Flexible Industrial
For Sale
$695,000
402 E 7th Street, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size10,800 SF
Lot Size0.55 Acres
Price / SF$64.35
Days on Market230
Property Features for 402 E 7th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M2
Directions
from 7th st and Main st ib Joplin, go 4 blocks th East to 7th and Kentucky to building on SE corner
Subdivision
03 - Joplin City - SW
Standard status
Active
APN
19101120047005000
Size
10,800 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Description
CONKLIN'S 1ST LOTS 43 TO 46 INC
Tax Annual Amount
3020
Legal Description
CONKLIN'S 1ST LOTS 43 TO 46 INC
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Amenities
showroom
multiple offices
large work area
seven overhead doors
ample parking
exterior lighting
sign pole
Building Details
Flooring type
Ceramic, Concrete, Carpet
Roof type
Rolled Hot Mop
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Jim Alyssa Hunter Team · License #2010009040
(417) 850-5355
Added: Feb 16
Changed: Sep 12
Last Checked: Oct 4 at 1:06PM
MLS# 260814
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 10,800-square-foot flex property on 0.55 acres combines a customer-facing showroom with multiple offices and a substantial work area. Seven overhead doors support vehicle or equipment movement, while ceramic, concrete, and carpet flooring accommodate varied commercial functions. The building has central air, natural gas and central heating, and a rolled hot mop roof. Recent improvements include a new roof, exterior paint, and HVAC unit.
Located at 402 E 7th Street in Joplin, the property fronts a busy thoroughfare with estimated traffic of 5,000-10,000 vehicles per day. On-site features include an existing sign pole, parking, and exterior lighting. Its prior use as an auto dealership and history of supporting automotive sales, repair, tire service, and retail operations provide a documented range of commercial applications.
Located at 402 E 7th Street in Joplin, the property fronts a busy thoroughfare with estimated traffic of 5,000-10,000 vehicles per day. On-site features include an existing sign pole, parking, and exterior lighting. Its prior use as an auto dealership and history of supporting automotive sales, repair, tire service, and retail operations provide a documented range of commercial applications.
Key Highlights
- 10,800‑square‑foot building on 0.55 acres
- M2 zoning supports an industrial‑oriented commercial setting
- Seven overhead doors provide vehicle and equipment access
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
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Open Analytics
Current Use
Lease Details
7
Drive-in doors
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
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Frequently Asked Questions
What type of property is this?
Flex space - M2-zoned property with showroom, office, work areas, and overhead vehicle access.
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 building on 0.55 acres; M2 zoning supports an industrial‑oriented commercial setting; Seven overhead doors provide vehicle and equipment access
