215 S Wall Avenue, Joplin, MO 64801

Building Details

Building Size 5,700 SF More

Year Built 1911 More

Year Renovated 2019 More

Listing Agency: GLENN GIBSON COMMERCIAL REAL ESTATE

Listed By: Luke Gibson · License #2006022522 Show Phone

Source: Pryerrealtygroup

Added: Nov 7 Last Checked: Nov 8 at 1:16PM

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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 GLENN GIBSON COMMERCIAL REAL ESTATE

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Investment Insights

Based on property information with market context.

Built in 1911 and renovated in 2019, this 5,700-square-foot mixed-use property offers an open commercial interior with polished concrete floors and exposed brick. Updated windows and rooftop solar panels are among the building’s modern features. The space also includes two ADA-compliant restrooms and an entry configured with both a front door and garage door.

Located at 215 S Wall Avenue in Joplin, the property is zoned C-2. Its combination of open interior space, historic architectural details, and contemporary improvements supports a range of commercial configurations.

Key Highlights

• 5,700 square feet of open commercial space
• Built in 1911; renovated in 2019
• C‑2 zoning at 215 S Wall Avenue, Joplin

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,129

Cap Rate

7.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,022,580 $1.0M

Cap Rate 7%

$730,414 $730.4K

Cap Rate 9%

$568,100 $568.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,700 SF

Gross rent

$88.9K $15.60/SF

− Vacancy

−$7.1K −$1.25/SF

EGI

$81.8K $14.35/SF

− OpEx

−$30.7K −$5.38/SF

NOI

$51.1K $8.97/SF

Area

Jasper County, MO

Vacancy

8.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,022,580

Cap Rate 7%

$730,414

Cap Rate 9%

$568,100

Alternative Uses

Best Use

Mixed Use

$730.4K

$639.1K – $852.2K (±1% cap)

NOI $51,129 @ 7.0% cap · market cap 7.36%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.72M

$1.50M – $2.01M (±1% cap)

NOI $120,384 @ 7.0% cap · market cap 17.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Main Street Axe ... Bar & Pub

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Locksmith Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

963

Businesses Nearby

Explore this area Business Placement

Demographics for 64801, MO

35,234

Population

17,460

Households

2

Avg Household Size

37

Median Age

26%

College-Educated

90%

High-School Grad

57.5 sq mi

ZIP Area

613

Density / Sq Mi

$51,360

Median Household Income

$31,103

Median Earnings

$884

Median Rent

$176,100

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Joplin, MO

$101 Jul

$72.65 Aug

$127 Sep

$129 Oct

Properties on Market for Mixed-use properties in Joplin

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Mixed-use property - C-2-zoned commercial space pairs an open interior with roof-mounted solar panels and two accessible restrooms.

Where is this mixed-use property located?

The property is located at 215 S Wall Avenue Joplin, MO.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: 5,700 square feet of open commercial space; Built in 1911; renovated in 2019; C‑2 zoning at 215 S Wall Avenue, Joplin