Furnished Flex Space with
For Sale
$1,400,000
3203 N Rangeline Road, Joplin, MO 64801
COMMERCIAL - Joplin, MO
Property Size2,550 SF
Lot Size1.37 Acres
Price / SF$388.89
Days on Market166
Property Features for 3203 N Rangeline Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Fencing
Barbed Wire, Chain Link
Directions
From 7th st and Rangeline Road in Joplin, go North 25 blocks to the sign on East side of road
Subdivision
02 - Joplin City - NE
Standard status
Active
APN
15903030003002005
Size
3,600 SF
Lot size
1.37 Acres
Taxes and HOA fees
Tax Annual Amount
7947
Utilities
Heating system
Forced Air, Central
Cooling system
Central Air
Amenities
break room
security system
radio speakers
Building Details
Year built
2006
Flooring type
Laminate, Vinyl
Roof type
Shingle
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Jim Alyssa Hunter Team · License #2010009040
(417) 850-5355
Added: Mar 4
Changed: Aug 4
Last Checked: Aug 17 at 3:06AM
MLS# 261129
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 flex space combines a remodeled 2,550-square-foot office building with a 1,050-square-foot heated shop. The office layout includes eight private offices, a reception area, lobby, break room with newer cabinets and granite countertops, restrooms, and storage. Improvements include LVP flooring, three HVAC units, Hardy Board siding, office furniture, VOIP phones with 11 stations, computers, copier/scanner, kitchen equipment, and an interior and exterior camera system.
The shop has overhead doors with an opener, an air compressor, full utilities, and three 200 amp breaker panels. It is enclosed by fencing and accessed through a rolling gate, with two additional storage buildings inside the secured area. The property also offers 40,000 square feet of paving and a pole sign at 3203 N Rangeline Road in Joplin, near major retailers and restaurants.
The shop has overhead doors with an opener, an air compressor, full utilities, and three 200 amp breaker panels. It is enclosed by fencing and accessed through a rolling gate, with two additional storage buildings inside the secured area. The property also offers 40,000 square feet of paving and a pole sign at 3203 N Rangeline Road in Joplin, near major retailers and restaurants.
Key Highlights
- 2,550‑square‑foot remodeled main office building with 8 private offices
- 1,050‑square‑foot heated shop with overhead doors and opener
- 40,000 square feet of paving
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
$47,434
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
3.39%
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%
$948,680
$948.7K
Cap Rate 7%
$677,629
$677.6K
Cap Rate 9%
$527,044
$527.0K
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
$79.1K $21.96/SF
− Vacancy
−$15.8K −$4.39/SF
EGI
$63.2K $17.57/SF
− OpEx
−$15.8K −$4.39/SF
NOI
$47.4K $13.18/SF
Area
Jasper County, MO
Vacancy
20.00%
Lease Rate
$21.96 /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%
$948,680
Cap Rate 7%
$677,629
Cap Rate 9%
$527,044
Alternative Uses
Best Use
Office B
$677.6K
$592.9K – $790.6K
NOI $47,434 @ 7.0% cap · market cap 3.39%
Second Best
Industrial
$208.4K
$182.4K – $243.2K
NOI $14,591 @ 7.0% cap · market cap 1.04%
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office 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?
Flex space - Remodeled office and shop improvements include furnishings, secured access, HVAC, utilities, and an enclosed yard.
Where is this flex space located?
The property is located at 3203 N Rangeline Road Joplin, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2,550‑square‑foot remodeled main office building with 8 private offices; 1,050‑square‑foot heated shop with overhead doors and opener; 40,000 square feet of paving
