Automotive Service Showroom
For Sale
$695,000
402 7th Street, Joplin, MO 64801
Versatile 10,800 SF building with showroom, offices, large work area, and seven overhead doors for vehicle access.
Property Size10,800 SF
Price / SF$64.35
Days on Market196
Property Features for 402 7th Street
General Information
Standard status
Active
Size
10,800 SF
Property subtype
General Commercial
Site & Location
Traffic Count
10,000 vehicles/day
Road Access
Yes
Additional Details
Drive-In Doors
7
Taxes and HOA fees
Annual Taxes
$3,020
Amenities
existing sign pole
exterior lighting
3
Concrete, Carpet
Rolled
.5533
Listing Agency:
PRO 100 Inc., REALTORS
(417) 850-5355
Listed By:
James Hunter, IV · License #2010009040
(417) 850-5355
Source:
Xome
Added: Jan 27
Changed: Aug 10
Last Checked: Aug 10 at 3:11AM
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 PRO 100 Inc., REALTORS
Investment Insights
Based on property information with market context.
This versatile 10,800-square-foot commercial building offers a flexible layout with a spacious showroom, multiple offices, and a large work area suited to a range of automotive and service-oriented operations. Seven overhead doors provide convenient vehicle or equipment access. The property also includes an existing sign pole, ample parking, and exterior lighting.
Located in central Joplin, along a busy thoroughfare with an estimated 5,000–10,000 vehicles per day, the building benefits from strong visibility and practical customer access. The facility is positioned to support both storefront activity and service operations.
Recent updates include a new roof, new exterior paint, and a new HVAC unit, reflecting consistent maintenance and pride of ownership. The building’s existing configuration and ready-to-operate site features make it well suited for automotive sales, auto repair, tire service, retail operations, showroom use, warehouse needs, or similar commercial applications.
Located in central Joplin, along a busy thoroughfare with an estimated 5,000–10,000 vehicles per day, the building benefits from strong visibility and practical customer access. The facility is positioned to support both storefront activity and service operations.
Recent updates include a new roof, new exterior paint, and a new HVAC unit, reflecting consistent maintenance and pride of ownership. The building’s existing configuration and ready-to-operate site features make it well suited for automotive sales, auto repair, tire service, retail operations, showroom use, warehouse needs, or similar commercial applications.
Key Highlights
- 10,800‑square‑foot commercial building formerly used as an auto dealership, with space for showroom, offices, and a large work area
- Seven overhead doors provide vehicle or equipment access to the main work area
- Recent updates include a new roof, new exterior paint, and a new HVAC unit
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
$53,152
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
7.65%
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%
$1,063,040
$1.1M
Cap Rate 7%
$759,314
$759.3K
Cap Rate 9%
$590,578
$590.6K
Market Conditions
NOI Build-Up for 10,800 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
$64.8K $6.00/SF
− Vacancy
−$2.3K −$0.21/SF
EGI
$62.5K $5.79/SF
− OpEx
−$9.4K −$0.87/SF
NOI
$53.2K $4.92/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,063,040
Cap Rate 7%
$759,314
Cap Rate 9%
$590,578
Alternative Uses
Best Use
Retail
$1.46M
$1.27M – $1.70M
NOI $101,897 @ 7.0% cap · market cap 14.66%
Second Best
Warehouse
$759.3K
$664.4K – $885.9K
NOI $53,152 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $228,096 @ 7.0% cap · market cap 32.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Drive-in doors
10,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
539
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 Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Allied Oil & Supply, Inc. — 1301 Virginia Ave, Joplin, MO 64801
- H&H Performance and Repair — 1409 S Illinois Ave, Joplin, MO 64801
- Comer's Muffler Center — 901 E 15th St, Joplin, MO 64804
- Chris Coats Towing — 1230 S Joplin Ave, Joplin, MO 64801
- Lewis Auto Painting — 1048 S Wall Ave, Joplin, MO 64801
Frequently Asked Questions
What type of property is this?
Auto shop - Versatile 10,800 SF building with showroom, offices, large work area, and seven overhead doors for vehicle access.
Where is this auto shop located?
The property is located at 402 7th Street Joplin, MO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 10,800‑square‑foot commercial building formerly used as an auto dealership, with space for showroom, offices, and a large work area; Seven overhead doors provide vehicle or equipment access to the main work area; Recent updates include a new roof, new exterior paint, and a new HVAC unit
