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    Well-Maintained Commercial Office Building Title is generated by Realmo AI

    2613 S Main Street, Joplin, MO 64804

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    Claim this Listing
    For Sale
    $3,700,000

    COMMERCIAL - Joplin, MO

    Property size:
    20,000 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $185/SF
    Added:
    Aug 13, 2025
    Days on Market:
    296
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 2613 S Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C3-PD
    Standard status
    Active
    Size
    20,000 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Annual Amount
    28823

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Flooring type
    Carpet, Ceramic, Vinyl
    Roof type
    Metal

    We can help!

    Listing Contact
    Kortni Johnson

    Listing agent Kortni Johnson License #2021038017

    Listing office CHARLES BURT REALTORS 2300 E 7th, Joplin, MO

    Listing date Aug 13, 2025

    MLS# 254463

    Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully leased commercial office building with a strong tenant mix, providing immediate income.
    • Newer construction (less than 10 years old) ensuring modern standards and reduced maintenance.
    • Turnkey asset with solid income and long‑term value.
    • Spacious parking lot and multiple entry points for convenient access.
    • Elevator providing accessibility throughout the building.
    • Modern architectural design with large windows for abundant natural light.

    Overview

    This newer, well-maintained commercial office building, less than 10 years old, presents an exceptional investment opportunity. The fully leased property features a strong tenant mix and is designed for both functionality and curb appeal. The building, located in Joplin, Missouri, offers a spacious parking lot and multiple entry points for convenience. Modern architectural details include large windows that fill the interior with natural light. Inside, quality finishes are present throughout, along with an elevator for accessibility, and a layout that supports both privacy and collaboration. The property, zoned C3-PD, occupies a 1-acre lot. The building has 20000 square feet of space. This is a true turnkey asset with solid income and long-term value.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $439.2k $21.96
    − Vacancy −$87.8k −$4.39
    EGI $351.4k $17.57
    − OpEx −$87.8k −$4.39
    NOI $263.5k $13.18
    20,000 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.76M
    $3.29M – $4.39M (±1% cap)
    NOI $263,520 @ 7.0% cap · market cap 7.12%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $6.03M
    $5.28M – $7.04M (±1% cap)
    NOI $422,400 @ 7.0% cap · market cap 11.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Phoenix Home Care Nursing Home Dr. Bruce A. Akuna Pediatrician Iftikhar Ali Physician Phoenix Home Care ... Home Health Care Service Cornerstone Medical, LLC Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.51419
    Latitude
    37.061642

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    FAQs

    What type of property is this?
    Office building - Fully leased commercial office building with strong tenant mix in Joplin.
    Where is this office building located?
    The property is located at 2613 S Main Street Joplin, MO.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: Fully leased commercial office building with a strong tenant mix, providing immediate income.; Newer construction (less than 10 years old) ensuring modern standards and reduced maintenance.; Turnkey asset with solid income and long‑term value.
    (417) 812-2174
    We can help!
    Listing Contact
    Kortni Johnson
    Real Estate License ID: 2021038017
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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