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    Profitable Commercial Investment Opportunity Title is generated by Realmo AI

    4961 Highway 43, Joplin, MO 64804

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    Claim this Listing
    For Sale
    $995,000

    COMMERCIAL - Joplin, MO

    Type:Retail
    Property size:
    6,150 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $161/SF
    Added:
    May 29, 2025
    Days on Market:
    354
    Last Refresh:
    May 17 at 1:06 am

    Property Features for 4961 Highway 43

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Fencing
    Chain Link, Barbed Wire
    Standard status
    Active
    Size
    6,150 SF
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3614

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Flooring type
    Concrete, Carpet, Vinyl
    Roof type
    Metal

    We can help!

    Listing Contact
    West-Cobb Alliance
    West-Cobb Alliance

    Listing agent West-Cobb Alliance License #1999108232

    Listing office ReeceNichols - Neosho 1010 W HARMONY, NEOSHO, MO

    Listing date May 29, 2025

    MLS# 252944

    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.

    HighLights

    • Established, Profitable Business: Over 50 years of successful operation with a strong track record.
    • Prime High‑Traffic Location: Situated on 3.3 acres near I‑44 & Hwy 43, ensuring exceptional visibility and accessibility.
    • Strong Investment Potential: High Cap Rate based on current financials, offering immediate income and long‑term appreciation.
    • Versatile 6,150 Sq. Ft. Facility: Adaptable retail and service building suitable for marine operations or other commercial uses.
    • Significant Redevelopment Potential: Opportunity to redevelop or repurpose the property for alternative business models.
    • Fully Fenced Acreage: 3.3 acres fully fenced with barbed wire and chain link for security and operational flexibility.

    Overview

    This commercial property, home to the established Joplin Marine Center for over 50 years, presents a prime investment opportunity. Situated on 3.3 fully fenced acres, the high-visibility location is just south of the Petro truck stop and less than one mile from the I-44 & Hwy 43 exit, positioning it in a high-traffic commercial corridor with exceptional accessibility. The property features a 6,150 sq. ft. retail and service facility, ideally suited for marine operations or adaptable for a variety of commercial uses. The location offers significant redevelopment or repurposing potential outside the Joplin city limits. The property is located at 4961 Highway 43, Joplin, MO 64804.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $644.7K
    NOI $58,025 @ 9.00% cap · cautious / downside scenario
    Moderate
    $828.9K
    NOI $58,025 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.16M
    NOI $58,025 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $86.3k $14.04
    − Vacancy −$3.5k −$0.56
    EGI $82.9k $13.48
    − OpEx −$24.9k −$4.04
    NOI $58.0k $9.43
    6,150 SF · lease $14.04/SF/yr · vacancy 4.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $828.9K
    $725.3K – $967.1K (±1% cap)
    NOI $58,025 @ 7.0% cap · market cap 5.83%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.86M
    $1.62M – $2.16M (±1% cap)
    NOI $129,888 @ 7.0% cap · market cap 13.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Pharmacy Auto Parts Store Department Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.551274
    Latitude
    36.998073

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    FAQs

    What type of property is this?
    Retail property - Established business on 3.3 acres near I-44 & Hwy 43.
    Where is this retail property located?
    The property is located at 4961 Highway 43 Joplin, MO.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Established, Profitable Business: Over 50 years of successful operation with a strong track record.; Prime High‑Traffic Location: Situated on 3.3 acres near I‑44 & Hwy 43, ensuring exceptional visibility and accessibility.; Strong Investment Potential: High Cap Rate based on current financials, offering immediate income and long‑term appreciation.
    (417) 592-3245
    We can help!
    Listing Contact
    West-Cobb Alliance
    West-Cobb Alliance
    Real Estate License ID: 1999108232
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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