Building Details

Flooring type Ceramic

Listing Agency: KELLER WILLIAMS REALTY ELEVATE k***@kw.com Show Phone

Listed By: Deborah Barlos · License #2001021542 Show Phone

Added: Mar 12 Changed: Oct 25 Last Checked: Oct 26 at 8:06AM

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MLS# 261370

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.

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Investment Insights

Based on property information with market context.

This fully leased office property contains 11 occupied units totaling 14,720 square feet. The building sits on 2.88 acres and includes ceramic flooring, central air conditioning, and central electric heating. On-site parking supports the existing multi-unit configuration.

Located at 2727 E 32nd Street in south Joplin, the property carries C-3PD zoning. Its position within the 64804 postal area places the office asset in Jasper County, Missouri.

Key Highlights

• 11 occupied office units
• 14,720 square feet of building area
• 2.88‑acre property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$147,053

Cap Rate

9.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,941,060 $2.9M

Cap Rate 7%

$2,100,757 $2.1M

Cap Rate 9%

$1,633,922 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,720 SF

Gross rent

$265.0K $18.00/SF

− Vacancy

−$19.9K −$1.35/SF

EGI

$245.1K $16.65/SF

− OpEx

−$98.0K −$6.66/SF

NOI

$147.1K $9.99/SF

Area

Jasper County, MO

Vacancy

7.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,941,060

Cap Rate 7%

$2,100,757

Cap Rate 9%

$1,633,922

Alternative Uses

Best Use

Office B

$2.77M

$2.42M – $3.23M (±1% cap)

NOI $193,951 @ 7.0% cap · market cap 12.12%

Second Best

Healthcare Medical

$2.10M

$1.84M – $2.45M (±1% cap)

NOI $147,053 @ 7.0% cap · market cap 9.19%

Theoretical Best

Office A

$4.44M

$3.89M – $5.18M (±1% cap)

NOI $310,886 @ 7.0% cap · market cap 19.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Edgar Marion Conrad Physician Quest Diagnostics Medical Clinic Express Psychotherapy LLC Crisis Center Representative Billy Long Government Office The Stevenson Law Office, ... Law Firm

Suggested Use

Top Pick Building Supply HVAC Service Parking Lot & Garage Electrical Service Hair Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11

Office units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

692

Businesses Nearby

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 Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Multi-unit office property with central HVAC, ceramic flooring, and substantial on-site parking.

Where is this office building located?

The property is located at 2727 E 32nd Street Joplin, MO.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: 11 occupied office units; 14,720 square feet of building area; 2.88‑acre property