Building Details

Buildings 2

Listing Agency: Keller Williams Realty Elevate

Listed By: Jami Hendren · License #2023011160 Show Phone

Source: Trilakeshomesearch

Added: Oct 23 Changed: Nov 4 Last Checked: Nov 4 at 2:36PM

Report an Issue

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 Keller Williams Realty Elevate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The 10,578-square-foot main building is equipped with heating and air conditioning, three-phase power, and substantial electrical capacity. Interior features include a large office area, three bathrooms, a photo-processing darkroom, dust filtration, and a tornado shelter that also functions as file storage. Loading is served by two overhead doors, measuring 10 feet and 8 feet. An additional building of approximately 3,200 square feet provides separate space for storage or other business needs.

The property includes a vacant approximately 0.25-acre lot across West 20th Street, which may support additional parking. West 20th Street has been widened and improved, with sidewalks along the roadway. The property is near a golf course.

Key Highlights

• 10,578‑square‑foot main building with heating, air conditioning, and three‑phase power
• Approximately 3,200‑square‑foot secondary building
• Loading areas include a 10‑foot overhead door and an 8‑foot door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,779

Cap Rate

9.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$775,580 $775.6K

Cap Rate 7%

$553,986 $554.0K

Cap Rate 9%

$430,878 $430.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,578 SF

Gross rent

$63.5K $6.00/SF

− Vacancy

−$3.8K −$0.36/SF

EGI

$59.7K $5.64/SF

− OpEx

−$20.9K −$1.97/SF

NOI

$38.8K $3.67/SF

Area

Jasper County, MO

Vacancy

6.00%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$775,580

Cap Rate 7%

$553,986

Cap Rate 9%

$430,878

Alternative Uses

Best Use

Warehouse

$743.7K

$650.8K – $867.7K (±1% cap)

NOI $52,060 @ 7.0% cap · market cap 12.25%

Second Best

Industrial

$612.5K

$535.9K – $714.6K (±1% cap)

NOI $42,873 @ 7.0% cap · market cap 10.09%

Theoretical Best

Office A

$3.19M

$2.79M – $3.72M (±1% cap)

NOI $223,407 @ 7.0% cap · market cap 52.57%

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Dental Office Pharmacy

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

85

Businesses Nearby

Balanced

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Flex Space with Secured Yard

1330 S Main Street, Joplin, MO 64801

$310,000

10,748 SF

View details

Flexible Industrial Building

402 E 7th Street, Joplin, MO 64801

$695,000

10,800 SF

View details

Two-Bay Industrial Warehouse

5062 E 27th Street, Joplin, MO 64801

$899,000

10,000 SF

View details

Three-Building Flex Property

531 N Schifferdecker Avenue, Joplin, MO 64801

$920,000

9,568 SF

View details

Two-Building Flex Space

1022/1042 S Main Street, Joplin, MO 64801

$395,000

7,074 SF

View details

Two-Story Flex Building

111 W 20th Street, Joplin, MO 64804

$310,000

7,650 SF

View details

Renovated Flex Space with Loading Docks

231 N Main Street, Joplin, MO 64801

$1,700,000

13,800 SF

View details

Historic Flex Space

215 S Wall Avenue, Joplin, MO 64801

$695,000

5,700 SF

View details

Flex Building with Overhead Doors

722 W 7th St, Joplin, MO 64801

$370,000

3,954 SF

View details

Flex Space with Showroom and Warehouse

120 N. Range Line, Joplin, MO 64801

Contact for pricing

12,032 SF

View details

Warehouse with Highway Frontage

1155 Outer Road, Joplin, MO 64804

$329,900

3,200 SF

View details

Mixed-Use Office and Warehouse

902 E 4th Street, Joplin, MO 64801

$650,000

42,907 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Two buildings and a separate lot provide room for operations, storage, and potential additional parking.

Where is this flex space located?

The property is located at 3236 W 20th St Joplin, MO.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 10,578‑square‑foot main building with heating, air conditioning, and three‑phase power; Approximately 3,200‑square‑foot secondary building; Loading areas include a 10‑foot overhead door and an 8‑foot door