Restaurant with Equipment
For Sale
$1,400,000
Pending
2412 S Main Street, Joplin, MO 64804
Commercial Sale, Joplin, MO
Property Size5,783 SF
Lot Size0.73 Acres
Days on Market196
Property Features for 2412 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Lot features
Level
View
City
Directions
From I44 and S Main St, go North to property on West side of Main st
Standard status
Pending
APN
19-5.0-15-10-35-13.0
Lot size
0.73 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
O'Keefes Add Lots 171 To 174 Inc
Tax Annual Amount
10796
Legal Description
O'Keefes Add Lots 171 To 174 Inc
Utilities
Utilities
Water Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Building Details
Year built
2014
Roof type
Rubber, Flat
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
James I. Hunter, IV · License #201110009040
(417) 850-5355
Added: Mar 31
Changed: Sep 17
Last Checked: Oct 12 at 7:06PM
MLS# 60319509
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,783-square-foot restaurant building was constructed in 2014 and is currently occupied by a Mexican restaurant tenant. The sale includes the equipment and fixtures used in the existing operation, along with three bathrooms. The property has forced-air heating powered by natural gas, electric cooling, a flat rubber roof, and water available.
Two parcels comprise approximately 0.7324 acres of paved area associated with the restaurant. The current tenant continues to operate the business, and the sale is subject to existing tenant rights. The property is located on S Main Street in Joplin, Missouri.
Two parcels comprise approximately 0.7324 acres of paved area associated with the restaurant. The current tenant continues to operate the business, and the sale is subject to existing tenant rights. The property is located on S Main Street in Joplin, Missouri.
Key Highlights
- 5,783‑square‑foot restaurant building constructed in 2014
- Two parcels totaling 0.7324 acres of paved area
- Sale includes equipment and fixtures needed for restaurant operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,459
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,180
$1.2M
Cap Rate 7%
$835,129
$835.1K
Cap Rate 9%
$649,544
$649.5K
Market Conditions
NOI Build-Up for 5,783 SF
Gross rent
$81.2K $14.04/SF
− Vacancy
−$3.2K −$0.56/SF
EGI
$77.9K $13.48/SF
− OpEx
−$19.5K −$3.37/SF
NOI
$58.5K $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 Rate 5%
$1,169,180
Cap Rate 7%
$835,129
Cap Rate 9%
$649,544
Alternative Uses
Best Use
Specialty Retail
$835.1K
$730.7K – $974.3K
NOI $58,459 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,137 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Shops & Services 8%
Beauty & Spa 4%
Braum's Ice Cream & Dairy Stores
Dining
22,580 visits/mo
0.1 miles
McDonald's
Dining
20,396 visits/mo
0.2 miles
Taco Bell
Dining
15,890 visits/mo
0.1 miles
Conoco
Shops & Services
4,107 visits/mo
0.4 miles
Papa John's Pizza
Dining
3,165 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant includes equipment, fixtures, and paved parking across two parcels.
Where is this conventional restaurant located?
The property is located at 2412 S 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: 5,783‑square‑foot restaurant building constructed in 2014; Two parcels totaling 0.7324 acres of paved area; Sale includes equipment and fixtures needed for restaurant operations
