning and natural gas heating. The structure has a metal roof, and the parking lot has been resurfaced.
The underlying land is subject to a long-term lease from the City of Joplin Airport, and the building is located close to the airport. The property combines an existing industrial-style building with established occupancy and maintained site improvements.
The underlying land is subject to a long-term lease from the City of Joplin Airport, and the building is located close to the airport. The property combines an existing industrial-style building with established occupancy and maintained site improvements.
Key Highlights
- 38,500‑square‑foot flex space building
- Fully leased property with established occupancy
- Land subject to a long‑term lease from the City of Joplin Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,041
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,120,820
$3.1M
Cap Rate 7%
$2,229,157
$2.2M
Cap Rate 9%
$1,733,789
$1.7M
Market Conditions
NOI Build-Up for 38,500 SF
Gross rent
$231.0K $6.00/SF
− Vacancy
−$8.1K −$0.21/SF
EGI
$222.9K $5.79/SF
− OpEx
−$66.9K −$1.74/SF
NOI
$156.0K $4.05/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,120,820
Cap Rate 7%
$2,229,157
Cap Rate 9%
$1,733,789
Alternative Uses
Best Use
Industrial
$2.23M
$1.95M – $2.60M
NOI $156,041 @ 7.0% cap · market cap 8.92%
Second Best
Flex RnD
$2.02M
$1.76M – $2.35M
NOI $141,141 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$11.62M
$10.16M – $13.55M
NOI $813,120 @ 7.0% cap · market cap 46.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Balanced
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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Frequently Asked Questions
What type of property is this?
Flex space - The property offers established occupancy, resurfaced parking, and a mix of carpet and concrete flooring.
Where is this flex space located?
The property is located at 1703 Falcon Joplin, MO.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 38,500‑square‑foot flex space building; Fully leased property with established occupancy; Land subject to a long‑term lease from the City of Joplin Airport
