111-Room
For Sale
$3,500,000
3031 S Rangeline Road, Joplin, MO 64804
COMMERCIAL - Joplin, MO
Property Size31,868 SF
Lot Size2.20 Acres
Price / SF$109.83
Days on Market99
Property Features for 3031 S Rangeline Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Fencing
Privacy
Directions
From Range Line Rd and 32nd Street in Joplin, Go north on Range Line Rd and property is on the east side.
Subdivision
03 - Joplin City - SW
Standard status
Active
APN
20-4.0-18-000-000-040.000
Size
31,868 SF
Lot size
2.20 Acres
Taxes and HOA fees
Tax Description
OP MISC BEG 534.35' N & 40' E SW COR SEC E 418.8' N 229.5' W 418.8' S TO BEG
Tax Annual Amount
39449
Legal Description
OP MISC BEG 534.35' N & 40' E SW COR SEC E 418.8' N 229.5' W 418.8' S TO BEG
Utilities
Heating system
Central, Natural Gas, Other (Heating)
Cooling system
Wall Unit(s), Central Air
Building Details
Year built
1983
Number of units
111
Flooring type
Vinyl, Ceramic
Roof type
Rolled Hot Mop
Listing Agency:
KELLER WILLIAMS REALTY ELEVATE
(417) 623-9900
Listed By:
Amy Hunt Team · License #2017015942
(417) 499-8699
Added: May 11
Changed: Aug 4
Last Checked: Aug 17 at 4:06AM
MLS# 262509
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.
Operating as the Super 7 Inn, this motel property includes 111 rooms and is offered for sale with the motel business. The building sits on a 2.2-acre lot and totals 31,868 square feet. Interior flooring includes ceramic and vinyl, with central heating and natural gas along with an additional heating source, and central air plus wall unit(s) for cooling.
Set at 3031 S Rangeline Road in Joplin, the property is near the intersection of Range Line Rd and 32nd Street and not far from the I-44 ramps. Traffic count is over 20,000 cars per day, supporting visibility for lodging and related uses. The property includes privacy fencing and a rolled hot mop roof. Built in 1983, it is zoned C-3.
Set at 3031 S Rangeline Road in Joplin, the property is near the intersection of Range Line Rd and 32nd Street and not far from the I-44 ramps. Traffic count is over 20,000 cars per day, supporting visibility for lodging and related uses. The property includes privacy fencing and a rolled hot mop roof. Built in 1983, it is zoned C-3.
Key Highlights
- 111 rooms operating as the Super 7 Inn and sold with the motel business
- 2.2‑acre lot and 31,868 SF total building area
- Zoned C‑3
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
Lease Details
Turnkey business
Opportunity
Yes
Highway access
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
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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 - C-3 zoned motel on 2.2 acres with central air, natural gas heating, and a privacy-fenced site.
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: 111 rooms operating as the Super 7 Inn and sold with the motel business; 2.2‑acre lot and 31,868 SF total building area; Zoned C‑3
