Downtown Multi-Suite Office
204 E 7th Street Joplin, MO 64801
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 Size14,000 SF
Price / SF$113.93
Days on Market12
Property Features for 204 E 7th Street
General Information
- Standard status
- Active
- Size
- 14,000 SF
Building Details
- Year Built
- 1970
Listing Agency:
(417) 782-0800
Listed By:
PRO100
(417) 782-0800
Source:
Pro100.idxbroker
Added: Jul 12
Changed: Jul 13
Last Checked: Jul 23 at 2:55AM
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.
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.
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
NOI $184,464 @ 7.0% cap · market cap 11.57%
Second Best
Healthcare Medical
$2.00M
$1.75M – $2.33M
NOI $139,860 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$4.22M
$3.70M – $4.93M
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
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.
