Mixed-Use Property with Event
For Sale
$500,000
2802 N Rangeline Rd, Joplin, MO 64801
R-3-zoned property includes a storage building and parking area with access from Rangeline Road.
Property Size4,224 SF
Lot Size1.31 Acres
Price / SF$118.37
Days on Market143
Property Features for 2802 N Rangeline Rd
General Information
Standard status
Active
Size
4,224 SF
Lot size
1.31 Acres
Property subtype
Commercial
Zoning
R-3
Additional Details
Road Access
Yes
Building Details
Year Built
1973
Buildings
2
Listing Agency:
Keller Williams Realty Elevate
Listed By:
Amy Hunt Realty
(417) 499-8699
Source:
Trilakeshomesearch
Added: Jun 6
Changed: Oct 25
Last Checked: Oct 24 at 4:59PM
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 Keller Williams Realty Elevate
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Investment Insights
Based on property information with market context.
This mixed-use property occupies 1.31 acres and includes a commercial building previously used as an event center, with seating for approximately 120 to 150 guests. A separate large storage building and spacious parking lot are also part of the property. Access is provided from Rangeline Road, supporting the existing layout and its commercial configuration.
The property is zoned R-3. Potential redevelopment, multifamily residential use, and other uses permitted under current zoning are identified in the property information; intended use should be confirmed with local zoning authorities. The property is offered for sale or lease at 2802 North Rangeline Road in Joplin, Missouri.
The property is zoned R-3. Potential redevelopment, multifamily residential use, and other uses permitted under current zoning are identified in the property information; intended use should be confirmed with local zoning authorities. The property is offered for sale or lease at 2802 North Rangeline Road in Joplin, Missouri.
Key Highlights
- 1.31‑acre mixed‑use property at 2802 North Rangeline Road, Joplin, MO 64801
- Commercial building previously used as an event center
- Seating capacity of approximately 120 to 150 guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,889
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,780
$757.8K
Cap Rate 7%
$541,271
$541.3K
Cap Rate 9%
$420,989
$421.0K
Market Conditions
NOI Build-Up for 4,224 SF
Gross rent
$65.9K $15.60/SF
− Vacancy
−$5.3K −$1.25/SF
EGI
$60.6K $14.35/SF
− OpEx
−$22.7K −$5.38/SF
NOI
$37.9K $8.97/SF
Area
Jasper County, MO
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,780
Cap Rate 7%
$541,271
Cap Rate 9%
$420,989
Alternative Uses
Best Use
Mixed Use
$541.3K
$473.6K – $631.5K
NOI $37,889 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,211 @ 7.0% cap · market cap 17.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
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Business Placement
Demographics for 64801, MO
35,234
Population
17,460
Households
2
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
57.5 sq mi
ZIP Area
613
Density / Sq Mi
$51,360
Median Household Income
$31,103
Median Earnings
$884
Median Rent
$176,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - R-3-zoned property includes a storage building and parking area with access from Rangeline Road.
Where is this mixed-use property located?
The property is located at 2802 N Rangeline Rd Joplin, MO.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1.31‑acre mixed‑use property at 2802 North Rangeline Road, Joplin, MO 64801; Commercial building previously used as an event center; Seating capacity of approximately 120 to 150 guests
