Flex Building with Overhead
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
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Lot features
Sidewalk(s)
View
City
Directions
from 7th st and Main st in Joplin, go 4 blocks th East to 7th and Kentucky to building on SE corner
Standard status
Active
APN
19-1.0-11-20-9-1.0
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Jop Misc Lots 1 2 & 3 & Lots 23 & 24 & Vac Alley
Tax Annual Amount
3020
Legal Description
Jop Misc Lots 1 2 & 3 & Lots 23 & 24 & Vac Alley
Utilities
Utilities
Water Available
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air
Amenities
sign pole
exterior lighting
Building Details
Year built
1965
Roof type
Flat, Rubber
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
James I. Hunter, IV · License #201110009040
(417) 850-5355
Added: Feb 16
Changed: Sep 17
Last Checked: Oct 4 at 3:06PM
MLS# 60315510
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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 building combines a customer-facing showroom with multiple offices and a substantial work area. Seven overhead doors support vehicle or equipment access, while the prior automotive dealership use demonstrates a history of automotive sales, repair, tire service, and retail operations. The building was constructed in 1965 and has received a new roof, exterior paint, and HVAC unit.
The property occupies 0.5533 acres at 402 E 7th Street in Joplin, Missouri. It fronts a busy thoroughfare with estimated traffic of 5,000-10,000 vehicles per day. An existing sign pole, ample parking, exterior lighting, water availability, natural gas heat, and central air add practical functionality for a range of commercial operations.
The property occupies 0.5533 acres at 402 E 7th Street in Joplin, Missouri. It fronts a busy thoroughfare with estimated traffic of 5,000-10,000 vehicles per day. An existing sign pole, ample parking, exterior lighting, water availability, natural gas heat, and central air add practical functionality for a range of commercial operations.
Key Highlights
- 10,800‑square‑foot flex building on 0.5533 acres
- Seven overhead doors for vehicle or equipment access
- Showroom, multiple offices, and large work area
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial facility with showroom, offices, work area, and updated building systems for flexible business operations.
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 building on 0.5533 acres; Seven overhead doors for vehicle or equipment access; Showroom, multiple offices, and large work area
