Building Details

Number of units 1

Flooring type Concrete

Roof type Built-Up

Listing Agency: PRO 100 Inc., REALTORS a***@pro100.com Show Phone

Listed By: HUNTER REAL ESTATE, Kevin Hunter · License #1999016642 Show Phone

Added: Sep 2 Changed: Oct 8 Last Checked: Oct 20 at 9:06AM

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MLS# 264941

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.

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Investment Insights

Based on property information with market context.

This 3,600-square-foot medical office property occupies 1.2 acres at 3121 McClelland Boulevard in Joplin, Missouri. The building has masonry construction with a full brick veneer, concrete flooring, a built-up roof, central air conditioning, and central natural-gas heating. Its prior dental-office use provides an existing medical-office context, while the property is positioned for renovation.

The site is located in Joplin, within Jasper County, and carries a 64804 ZIP code. The combination of a medical-office building, substantial land area, and existing mechanical systems provides a straightforward base for evaluating future office configuration and improvements.

Key Highlights

• 3,600‑square‑foot medical office building on 1.2 acres
• Masonry construction with full brick veneer
• Prior dental‑office use; property is ready for renovation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,964

Cap Rate

7.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$719,280 $719.3K

Cap Rate 7%

$513,771 $513.8K

Cap Rate 9%

$399,600 $399.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,600 SF

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 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 (±1% cap)

NOI $47,434 @ 7.0% cap · market cap 9.49%

Second Best

Healthcare Medical

$513.8K

$449.6K – $599.4K (±1% cap)

NOI $35,964 @ 7.0% cap · market cap 7.19%

Theoretical Best

Office A

$1.09M

$950.4K – $1.27M (±1% cap)

NOI $76,032 @ 7.0% cap · market cap 15.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Restaurant Hair Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Freestanding medical office property with central HVAC and a prior dental-office layout 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: 3,600‑square‑foot medical office building on 1.2 acres; Masonry construction with full brick veneer; Prior dental‑office use; property is ready for renovation