Joplin, MO Commercial
1823 W 20th St Joplin, MO 64804
1823 W 20th St, Joplin, MO, 64804
Contact for pricing
For Sale
Contact for pricing
Commercial property in Joplin, MO, leased to the State.
Property Size8,600 SF
Price / SF$151.16
Days on Market59
Property Features for 1823 W 20th St
General Information
- Standard status
- Active
- Size
- 8,600 SF
- Property subtype
- OFFICE
Listing Agency
Bill Beall Co.
(417) 887-5535
Listed by
Nancy Herchenroeder, CCIM, CPM
Source
Moodyscre
Added: May 20 Checked: Jul 17 at 6:00 am
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.
Investment Insights
Based on property information with market context.
This commercial property, located in Joplin, MO, was developed in 1999 specifically for the State of Missouri and has been leased to the State since its construction. 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 8600 square feet.
Key Highlights
- Leased to the State of Missouri since 1999, providing stable, long‑term income.
- Property was purpose‑built for the State of Missouri.
- Multiple State of Missouri agencies operate within the building.
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
NOI $113,314 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,632 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
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FAQs
What type of property is this?
Office building - Commercial property in Joplin, MO, leased to the State.
Where is this office building 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 1999, providing stable, long‑term income.; Property was purpose‑built for the State of Missouri.; Multiple State of Missouri agencies operate within the building.
