Turn-Key Restaurant
For Sale
$1,400,000
Pending
2412 Main Street, Joplin, MO 64804
Newly built in 2014 and operating as a Mexican restaurant, with sale including equipment and fixtures to run the concept.
Property Size5,378 SF
Days on Market241
Property Features for 2412 Main Street
General Information
Standard status
Pending
Size
5,378 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$10,796
Amenities
Electric
3
Flat, Rubber
Paved Driveway.
City
290X110
Building Details
Year Built
2014
Listing Agency:
PRO 100 Inc., REALTORS
(417) 850-5355
Listed By:
James Hunter, IV · License #2010009040
(417) 850-5355
Source:
Xome
Added: Dec 13, 2025
Changed: Aug 10
Last Checked: Aug 10 at 3:43AM
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 PRO 100 Inc., REALTORS
Investment Insights
Based on property information with market context.
This turn-key restaurant building was built new in 2014 and contains 5,783 square feet of well-designed space. The property is currently operating as a Mexican restaurant, but the layout and improvements could support a different menu concept. The sale includes the equipment and fixtures needed to operate the restaurant.
The property is located on S Main St in Joplin, MO, and includes more than adequate paved parking with two parcels included for a total of 0.7324 acres.
Please note the sale is subject to tenant rights, as the current tenant is operating a restaurant.
The property is located on S Main St in Joplin, MO, and includes more than adequate paved parking with two parcels included for a total of 0.7324 acres.
Please note the sale is subject to tenant rights, as the current tenant is operating a restaurant.
Key Highlights
- Newly built 2014 restaurant building with 5,783 sq ft on S Main St in Joplin
- Currently operating as a Mexican restaurant; includes equipment and fixtures needed to operate
- Roof is flat with rubber roofing
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
$54,365
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
3.88%
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%
$1,087,300
$1.1M
Cap Rate 7%
$776,643
$776.6K
Cap Rate 9%
$604,056
$604.1K
Market Conditions
NOI Build-Up for 5,378 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
$75.5K $14.04/SF
− Vacancy
−$3.0K −$0.56/SF
EGI
$72.5K $13.48/SF
− OpEx
−$18.1K −$3.37/SF
NOI
$54.4K $10.11/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,087,300
Cap Rate 7%
$776,643
Cap Rate 9%
$604,056
Alternative Uses
Best Use
Specialty Retail
$776.6K
$679.6K – $906.1K
NOI $54,365 @ 7.0% cap · market cap 3.88%
Second Best
Industrial
$311.4K
$272.5K – $363.3K
NOI $21,797 @ 7.0% cap · market cap 1.56%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,583 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64804, MO
38,078
Population
16,844
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
91.4 sq mi
ZIP Area
417
Density / Sq Mi
$62,081
Median Household Income
$34,780
Median Earnings
$886
Median Rent
$171,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Newly built in 2014 and operating as a Mexican restaurant, with sale including equipment and fixtures to run the concept.
Where is this conventional restaurant located?
The property is located at 2412 Main Street Joplin, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Newly built 2014 restaurant building with 5,783 sq ft on S Main St in Joplin; Currently operating as a Mexican restaurant; includes equipment and fixtures needed to operate; Roof is flat with rubber roofing
