Mixed-Use Property with Event
For Sale
Contact for pricing
2802 North Rangeline Road, 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 Market14
Property Features for 2802 North Rangeline Road
General Information
Standard status
Active
Size
4,224 SF
Lot size
1.31 Acres
Property subtype
Retail, Mixed Use, Special Purpose
Zoning
R3
Lease Type
Gross
Additional Details
Road Access
Yes
Building Details
Buildings
2
Listing Agency:
Keller Williams Realty Elevate
(417) 499-8699
Listed By:
Amy Hunt · License #MO 2017015942
Source:
Crexi
Added: Aug 4
Changed: Aug 13
Last Checked: Aug 16 at 10:07PM
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
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 = 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
$37,889
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
7.58%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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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 North Rangeline Road 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
