Car Wash with 125-Foot
For Sale
Contact for pricing
3040 E 7th St, Joplin, MO 64801
C-3-zoned car wash property with an established tunnel wash configuration.
Property Size7,075 SF
Price / SF$169.61
Days on Market124
Property Features for 3040 E 7th St
General Information
Standard status
Active
Size
7,075 SF
Property subtype
Special Purpose, Business for Sale, Land
Zoning
C-3
Investment Type
Redevelopment
Additional Details
Traffic Count
19,260 vehicles/day
Land Use
car wash
Building Details
Year Built
2005
Listing Agency:
Matthews
(425) 753-1211
Listed By:
Ayman Sultan · License #SA 695342000
Source:
Crexi
Added: Apr 29
Changed: Aug 29
Last Checked: Aug 29 at 1:14PM
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 Matthews
Investment Insights
Based on property information with market context.
This car wash property at 3040 E 7th St features a 125-foot tunnel and was constructed in 2005. The site carries C-3 zoning, supporting its current commercial positioning.
The property is located in Joplin, Missouri, along E 7th St. Reported traffic volume exceeds 19,260, providing a measurable access and exposure characteristic for the site.
The property is located in Joplin, Missouri, along E 7th St. Reported traffic volume exceeds 19,260, providing a measurable access and exposure characteristic for the site.
Key Highlights
- 125‑foot tunnel wash configuration
- C‑3 zoning
- Constructed in 2005
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
$71,520
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
5.96%
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%
$1,430,400
$1.4M
Cap Rate 7%
$1,021,714
$1.0M
Cap Rate 9%
$794,667
$794.7K
Market Conditions
NOI Build-Up for 7,075 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
$99.3K $14.04/SF
− Vacancy
−$4.0K −$0.56/SF
EGI
$95.4K $13.48/SF
− OpEx
−$23.8K −$3.37/SF
NOI
$71.5K $10.11/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,430,400
Cap Rate 7%
$1,021,714
Cap Rate 9%
$794,667
Alternative Uses
Best Use
Specialty Retail
$1.02M
$894.0K – $1.19M
NOI $71,520 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$953.6K
$834.4K – $1.11M
NOI $66,752 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,424 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
19,260 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
653k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 27%
Shops & Services 26%
Dining 22%
Superstores 19%
Target
Superstores
95,206 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
65,524 visits/mo
0.5 miles
Kohl's
Apparel
57,769 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
42,873 visits/mo
0.4 miles
Ross Dress for Less
Apparel
42,437 visits/mo
0.4 miles
Demographics for 64801, MO
35,234
Population
17,460
Households
2
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
57.5 sq mi
ZIP Area
613
Density / Sq Mi
$51,360
Median Household Income
$31,103
Median Earnings
$884
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - C-3-zoned car wash property with an established tunnel wash configuration.
Where is this car wash located?
The property is located at 3040 E 7th St Joplin, MO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 125‑foot tunnel wash configuration; C‑3 zoning; Constructed in 2005
