Freestanding Brick Office
For Sale
$279,000
2929 S Main Street Road, Joplin, MO 64804
Commercial Sale, Joplin, MO
Property Size1,568 SF
Lot Size0.08 Acres
Price / SF$177.93
Days on Market97
Property Features for 2929 S Main Street Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Rooms
Basement
Directions
2929 South Main - Sign on property
Subdivision
03 - Joplin City - SW
Standard status
Active
APN
19501540033006000
Size
1,568 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
1631
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Flooring type
Carpet, Vinyl, Laminate
Roof type
Composition
Listing Agency:
Andrew Bright & Associates
(620) 313-0127
Listed By:
John Hyman · License #2014018673
(417) 437-9051
Added: Jun 4
Changed: Sep 6
Last Checked: Sep 8 at 11:06AM
MLS# 263104
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.
Investment Insights
Based on property information with market context.
This 1,568-square-foot freestanding office property occupies a 0.08-acre lot at 2929 S Main Street Road in Joplin. The all-brick building was remodeled from a former residential structure and includes multiple private offices, two bathrooms, a break room, and an upstairs conference room with a furnished reception area. Interior finishes include carpet, laminate, and vinyl flooring, supported by central heating and central air conditioning. The property also includes a basement and a composition roof.
Positioned at the northeast corner of 30th and Main, the property carries C-3 zoning. Its office-oriented layout and existing conference, reception, and support areas provide a defined commercial configuration.
Positioned at the northeast corner of 30th and Main, the property carries C-3 zoning. Its office-oriented layout and existing conference, reception, and support areas provide a defined commercial configuration.
Key Highlights
- 1,568 SF freestanding office building on a 0.08‑acre lot
- All‑brick building remodeled from a former residential structure
- Multiple private offices, two bathrooms, and a break room
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
$20,660
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
7.41%
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%
$413,200
$413.2K
Cap Rate 7%
$295,143
$295.1K
Cap Rate 9%
$229,556
$229.6K
Market Conditions
NOI Build-Up for 1,568 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
$34.4K $21.96/SF
− Vacancy
−$6.9K −$4.39/SF
EGI
$27.5K $17.57/SF
− OpEx
−$6.9K −$4.39/SF
NOI
$20.7K $13.18/SF
Area
Jasper County, MO
Vacancy
20.00%
Lease Rate
$21.96 /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%
$413,200
Cap Rate 7%
$295,143
Cap Rate 9%
$229,556
Alternative Uses
Best Use
Office B
$295.1K
$258.3K – $344.3K
NOI $20,660 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.1K
$414.0K – $551.9K
NOI $33,116 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
676
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The building includes private offices, two bathrooms, and a break room.
Where is this office building located?
The property is located at 2929 S Main Street Road Joplin, MO.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1,568 SF freestanding office building on a 0.08‑acre lot; All‑brick building remodeled from a former residential structure; Multiple private offices, two bathrooms, and a break room
