Renovated Office
For Sale
$159,900
426 N Main Street Road, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size761 SF
Lot Size0.20 Acres
Price / SF$210.12
Days on Market61
Property Features for 426 N Main Street Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
20th and Main, north to sign.
Subdivision
01 - Joplin City - NW
Standard status
Active
Size
761 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
366
Amenities
side patio
Building Details
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Realty One Group Ovation
(417) 553-1818
Listed By:
Ashley Wakefield · License #2021050166
(417) 850-6020
Added: Jul 24
Changed: Sep 6
Last Checked: Sep 22 at 6:06AM
MLS# 264115
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.
Located at 426 N Main Street Road in Joplin, this 761-square-foot office unit provides a bright, open layout suited to professional or creative use. The property has been extensively renovated with new electrical, water and sewer lines, roof, windows, vinyl flooring, and updated interior finishes. The building has a shingle roof and contemporary exterior improvements.
Dedicated off-street parking is supplemented by additional concrete parking space. A side patio expands the usable exterior area, while app-controlled soffit lighting adds automated exterior illumination. The property is positioned near Joplin’s downtown district, restaurants, shopping, and local businesses.
Dedicated off-street parking is supplemented by additional concrete parking space. A side patio expands the usable exterior area, while app-controlled soffit lighting adds automated exterior illumination. The property is positioned near Joplin’s downtown district, restaurants, shopping, and local businesses.
Key Highlights
- 761 square feet of renovated commercial space
- New electrical, water and sewer lines, roof, windows, and interior finishes
- Bright, open floor plan with vinyl flooring
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
$10,027
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
6.27%
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%
$200,540
$200.5K
Cap Rate 7%
$143,243
$143.2K
Cap Rate 9%
$111,411
$111.4K
Market Conditions
NOI Build-Up for 761 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
$16.7K $21.96/SF
− Vacancy
−$3.3K −$4.39/SF
EGI
$13.4K $17.57/SF
− OpEx
−$3.3K −$4.39/SF
NOI
$10.0K $13.18/SF
Area
Jasper County, MO
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$200,540
Cap Rate 7%
$143,243
Cap Rate 9%
$111,411
Alternative Uses
Best Use
Office B
$143.2K
$125.3K – $167.1K
NOI $10,027 @ 7.0% cap · market cap 6.27%
Second Best
Retail
$102.6K
$89.8K – $119.7K
NOI $7,180 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$229.6K
$200.9K – $267.9K
NOI $16,072 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Bright, flexible commercial space with updated building systems, off-street parking, and a side patio near downtown amenities.
Where is this office units located?
The property is located at 426 N Main Street Road Joplin, MO.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 761 square feet of renovated commercial space; New electrical, water and sewer lines, roof, windows, and interior finishes; Bright, open floor plan with vinyl flooring
