Joplin Area Industrial
For Sale
Contact for pricing
2412 County Lane 175, Carthage, MO 64836
Warehouse/trucking/industrial property with expansion potential near I-44.
Property Size23,993 SF
Lot Size34.00 Acres
Price / SF$101.70
Days on Market176
Property Features for 2412 County Lane 175
General Information
Standard status
Active
Size
23,993 SF
Lot size
34.00 Acres
Property subtype
Industrial, Land, Mixed Use, Office, Special Purpose
Investment Type
Institutional
Building Details
Year Built
2013
Year Renovated
2024
Buildings
1
Stories
2
Listing Agency:
RealPro
(417) 540-6796
Listed By:
Brandi Haddock · License #2010034812
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 10 at 11:08AM
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 RealPro
Investment Insights
Based on property information with market context.
Located in the developing Joplin/Duenweg/Carthage industrial triangle, this industrial site offers executive office space and direct access to I-44, situated less than 1 mile (2200 feet) from the interstate. The property is also in close proximity to the Prigmore Exit and Joplin’s CROSSROADS Industrial Park. This recently renovated and expanded Class S-Light Industrial site features over 11,000 square feet of professional office spaces, with an additional 2200+ square feet of unfinished office space available. The property includes 4 overhead doors (16 x 16 feet) with 2 pass-throughs, 1 overhead door (14 x 14 feet), a 1-bedroom apartment, and an 8 x 12 concrete shelter. The site encompasses almost 24,000 square feet, with approximately 34 additional acres available for further development, making it suitable for warehouse, trucking, and industrial operations.
Key Highlights
- Direct access to I‑44 (less than 1 mile).
- Recently renovated and expanded Class S‑Light Industrial site with professional office space.**
- Over 11,000 sq ft of professional office space with 2200+ sq ft of unfinished additional office space.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,082
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,361,640
$2.4M
Cap Rate 7%
$1,686,886
$1.7M
Cap Rate 9%
$1,312,022
$1.3M
Market Conditions
NOI Build-Up for 23,993 SF
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.
Gross rent
$144.0K $6.00/SF
− Vacancy
−$5.0K −$0.21/SF
EGI
$138.9K $5.79/SF
− OpEx
−$20.8K −$0.87/SF
NOI
$118.1K $4.92/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,361,640
Cap Rate 7%
$1,686,886
Cap Rate 9%
$1,312,022
Alternative Uses
Best Use
Office B
$4.52M
$3.95M – $5.27M
NOI $316,132 @ 7.0% cap · market cap 12.96%
Second Best
Warehouse
$1.69M
$1.48M – $1.97M
NOI $118,082 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$7.24M
$6.33M – $8.45M
NOI $506,732 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64836, MO
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse/trucking/industrial property with expansion potential near I-44.
Where is this warehouse located?
The property is located at 2412 County Lane 175 Carthage, MO.
What is the asking price?
The asking price for this property is $2,440,000.
What are key features of this property?
This property features: Direct access to I‑44 (less than 1 mile).; Recently renovated and expanded Class S‑Light Industrial site with professional office space.**; Over 11,000 sq ft of professional office space with 2200+ sq ft of unfinished additional office space.**
