Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    5171 N Main Street Joplin, MO 64801

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5 SF/Yr

    Highly visible 5,031 sq ft commercial space for lease.

    Property size:
    5,031 SF
    Lot size:
    2.00 Acres
    Added:
    Oct 27, 2022
    Days on Market:
    1288
    Last Refresh:
    Jan 20 at 10:15 am

    Property Features for 5171 N Main Street

    General Information

    Standard status
    Active
    Size
    5,031 SF
    Lot size
    2.00 Acres

    We can help!

    Listing Contact
    Luke Gibson
    Luke Gibson

    Listing agent Luke Gibson License #2015033987

    Listing office GLENN GIBSON COMMERCIAL REAL ESTATE

    Listing date Oct 27, 2022

    Source Exprealty

    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 GLENN GIBSON COMMERCIAL REAL ESTATE

    Overview

    Versatile Commercial Space on Main

    This highly visible commercial space is located on North Main Street and offers 5,031 square feet of space. The property is currently unfinished, presenting an opportunity to tailor the space. The layout allows for a blend of storefront and storage, making it suitable for retail establishments needing a display area and efficient back-of-house operations. An overhead door at the back streamlines logistical operations for businesses requiring efficient loading and unloading. The property is available for lease on a triple net lease (NNN) basis.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Dental Office Auto Repair Shop Auto Parts Store Food Market Grocery & Convenience Store Bar & Pub Garden Center Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.5151
    Latitude
    37.0315

    Nearby Similar for Lease

    • $400/Mo

      Downtown Joplin Office Space Rental

      Renovated office space with modern amenities in historic downtown Joplin.
      112 S Main Street, Joplin, MO 64801
      View Details
    • $2,275/Mo

      Class A Office Space Available

      Premier office space in Joplin's professional corridor for rent.
      3115 Arizona Avenue, Joplin, MO 64804
      View Details
    • $6 SF/Yr

      Versatile Commercial Property Near I-44

      7,318 SF commercial property near Joplin medical corridor.
      5734 S Main Street, Joplin, MO 64801
      View Details
    • $1,800/Mo

      Joplin Commercial Property For Rent

      Highly visible commercial property with flexible layout in Joplin, Missouri.
      2001 S Empire Avenue, Joplin, MO 64804
      View Details
    • $2,500/Mo

      Downtown Joplin Commercial Space Available

      Retail or office space in historic downtown Joplin building.
      526 S Virginia Avenue, Joplin, MO 64801
      View Details
    • $12 SF/Yr

      Joplin Office Space Available

      Second floor office space with elevator and ample parking.
      2613 S Main Street unit: B1&B2, Joplin, MO 64804
      View Details
    • $1,600/Mo

      Functional Warehouse Space in Joplin

      3200 sqft warehouse ideal for auto or equipment businesses.
      663 S Eagle Crest Lane, Joplin, MO 64801
      View Details
    • $7 SF/Yr

      Downtown Joplin Landmark with Showroom

      Reimagined mixed-use property with showroom-scale garage and private sport court.
      102 S Wall Avenue, Joplin, MO 64801
      View Details
    • $1,667/Mo

      Downtown Joplin Commercial Space Available

      Prime commercial space in high-traffic downtown Joplin location.
      906 S Main Street, Joplin, MO 64801
      View Details
    • $1,100/Mo

      Downtown Joplin Office Space Rental

      Newly renovated office space with modern amenities in downtown Joplin.
      112 S Main Street unit: 3,4,5, Joplin, MO 64801
      View Details
    • $1,500/Mo

      Joplin Office/Retail Space For Rent

      1,100 sqft office/retail space in high-traffic Joplin area.
      1818 E 4th Street, Unit 1, Joplin, MO 64801
      View Details
    • $1,900/Mo

      Joplin Retail or Office Space

      Over 3,000 sqft for lease in the heart of Joplin.
      409 S Main Street, Joplin, MO 64801
      View Details

    FAQs

    What type of property is this?
    Retail space - Highly visible 5,031 sq ft commercial space for lease.
    Where is this retail space located?
    The property is located at 5171 N Main Street Joplin, MO.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: Highly visible location on North Main Street.; Large, versatile space with **5,031 sq ft**.; Opportunity to customize the unfinished space to specific business needs.
    (417) 359-6868
    We can help!
    Listing Contact
    Luke Gibson
    Luke Gibson
    Real Estate License ID: 2015033987
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5171 N Main Street, Joplin, MO, 64801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!