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 Market159
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: Sep 17
Last Checked: Sep 26 at 3:42AM
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
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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 / Yr
$185,281
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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
