Mixed-Use Building with Upstairs
For Sale
$389,900
512 S Joplin Avenue, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$129.97
Days on Market48
Property Features for 512 S Joplin Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
Downtown Joplin, Joplin St, west side between 5th and 6th St.
Subdivision
01 - Joplin City - NW
Standard status
Active
Size
3,000 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
1768
Utilities
Heating system
Electric (Heating), Central, Forced Air
Cooling system
Central Air
Building Details
Year built
1910
Flooring type
Hardwood, Concrete
Roof type
Built-Up
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY ELEVATE
(417) 623-9900
Listed By:
Jonathan Leach Team · License #2010021598
(417) 850-5010
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 28 at 8:06AM
MLS# 265179
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.
This 3,000-square-foot mixed-use building occupies a 0.05-acre site and dates to 1910. Its main level is configured as an event venue, with office space on the upper floor. Exposed stone walls, original wood flooring, and tin ceilings remain among the interior features. The building also has hardwood and concrete flooring, central air conditioning, and electric forced-air heating.
The property at 512 S Joplin Avenue in Joplin has previously housed the Grand Union Tea Company, Sar-Tol Drug Store, and Whitaker Printing. Its existing event and office configuration brings together two distinct commercial spaces in a single building.
The property at 512 S Joplin Avenue in Joplin has previously housed the Grand Union Tea Company, Sar-Tol Drug Store, and Whitaker Printing. Its existing event and office configuration brings together two distinct commercial spaces in a single building.
Key Highlights
- 3,000 square feet on a 0.05‑acre site
- Main level configured as an event venue, with offices upstairs
- Built in 1910
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
Mixed Use
$384.4K
$336.4K – $448.5K
NOI $26,910 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
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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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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Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-level layout pairs an event venue with office space and retains original interior details.
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 feet on a 0.05‑acre site; Main level configured as an event venue, with offices upstairs; Built in 1910
