43-Seat Restaurant
For Sale
Contact for pricing
407 S Main Street, Joplin, MO 64801
The interior provides a dedicated setting for food service and customer seating.
Property Size2,700 SF
Price / SF$1.07
Days on Market145
Property Features for 407 S Main Street
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Commercial
Additional Details
Seating Capacity
43
Building Details
Year Built
1920
Listing Agency:
Keller Williams Realty Elevate
(417) 623-9900
Listed By:
Amy Hunt Realty · License #2017015942
(417) 499-8699
Source:
Onefiverealestate
Added: Jun 12
Changed: Nov 1
Last Checked: Nov 3 at 8:36AM
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 Keller Williams Realty Elevate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant space contains approximately 2,700 square feet and accommodates up to 43 guests. The building dates to 1920, and utility costs are the tenant’s responsibility.
The property is located at 407 S Main Street in Joplin, Missouri.
The property is located at 407 S Main Street in Joplin, Missouri.
Key Highlights
- Seating capacity for up to 43 guests
- Approximately 2,700 square feet
- Building constructed in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,294
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,880
$545.9K
Cap Rate 7%
$389,914
$389.9K
Cap Rate 9%
$303,267
$303.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$37.9K $14.04/SF
− Vacancy
−$1.5K −$0.56/SF
EGI
$36.4K $13.48/SF
− OpEx
−$9.1K −$3.37/SF
NOI
$27.3K $10.11/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,880
Cap Rate 7%
$389,914
Cap Rate 9%
$303,267
Alternative Uses
Best Use
Specialty Retail
$389.9K
$341.2K – $454.9K
NOI $27,294 @ 7.0% cap · market cap 941.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 1,966.34%
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
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Home Improvements & Furnishings 9%
Joplin #7
Shops & Services
12,184 visits/mo
0.5 miles
Arvest Bank
Shops & Services
4,446 visits/mo
0.3 miles
Dollar General
Shops & Services
3,776 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
2,018 visits/mo
0.2 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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The interior provides a dedicated setting for food service and customer seating.
Where is this conventional restaurant located?
The property is located at 407 S Main Street Joplin, MO.
What are key features of this property?
This property features: Seating capacity for up to 43 guests; Approximately 2,700 square feet; Building constructed in 1920
