Joplin Motel Business
3031 S Rangeline Road Joplin, MO 64804
3031 S Rangeline Road, Joplin, MO, 64804
Contact for pricing
For Sale
Contact for pricing
Prime real estate with motel business near I-44 ramps.
Property Size31,868 SF
Lot Size2.00 Acres
Price / SF$109.83
Days on Market68
Property Features for 3031 S Rangeline Road
General Information
- Standard status
- Active
- Size
- 31,868 SF
- Lot size
- 2.00 Acres
- Property subtype
- Multifamily, Hospitality, Land
Building Details
- Year Built
- 1983
Listing Agency
Keller Williams Realty Elevate
(417) 499-8699
Listed by
Amy Hunt · License #MO 2017015942
Source
Crexi
Added: May 11 Checked: Jul 17 at 9:57 am
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 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
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $458.9k | $14.40 |
| − Vacancy | −$68.8k | −$2.16 |
| EGI | $390.1k | $12.24 |
| − OpEx | −$204.8k | −$6.43 |
| NOI | $185.3k | $5.81 |
31,868 SF · lease $14.40/SF/yr · vacancy 15.00% · expense 52.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Super 7 INN
Hotel & Motel
3031 S Rangeline ...
Hotel & Motel
Similar For Sale Nearby
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
FAQs
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
