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Downtown Multi-Suite Office Building

204 E 7th Street Joplin, MO 64801

Claim this Listing
New
For Sale
$1,595,000

14,000 SF building configured into three separate suites with office, salon, and church uses plus private off-street parking.

Property size:
14,000 SF
Price / SF:
$113.93/SF
Added:
Jul 12, 2026
Days on Market:
3
Last Refresh:
Jul 13 at 2:19 am

Property Features for 204 E 7th Street

General Information

Standard status
Active
Size
14,000 SF

Building Details

Year Built
1970

Listing office

Listing date Jul 12, 2026

Source Pro100.idxbroker

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 PRO100


Investment Insights

Based on property information with market context.

This versatile commercial building totals 14,000 SF and is currently configured into three separate suites. The primary professional office suite includes multiple private offices, a reception area, and a break room. A second suite is set up as a hair salon, while the third suite has been recently remodeled into a church with a spacious sanctuary, commercial kitchen, multiple classrooms, and a large storage area.

The property includes a private parking lot with off-street spaces for employees, clients, and guests, providing convenient access in the downtown market.

Offered for sale with the flexibility to occupy all suites or keep the existing configuration, the building supports multi-tenant use based on the current suite layout.

Key Highlights

  • 14,000 SF commercial building built in 1970 in Downtown Joplin.
  • Configured into three separate suites for multiple occupancy and income opportunities.
  • Primary suite includes multiple private offices, reception area, and break room.

Local Financial Insights For Healthcare Medical

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 $252.0k $18.00
− Vacancy −$18.9k −$1.35
EGI $233.1k $16.65
− OpEx −$93.2k −$6.66
NOI $139.9k $9.99
14,000 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 40.00%

Alternative Uses

Best Use
Office B
$2.64M
$2.31M – $3.07M (±1% cap)
NOI $184,464 @ 7.0% cap · market cap 11.57%
Second Best
Healthcare Medical
$2.00M
$1.75M – $2.33M (±1% cap)
NOI $139,860 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$4.22M
$3.70M – $4.93M (±1% cap)
NOI $295,680 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Senior Insurance Specialists ... Insurance Agency

Suggested Use

Real Estate Agency Dental Office Pharmacy Parking Lot & Garage Grocery & Convenience Store Storage Facility Grocery & Convenience Store Veterinary Clinic Carpet & Flooring Store Cosmetic Store

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

FAQs

What type of property is this?
Office units - 14,000 SF building configured into three separate suites with office, salon, and church uses plus private off-street parking.
Where is this office units located?
The property is located at 204 E 7th Street Joplin, MO.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 14,000 SF commercial building built in 1970 in Downtown Joplin.; Configured into three separate suites for multiple occupancy and income opportunities.; Primary suite includes multiple private offices, reception area, and break room.
Contact an agent
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