Drive-Thru Restaurant
For Sale
Contact for pricing
2850 S Rangeline Rd, Joplin, MO 64804
Drive-thru restaurant building with clear span space, turn-key kitchen, and 115 parking spaces on 2 acres.
Property Size10,000 SF
Lot Size2.00 Acres
Price / SF$180
Days on Market175
Property Features for 2850 S Rangeline Rd
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
115
Lot size
2.00 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
C-3 - M-2
Investment Type
Owner/User
Site & Location
Traffic Count
35,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
2023
Buildings
1
Stories
1
Listing Agency:
Andrew Bright & Associates
Listed By:
John Hyman · License #MO2014018673
(417) 437-9051
Source:
Crexi
Added: Mar 17
Changed: Aug 25
Last Checked: Sep 7 at 4:55AM
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 Andrew Bright & Associates
Investment Insights
Based on property information with market context.
This 10,000 SF restaurant building includes a drive-thru and turn-key kitchen in place, with interior space described as clear span to support multiple configurations. The property sits on 2 acres and provides 115 parking spaces. The existing setup can be used as-is as a restaurant, or adapted for other uses such as retail space or professional office, with the option for subdivision for mixed use with multiple entrances.
The facility is located less than a mile north of the I-44 and Business 49 interchange on Joplin’s highest traffic count street (35,000 TC). The property also includes an income-producing billboard.
The building is described as well maintained, featuring high-end finishes and new HVAC.
The facility is located less than a mile north of the I-44 and Business 49 interchange on Joplin’s highest traffic count street (35,000 TC). The property also includes an income-producing billboard.
The building is described as well maintained, featuring high-end finishes and new HVAC.
Key Highlights
- 10,000 SF building on 2 acres with drive‑thru restaurant setup and clear span interior space.
- Turn‑key kitchen in place, or re‑purpose for other uses.
- 115 parking spaces plus high‑traffic location on Joplin’s highest traffic count street (35,000 TC), less than 1 mile north of I‑44 & Business 49.
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
$101,088
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
5.62%
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%
$2,021,760
$2.0M
Cap Rate 7%
$1,444,114
$1.4M
Cap Rate 9%
$1,123,200
$1.1M
Market Conditions
NOI Build-Up for 10,000 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
$140.4K $14.04/SF
− Vacancy
−$5.6K −$0.56/SF
EGI
$134.8K $13.48/SF
− OpEx
−$33.7K −$3.37/SF
NOI
$101.1K $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 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%
$2,021,760
Cap Rate 7%
$1,444,114
Cap Rate 9%
$1,123,200
Alternative Uses
Best Use
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $101,088 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,200 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
35,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
244k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Home Improvements & Furnishings 17%
Shops & Services 11%
Office Supplies 6%
Lowe's
Home Improvements & Furnishings
40,504 visits/mo
0.2 miles
Golden Corral
Dining
20,901 visits/mo
0.2 miles
Freddy's Frozen Custard & Steakburgers
Dining
19,750 visits/mo
0.4 miles
Braum's Ice Cream & Dairy Stores
Dining
19,581 visits/mo
0.1 miles
McAlister's Deli
Dining
15,689 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Drive-thru restaurant building with clear span space, turn-key kitchen, and 115 parking spaces on 2 acres.
Where is this drive through restaurant located?
The property is located at 2850 S Rangeline Rd Joplin, MO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 10,000 SF building on 2 acres with drive‑thru restaurant setup and clear span interior space.; Turn‑key kitchen in place, or re‑purpose for other uses.; 115 parking spaces plus high‑traffic location on Joplin’s highest traffic count street (35,000 TC), less than 1 mile north of I‑44 & Business 49.
