Mixed-Use Building with Event
512 S Joplin Avenue, Joplin, MO 64801
For Sale
New
$389,900
A ground-floor venue is paired with upper-level offices in a downtown property built in 1910.
Property Size3,000 SF
Price / SF$129.97
Days on Market3
Property Features for 512 S Joplin Avenue
General Information
Standard status
Size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Amenities
Hardwood,Concrete
Yes
2
No
0.05
3000.0
Building Details
Building Size
Year Built
Buildings
Listing Agency:
KELLER WILLIAMS REALTY ELEVATE
Listed By:
Jonathan Leach Team · License #2010021598
(417) 850-5010
Source:
Pryerrealtygroup
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 8 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY ELEVATE
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Investment Insights
Based on property information with market context.
This 3,000-square-foot mixed-use building dates to 1910 and has a main-level event venue with office space above. Interior details include exposed stone walls, hardwood floors and tin ceilings. The building is located at 512 S Joplin Avenue in downtown Joplin, Missouri.
Key Highlights
- 3,000‑square‑foot building constructed in 1910
- Event venue occupies the main level, with offices upstairs
- Interior features exposed stone, hardwood floors and tin ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,910
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,200
$538.2K
Cap Rate 7%
$384,429
$384.4K
Cap Rate 9%
$299,000
$299.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$46.8K $15.60/SF
− Vacancy
−$3.7K −$1.25/SF
EGI
$43.1K $14.35/SF
− OpEx
−$16.1K −$5.38/SF
NOI
$26.9K $8.97/SF
Area
Jasper County, MO
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,200
Cap Rate 7%
$384,429
Cap Rate 9%
$299,000
Alternative Uses
Best Use
Office B
$564.7K
$494.1K – $658.8K
NOI $39,528 @ 7.0% cap · market cap 10.14%
Second Best
Mixed Use
$384.4K
$336.4K – $448.5K
NOI $26,910 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$905.1K
$792.0K – $1.06M
NOI $63,360 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
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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
$176,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Joplin, MO
Properties on Market for Mixed-use properties in Joplin
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor venue is paired with upper-level offices in a downtown property built in 1910.
Where is this mixed-use property located?
The property is located at 512 S Joplin Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 3,000‑square‑foot building constructed in 1910; Event venue occupies the main level, with offices upstairs; Interior features exposed stone, hardwood floors and tin ceilings
