Joplin, MO Commercial
For Sale
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1823 W 20th St, Joplin, MO 64804
Commercial property in Joplin, MO, leased to the State.
Property Size8,600 SF
Price / SF$151.16
Days on Market152
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
Changed: Oct 1
Last Checked: Oct 16 at 10:09AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,314
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,266,280
$2.3M
Cap Rate 7%
$1,618,771
$1.6M
Cap Rate 9%
$1,259,044
$1.3M
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$188.9K $21.96/SF
− Vacancy
−$37.8K −$4.39/SF
EGI
$151.1K $17.57/SF
− OpEx
−$37.8K −$4.39/SF
NOI
$113.3K $13.18/SF
Area
Jasper County, MO
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,266,280
Cap Rate 7%
$1,618,771
Cap Rate 9%
$1,259,044
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
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Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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.
