Retail and Service Marine
For Sale
$995,000
4961 Highway 43, Joplin, MO 64804
SINGLE_FAMILY - Joplin, MO
Property Size6,150 SF
Lot Size3.30 Acres
Price / SF$161.79
Days on Market446
Property Features for 4961 Highway 43
General Information
Property type
Residential
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Fencing
Barbed Wire
Directions
From I-44/Hwy 43 exit, go south on 43 about 1 mile, business on east side of road.
Standard status
Active
APN
08-20-04-000-000-016.000
Lot size
3.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3614
Utilities
Utilities
Electricity Available
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1990
Roof type
Metal
Listing Agency:
ReeceNichols - Neosho
(417) 451-4155
Listed By:
West-Cobb Alliance · License #1999108232
(417) 231-3229
Added: May 29, 2025
Changed: Jul 2
Last Checked: Aug 17 at 7:06AM
MLS# 60295765
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.
Joplin Marine Center is a longtime retail and service property established for over 50 years, operating from a 6,150 sq. ft. facility configured for marine-related services. The site is 3.3 acres and is fully fenced, providing controlled outdoor space alongside the building.
The property is located just south of the Petro truck stop and less than one mile from the I-44 & Hwy 43 exit, placing it in an area designed for convenient access by vehicles traveling through the corridor.
For buyers, operators, or investors seeking a commercial base with both indoor retail/service space and fenced yard area, this configuration can support marine operations or be adapted to other commercial uses. The offering is also presented as flexible, with the 3.3-acre site offering options for continued operation or repurposing outside the Joplin city limits.
The property is located just south of the Petro truck stop and less than one mile from the I-44 & Hwy 43 exit, placing it in an area designed for convenient access by vehicles traveling through the corridor.
For buyers, operators, or investors seeking a commercial base with both indoor retail/service space and fenced yard area, this configuration can support marine operations or be adapted to other commercial uses. The offering is also presented as flexible, with the 3.3-acre site offering options for continued operation or repurposing outside the Joplin city limits.
Key Highlights
- Established for over 50 years: Joplin Marine Center commercial operation
- 3.3 fully fenced acres with barbed wire fencing
- 6,150 sq. ft. retail and service facility suited for marine operations or other commercial uses
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
$58,025
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
5.83%
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%
$1,160,500
$1.2M
Cap Rate 7%
$828,929
$828.9K
Cap Rate 9%
$644,722
$644.7K
Market Conditions
NOI Build-Up for 6,150 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
$86.3K $14.04/SF
− Vacancy
−$3.5K −$0.56/SF
EGI
$82.9K $13.48/SF
− OpEx
−$24.9K −$4.04/SF
NOI
$58.0K $9.43/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,160,500
Cap Rate 7%
$828,929
Cap Rate 9%
$644,722
Alternative Uses
Best Use
Retail
$828.9K
$725.3K – $967.1K
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
NOI $129,888 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 64804, MO
38,078
Population
16,844
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
91.4 sq mi
ZIP Area
417
Density / Sq Mi
$62,081
Median Household Income
$34,780
Median Earnings
$886
Median Rent
$171,500
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - Freestanding retail and service facility on fully fenced acreage, suited for marine operations or other commercial uses.
Where is this retail space 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 for over 50 years: Joplin Marine Center commercial operation; 3.3 fully fenced acres with barbed wire fencing; 6,150 sq. ft. retail and service facility suited for marine operations or other commercial uses
