Auto Shop with Office
For Sale
$457,500
3635 E 20th Street, Joplin, MO 64801
COMMERCIAL - Joplin, MO
Property Size3,200 SF
Lot Size1.03 Acres
Price / SF$142.97
Days on Market99
Property Features for 3635 E 20th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Directions
20th and Rangeline east to address, Corner of 20th and Katherine.
Subdivision
04 - Joplin City - SE
Standard status
Active
APN
200300740003002001
Size
3,200 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Annual Amount
3093
Utilities
Heating system
Ceiling, Electric (Heating), Natural Gas
Cooling system
Wall Unit(s)
Amenities
roll up door
drive under
Building Details
Year built
2022
Flooring type
Concrete
Roof type
Metal
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Cheryl Efird · License #1999126228
(417) 438-8648
Added: May 5
Changed: Aug 4
Last Checked: Aug 11 at 4:06AM
MLS# 262428
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.
Built in 2022, this 3,200-square-foot auto shop sits on 1.03 acres and is configured for repair and construction-related operations. The work area features steel liner panels, a compressor, work benches, concrete flooring, and a drive-under area that can provide additional workspace. A client entry, front office, private office, and two bathrooms support daily operations. The storage area includes a roll-up door for exterior access as well as a connection to the shop.
The building has a metal roof, ceiling and electric heating, natural gas heating, and wall-unit cooling. Utilities were new when the building was constructed. The property is located at 3635 E 20th Street in Joplin, Missouri, with the existing layout centered on automotive service use.
The building has a metal roof, ceiling and electric heating, natural gas heating, and wall-unit cooling. Utilities were new when the building was constructed. The property is located at 3635 E 20th Street in Joplin, Missouri, with the existing layout centered on automotive service use.
Key Highlights
- 3,200‑square‑foot auto shop on 1.03 acres
- Built in 2022 with metal roof and concrete flooring
- Shop includes steel liner panels, compressor, and work benches
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
$30,192
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
6.60%
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%
$603,840
$603.8K
Cap Rate 7%
$431,314
$431.3K
Cap Rate 9%
$335,467
$335.5K
Market Conditions
NOI Build-Up for 3,200 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
$44.9K $14.04/SF
− Vacancy
−$1.8K −$0.56/SF
EGI
$43.1K $13.48/SF
− OpEx
−$12.9K −$4.04/SF
NOI
$30.2K $9.43/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$603,840
Cap Rate 7%
$431,314
Cap Rate 9%
$335,467
Alternative Uses
Best Use
Office B
$602.3K
$527.0K – $702.7K
NOI $42,163 @ 7.0% cap · market cap 9.22%
Second Best
Retail
$431.3K
$377.4K – $503.2K
NOI $30,192 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$965.5K
$844.8K – $1.13M
NOI $67,584 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Well-served
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
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Similar Off Market Nearby
- Bennett's Truck & Trailer - Roadside Assistance — 3805 E 27th St, Joplin, MO 64804
- Fletcher Nissan Service Department — 2327 S Rangeline Rd, Joplin, MO 64804
- Valvoline Instant Oil Change — 2525 S Rangeline Rd, Joplin, MO 64804
- Mobil 1 Lube Express — 2525 S S Rangeline Rd, Joplin, MO 64804
- Caliber Collision — 2702 S Rangeline Rd, Joplin, MO 64804
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair improvements include a client entry, two offices, shop equipment, and roll-up storage access.
Where is this auto shop located?
The property is located at 3635 E 20th Street Joplin, MO.
What is the asking price?
The asking price for this property is $457,500.
What are key features of this property?
This property features: 3,200‑square‑foot auto shop on 1.03 acres; Built in 2022 with metal roof and concrete flooring; Shop includes steel liner panels, compressor, and work benches
