Warehouse with Divided
New
For Sale
$899,000
5062 E 27th Street, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size10,000 SF
Lot Size1.70 Acres
Price / SF$89.90
Days on Market2
Property Features for 5062 E 27th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Rangeline and 20th Street: head East on 20th Street for 2.3 miles, turn right (South) on South Kenser for .5 miles, turn right (West) on 27th Street, property in on your left (South).
Subdivision
38 - Duquesne Area
Standard status
Active
Size
10,000 SF
Lot size
1.70 Acres
Taxes and HOA fees
Tax Annual Amount
1964
Building Details
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Heartland Land Company, LLC
(913) 210-0679
Listed By:
Matt McClintick · License #2019012656
(785) 550-1917
Added: Oct 3
Last Checked: Oct 4 at 1:06PM
MLS# 265620
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.
The 10,000-square-foot warehouse occupies a 1.7-acre parcel and is arranged as two spaces of approximately 5,000 square feet each. An interior overhead door links the areas. Each side has a 16' x 12' overhead door and a restroom; one also contains a climate-controlled office. The building has 14-foot sidewalls, concrete flooring, and a metal roof. The original section has been remodeled in recent years and is heated, while the newer addition has heating and cooling.
The property is in the Joplin/Duquesne area near interstate access. Its divided layout and large overhead doors support warehouse, distribution, contractor, storage, or light-industrial operations.
The property is in the Joplin/Duquesne area near interstate access. Its divided layout and large overhead doors support warehouse, distribution, contractor, storage, or light-industrial operations.
Key Highlights
- 10,000‑square‑foot warehouse on 1.7 acres
- Two approximately 5,000‑square‑foot spaces connected by an interior overhead door
- Each side has a 16' x 12' overhead door and a restroom
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
$49,215
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
5.47%
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%
$984,300
$984.3K
Cap Rate 7%
$703,071
$703.1K
Cap Rate 9%
$546,833
$546.8K
Market Conditions
NOI Build-Up for 10,000 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
$60.0K $6.00/SF
− Vacancy
−$2.1K −$0.21/SF
EGI
$57.9K $5.79/SF
− OpEx
−$8.7K −$0.87/SF
NOI
$49.2K $4.92/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$984,300
Cap Rate 7%
$703,071
Cap Rate 9%
$546,833
Alternative Uses
Best Use
Warehouse
$703.1K
$615.2K – $820.3K
NOI $49,215 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,200 @ 7.0% cap · market cap 23.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in Midwest region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Two distinct work areas connect internally, with a climate-controlled office on one side and a restroom in each.
Where is this warehouse located?
The property is located at 5062 E 27th Street Joplin, MO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 10,000‑square‑foot warehouse on 1.7 acres; Two approximately 5,000‑square‑foot spaces connected by an interior overhead door; Each side has a 16' x 12' overhead door and a restroom
