Former Dental Office Ready for
For Sale
$500,000
3121 McClelland Boulevard, Joplin, MO 64804
COMMERCIAL - Joplin, MO
Property Size3,600 SF
Lot Size1.20 Acres
Price / SF$138.89
Days on Market172
Property Features for 3121 McClelland Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
32nd & McClelland, north to bldg on east side
Subdivision
03 - Joplin City - SW
Standard status
Active
Size
3,600 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Annual Amount
4973
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Building Details
Number of units
1
Flooring type
Concrete
Roof type
Built-Up
Listing Agency:
HUNTER REAL ESTATE
(417) 626-8200
Listed By:
Kevin Hunter · License #2026036268
(417) 629-8200
Added: Feb 26
Changed: Aug 14
Last Checked: Aug 17 at 3:06AM
MLS# 261018
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.
This former dental office is a masonry building with full brick veneer exterior, offering a practical medical office layout that’s ready for renovation. Interior features include concrete flooring, with central heating powered by natural gas and central air conditioning to support a wide range of medical and office uses.
The property sits on a 1.2-acre lot and includes 3,600 square feet of space. The roof is built-up, providing a durable envelope for an owner or tenant looking to reposition the space. Address: 3121 McClelland Boulevard, Joplin, MO 64804 (Jasper County).
With its established office improvements and straightforward mechanical systems, the building can be adapted by a qualified user or developer for updated medical office or professional office needs.
The property sits on a 1.2-acre lot and includes 3,600 square feet of space. The roof is built-up, providing a durable envelope for an owner or tenant looking to reposition the space. Address: 3121 McClelland Boulevard, Joplin, MO 64804 (Jasper County).
With its established office improvements and straightforward mechanical systems, the building can be adapted by a qualified user or developer for updated medical office or professional office needs.
Key Highlights
- 1.2‑acre lot with 3,600 SF former dental office
- Masonry construction with full brick veneer exterior
- Concrete flooring
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
$35,964
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
7.19%
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%
$719,280
$719.3K
Cap Rate 7%
$513,771
$513.8K
Cap Rate 9%
$399,600
$399.6K
Market Conditions
NOI Build-Up for 3,600 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
$64.8K $18.00/SF
− Vacancy
−$4.9K −$1.35/SF
EGI
$59.9K $16.65/SF
− OpEx
−$24.0K −$6.66/SF
NOI
$36.0K $9.99/SF
Area
Jasper County, MO
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
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%
$719,280
Cap Rate 7%
$513,771
Cap Rate 9%
$399,600
Alternative Uses
Best Use
Office B
$677.6K
$592.9K – $790.6K
NOI $47,434 @ 7.0% cap · market cap 9.49%
Second Best
Healthcare Medical
$513.8K
$449.6K – $599.4K
NOI $35,964 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,063
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Former dental office with brick-veneer masonry, central natural gas heat, and central air, ready for renovation.
Where is this medical office space located?
The property is located at 3121 McClelland Boulevard Joplin, MO.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1.2‑acre lot with 3,600 SF former dental office; Masonry construction with full brick veneer exterior; Concrete flooring
