Flex Space with Loading
231 N Main Street, Joplin, MO 64801
For Sale
$1,700,000
Three suites can operate independently or function together in an M-2-zoned commercial property.
Property Size13,800 SF
Price / SF$123.19
Days on Market390
Property Features for 231 N Main Street
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Dock-High Doors
Conditioned Warehouse
Additional Details
Fenced Yard
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
smart lock system with key card access
security cameras
LED lighting conversion
smart home and motion lighting
app-controlled garage doors
back deck designed for employee breaks
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty Elevate
(417) 623-9900
Listed By:
Amy Hunt Realty · License #2017015942
(417) 499-8699
Source:
Cappyharrisrealtors
Added: Oct 16, 2025
Changed: Nov 6
Last Checked: Nov 8 at 2:20AM
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 Keller Williams Realty Elevate
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Investment Insights
Based on property information with market context.
The 13,800-square-foot flex property contains three suites currently used as one operation, with the option to separate them. Interior space includes seven private offices, a lobby with built-in reception desk, conference room, break room, five bathrooms, two storage rooms and an open hallway. Both the warehouse and event area have heating and air conditioning. Improvements include one exterior loading dock, six covered interior loading docks, new argon-filled windows, a rear deck, and a mix of exterior and interior garage doors. The building was constructed in 1950 and renovated three years ago.
Security and access features include a fenced, gated yard, key-card smart locks and more than 20 security cameras with extended recording capability. LED and motion-activated lighting and app-operated garage doors are also installed. The largest office has a built-in 65-inch smart board, and exterior walls measure 10–12 inches thick. The property is zoned M-2 and is located at 231 N Main Street in Joplin, Missouri.
Security and access features include a fenced, gated yard, key-card smart locks and more than 20 security cameras with extended recording capability. LED and motion-activated lighting and app-operated garage doors are also installed. The largest office has a built-in 65-inch smart board, and exterior walls measure 10–12 inches thick. The property is zoned M-2 and is located at 231 N Main Street in Joplin, Missouri.
Key Highlights
- 13,800 square feet with three suites that can be used together or separately
- Seven private offices, conference room, lobby, break room and five bathrooms
- One exterior loading dock and six covered interior loading docks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,786
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,475,720
$2.5M
Cap Rate 7%
$1,768,371
$1.8M
Cap Rate 9%
$1,375,400
$1.4M
Market Conditions
NOI Build-Up for 13,800 SF
Gross rent
$215.3K $15.60/SF
− Vacancy
−$17.2K −$1.25/SF
EGI
$198.1K $14.35/SF
− OpEx
−$74.3K −$5.38/SF
NOI
$123.8K $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%
$2,475,720
Cap Rate 7%
$1,768,371
Cap Rate 9%
$1,375,400
Alternative Uses
Best Use
Mixed Use
$1.77M
$1.55M – $2.06M
NOI $123,786 @ 7.0% cap · market cap 7.28%
Second Best
Warehouse
$970.2K
$849.0K – $1.13M
NOI $67,917 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$4.16M
$3.64M – $4.86M
NOI $291,456 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Dock-high doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Under-served
Demand for This Use
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
$176,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Joplin, MO
Properties on Market for Flex space in Joplin
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Three suites can operate independently or function together in an M-2-zoned commercial property.
Where is this flex space located?
The property is located at 231 N Main Street Joplin, MO.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 13,800 square feet with three suites that can be used together or separately; Seven private offices, conference room, lobby, break room and five bathrooms; One exterior loading dock and six covered interior loading docks
