Flex Space with
For Sale
$695,000
402 E 7th Street, Joplin, MO 64801
Seven overhead doors provide vehicle or equipment access alongside dedicated office and work areas.
Property Size10,800 SF
Price / SF$64.35
Days on Market264
Property Features for 402 E 7th Street
General Information
Standard status
Active
Size
10,800 SF
Property subtype
Commercial
Site & Location
Traffic Count
10,000 vehicles/day
Road Access
Yes
Additional Details
Drive-In Doors
7
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$3,020
Amenities
showroom
offices
work area
overhead doors
sign pole
parking
exterior lighting
Building Details
Building Size
10,800 SF
Year Built
1965
Buildings
1
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
James I. Hunter, IV · License #201110009040
(417) 850-5355
Source:
Jimhutchesonrealtors
Added: Feb 16
Changed: Oct 30
Last Checked: Nov 4 at 8:03AM
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
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Investment Insights
Based on property information with market context.
This 10,800-square-foot flex property combines a showroom, several offices, and a substantial work area. Seven overhead doors provide access for vehicles or equipment. The building has a new roof, exterior paint, and HVAC unit, as well as an existing sign pole, parking, and exterior lighting. Its prior commercial activity included automotive sales, repair, tire service, and retail operations.
At 402 E 7th Street in Joplin, the property fronts a busy thoroughfare with estimated daily traffic of 5,000–10,000 vehicles. The building was constructed in 1965.
At 402 E 7th Street in Joplin, the property fronts a busy thoroughfare with estimated daily traffic of 5,000–10,000 vehicles. The building was constructed in 1965.
Key Highlights
- 10,800‑square‑foot flex property with showroom, offices, and work area
- Seven overhead doors
- New roof, exterior paint, and HVAC unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,772
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,440
$875.4K
Cap Rate 7%
$625,314
$625.3K
Cap Rate 9%
$486,356
$486.4K
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$64.8K $6.00/SF
− Vacancy
−$2.3K −$0.21/SF
EGI
$62.5K $5.79/SF
− OpEx
−$18.8K −$1.74/SF
NOI
$43.8K $4.05/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,440
Cap Rate 7%
$625,314
Cap Rate 9%
$486,356
Alternative Uses
Best Use
Retail
$1.46M
$1.27M – $1.70M
NOI $101,897 @ 7.0% cap · market cap 14.66%
Second Best
Industrial
$625.3K
$547.2K – $729.5K
NOI $43,772 @ 7.0% cap · market cap 6.30%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
7
Drive-in doors
10,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,547
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Seven overhead doors provide vehicle or equipment access alongside dedicated office and work areas.
Where is this flex space located?
The property is located at 402 E 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 flex property with showroom, offices, and work area; Seven overhead doors; New roof, exterior paint, and HVAC unit
