Automotive Shop with Work
For Sale
$457,500
3635 E 20th Street, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size3,200 SF
Lot Size1.03 Acres
Price / SF$142.97
Days on Market144
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
Electric (Heating), Ceiling, Natural Gas
Cooling system
Wall Unit(s)
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: Sep 12
Last Checked: Sep 25 at 6:06AM
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.
This 3,200-square-foot automotive facility was built in 2022 and is configured for repair and service operations. The building includes a customer reception area, front office, private office, two bathrooms, and a shop with steel liner panels. A compressor and work benches are in place, while concrete flooring and a metal roof support practical daily use.
The 1.03-acre property also includes storage with a roll-up door, interior access from the shop, and a drive-under area that can provide additional work space. Utilities were new when the building was constructed. Heating includes electric, ceiling, and natural gas systems, with wall-unit cooling.
The 1.03-acre property also includes storage with a roll-up door, interior access from the shop, and a drive-under area that can provide additional work space. Utilities were new when the building was constructed. Heating includes electric, ceiling, and natural gas systems, with wall-unit cooling.
Key Highlights
- 3,200‑square‑foot automotive facility constructed in 2022
- 1.03‑acre property with a drive‑under area for additional work space
- 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
Retail
$431.3K
$377.4K – $503.2K
NOI $30,192 @ 7.0% cap · market cap 6.60%
Second Best
Industrial
$185.3K
$162.1K – $216.2K
NOI $12,970 @ 7.0% cap · market cap 2.83%
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
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
307k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Apparel 23%
Home Improvements & Furnishings 11%
Groceries 8%
Walmart
Superstores
141,630 visits/mo
0.3 miles
Academy Sports + Outdoors
Apparel
70,080 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
32,694 visits/mo
0.4 miles
Aldi
Groceries
23,983 visits/mo
0.4 miles
Buffalo Wild Wings
Dining
13,653 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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- Fletcher Nissan Service Department — 2327 S Rangeline Rd, Joplin, MO 64804
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- Mobil 1 Lube Express — 2525 S S Rangeline Rd, Joplin, MO 64804
Frequently Asked Questions
What type of property is this?
Auto shop - Recently built facility with dedicated offices, service space, storage, and a drive-under area for additional automotive work.
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 automotive facility constructed in 2022; 1.03‑acre property with a drive‑under area for additional work space; Shop includes steel liner panels, compressor, and work benches
