Building Details

Flooring type Vinyl

Roof type Shingle

Listing Agency: Realty One Group Ovation Show Phone

Listed By: Ashley Wakefield · License #2021050166 Show Phone

Added: Jul 24 Changed: Oct 8 Last Checked: Nov 6 at 6:06AM

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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.

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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.

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 / Yr

$10,027

Cap Rate

6.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$200,540 $200.5K

Cap Rate 7%

$143,243 $143.2K

Cap Rate 9%

$111,411 $111.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 761 SF

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 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 (±1% cap)

NOI $10,027 @ 7.0% cap · market cap 6.27%

Second Best

Retail

$102.6K

$89.8K – $119.7K (±1% cap)

NOI $7,180 @ 7.0% cap · market cap 4.49%

Theoretical Best

Office A

$229.6K

$200.9K – $267.9K (±1% cap)

NOI $16,072 @ 7.0% cap · market cap 10.05%

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

Office Units

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Pharmacy Grocery & Convenience Store (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Bright, flexible commercial space with updated building systems, off-street parking, and a side patio near downtown amenities.

Where is this office unit 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