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    State of Missouri Leased Property Title is generated by Realmo AI

    1823 W 20th St, Joplin, MO 64804

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    Mixed-use property leased to the State of Missouri since 1999.

    Type:Mixed Use, Office
    Property size:
    8,600 SF
    Price / SF:
    $151/SF
    Added:
    Feb 27, 2026
    Days on Market:
    120
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1823 W 20th St

    General Information

    Standard status
    Active
    Size
    8,600 SF
    Property subtype
    Mixed Use, Office

    Building Details

    Year Built
    1999

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    Joni Mashburn

    Listing office Bill Beall Co

    Listing date Feb 27, 2026

    Source Crexi

    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 Bill Beall Co

    HighLights

    • Leased to the State of Missouri since construction in 1999
    • Built specifically for the State of Missouri
    • Year Built: 1999
    • Multiple State of Missouri agencies operate within the building
    • Includes The Gateway School, a division of Youth Services
    • Long‑term tenant

    Overview

    This mixed-use property was developed specifically for the State of Missouri and has been leased to the State since its construction in 1999. The State of Missouri operates multiple agencies within the building, including The Gateway School, a division of Youth Services. The property has a size of 8,600 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $188.9k $21.96
    − Vacancy −$37.8k −$4.39
    EGI $151.1k $17.57
    − OpEx −$37.8k −$4.39
    NOI $113.3k $13.18
    8,600 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.62M
    $1.42M – $1.89M (±1% cap)
    NOI $113,314 @ 7.0% cap · market cap 8.72%
    Second Best
    Mixed Use
    $1.10M
    $964.3K – $1.29M (±1% cap)
    NOI $77,142 @ 7.0% cap · market cap 5.93%
    Theoretical Best
    Office A
    $2.59M
    $2.27M – $3.03M (±1% cap)
    NOI $181,632 @ 7.0% cap · market cap 13.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Midwest Insurance Insurance Agency Fred Ferguson Insurance Insurance Agency Gateway School High School Social Services-Youth Department Social Service Agency Robert Weaver Insurance Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.4951293
    Latitude
    37.0696052

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property leased to the State of Missouri since 1999.
    Where is this mixed-use property located?
    The property is located at 1823 W 20th St Joplin, MO.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Leased to the State of Missouri since construction in 1999; Built specifically for the State of Missouri; Year Built: 1999
    More about this property
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