111-Room Motel
For Sale
$3,500,000
3031 S Rangeline Road, Joplin, MO 64804
Commercial Sale, Joplin, MO
Property Size31,868 SF
Lot Size2.20 Acres
Price / SF$109.83
Days on Market117
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
Other (Heating), Central, Natural Gas
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: Sep 3
Last Checked: Sep 4 at 9:06AM
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.
The property comprises a 31,868-square-foot motel built in 1983, with 111 guest rooms and a motel business included in the sale. Interior finishes include vinyl and ceramic flooring, while heating and cooling systems include central equipment, natural gas heating, and wall units. The building also has a rolled hot mop roof and privacy fencing.
Situated on 2.2 acres near the intersection of Range Line Road and 32nd Street, the property is positioned close to the I-44 ramps. Reported traffic volume exceeds 20,000 cars per day. The site carries C-3 zoning and is located in Joplin, Missouri.
Situated on 2.2 acres near the intersection of Range Line Road and 32nd Street, the property is positioned close to the I-44 ramps. Reported traffic volume exceeds 20,000 cars per day. The site carries C-3 zoning and is located in Joplin, Missouri.
Key Highlights
- 111 guest rooms with the motel business included in the sale
- 31,868‑square‑foot motel on 2.2 acres
- C‑3 zoning
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
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 - Operating motel with the associated business included in the sale.
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 guest rooms with the motel business included in the sale; 31,868‑square‑foot motel on 2.2 acres; C‑3 zoning
