Conventional Restaurant
For Sale
$695,000
1810 S Main Street, Joplin, MO 64804
Commercial Sale, Joplin, MO
Property Size3,469 SF
Lot Size0.88 Acres
Price / SF$200.35
Days on Market99
Property Features for 1810 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
18th and Main Street
Subdivision
03 - Joplin City - SW
Standard status
Active
Size
3,469 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Annual Amount
6876
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Flooring type
Ceramic
Roof type
Built-Up, Metal
Listing Agency:
KELLER WILLIAMS REALTY ELEVATE
(417) 623-9900
Listed By:
Tim Goostree Team · License #1999098900
(417) 437-5347
Added: May 29
Changed: Sep 3
Last Checked: Sep 4 at 11:06PM
MLS# 262921
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 conventional restaurant property includes 3,469 square feet of building area on a 0.88-acre site. Interior finishes include ceramic flooring, while central heating and central air conditioning serve the building. The roof is constructed with built-up and metal materials.
The property is located at 1810 S Main Street in Joplin, Missouri. MODOT reports average daily traffic in the 10,000–20,000 range for the area, providing a measurable transportation context for the site.
The property is located at 1810 S Main Street in Joplin, Missouri. MODOT reports average daily traffic in the 10,000–20,000 range for the area, providing a measurable transportation context for the site.
Key Highlights
- 3,469‑square‑foot conventional restaurant property
- 0.88‑acre site at 1810 S Main Street
- Average daily traffic of 10,000–20,000 per MODOT
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
$35,067
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
5.05%
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%
$701,340
$701.3K
Cap Rate 7%
$500,957
$501.0K
Cap Rate 9%
$389,633
$389.6K
Market Conditions
NOI Build-Up for 3,469 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
$48.7K $14.04/SF
− Vacancy
−$1.9K −$0.56/SF
EGI
$46.8K $13.48/SF
− OpEx
−$11.7K −$3.37/SF
NOI
$35.1K $10.11/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
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%
$701,340
Cap Rate 7%
$500,957
Cap Rate 9%
$389,633
Alternative Uses
Best Use
Specialty Retail
$501.0K
$438.3K – $584.5K
NOI $35,067 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$915.8K – $1.22M
NOI $73,265 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
Conoco
Shops & Services
4,107 visits/mo
0.1 miles
Papa John's Pizza
Dining
3,165 visits/mo
0.1 miles
Heavenly Donuts
Dining
2,794 visits/mo
0.1 miles
Dude's Daylight Donuts
Dining
1,865 visits/mo
0.4 miles
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with ceramic flooring, central heating, and central air conditioning.
Where is this conventional restaurant located?
The property is located at 1810 S Main Street Joplin, MO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,469‑square‑foot conventional restaurant property; 0.88‑acre site at 1810 S Main Street; Average daily traffic of 10,000–20,000 per MODOT
