Joplin Motel Business
For Sale
$3,500,000
3031 S Rangeline Road, Joplin, MO 64804
Prime real estate with motel business near I-44 ramps.
Property Size31,868 SF
Lot Size2.00 Acres
Price / SF$109.83
Days on Market113
Property Features for 3031 S Rangeline Road
General Information
Standard status
Active
Size
31,868 SF
Lot size
2.00 Acres
Zoning
C-3
Taxes and HOA fees
Annual Taxes
$39,448
Building Details
Year Built
1983
Listed By:
PRO100
(417) 782-0800
Source:
Pro100.idxbroker
Added: May 14
Changed: Aug 23
Last Checked: Sep 2 at 1:28PM
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 PRO100
Investment Insights
Based on property information with market context.
This property offers an opportunity to own over 2 acres of prime real estate in Joplin, Missouri. Currently operating as the Super 7 Inn, the property is being sold with the motel business. It is located near the intersection of Range Line Road and 32nd Street, not far from the I-44 ramps. The property size is 31868 square feet. The location benefits from a traffic count exceeding 20,000 cars per day.
Key Highlights
- Over 2 acres of prime real estate in Joplin
- Operating motel business included in sale
- High traffic count: over 20,000 cars/day
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
$185,281
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
5.29%
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%
$3,705,620
$3.7M
Cap Rate 7%
$2,646,871
$2.6M
Cap Rate 9%
$2,058,678
$2.1M
Market Conditions
NOI Build-Up for 31,868 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
$458.9K $14.40/SF
− Vacancy
−$68.8K −$2.16/SF
EGI
$390.1K $12.24/SF
− OpEx
−$204.8K −$6.43/SF
NOI
$185.3K $5.81/SF
Area
Jasper County, MO
Vacancy
15.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
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%
$3,705,620
Cap Rate 7%
$2,646,871
Cap Rate 9%
$2,058,678
Alternative Uses
Best Use
Hotel Hospitality
$2.65M
$2.32M – $3.09M
NOI $185,281 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.62M
$8.41M – $11.22M
NOI $673,052 @ 7.0% cap · market cap 19.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Best Western The Oasis at Joplin — 3508 S Rangeline Rd, Joplin, MO 64804
- Econo Lodge Inn & Suites Joplin — 3510 S Rangeline Rd, Joplin, MO 64804
- Super 8 by Wyndham Joplin — 2830 E 36th St, Joplin, MO 64804
- Sunrise Inn — 3600 s rangeline rd, joplin, mo 64804
- Baymont Inn and Suites Joplin — 3510 S Rangeline Rd, Joplin, MO 64804
Frequently Asked Questions
What type of property is this?
Motel - Prime real estate with motel business near I-44 ramps.
Where is this motel located?
The property is located at 3031 S Rangeline Road Joplin, MO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Over 2 acres of prime real estate in Joplin; Operating motel business included in sale; High traffic count: over 20,000 cars/day
