Flex and Office
For Sale
Contact for pricing
531 N SCHIFFERDECKER AVE, Joplin, MO 64801
Three-building setup with secure access, on-site parking, and flexible office, showroom, and warehouse space.
Property Size9,568 SF
Lot Size9.33 Acres
Price / SF$96.15
Days on Market113
Property Features for 531 N SCHIFFERDECKER AVE
General Information
Standard status
Active
Size
9,568 SF
Class
B
Lot size
9.33 Acres
Property subtype
Mixed Use, Retail, Office
Zoning
M2-PD
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$70,842
Additional Details
Highway Access
Yes
Building Details
Year Built
1990
Year Renovated
2021
Buildings
3
Units
3
Tenancy
Multi
Listing Agency:
Glenn Gibson Commercial Real Estate
Listed By:
Luke Gibson · License #MO 2006022522
(417) 359-6868
Source:
Crexi
Added: Jun 5
Changed: Sep 23
Last Checked: Sep 24 at 10:08AM
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
Investment Insights
Based on property information with market context.
This three-building commercial property is designed for a mix of office, showroom, warehouse, and flex-space users. The North Building is leased on a month-to-month basis and includes professional office space with a lake view, offering two 900-square-foot suites that can be combined into a 1,800-square-foot configuration. The Middle Building provides highly functional office space with two units totaling 3,600 square feet and 1,000 square feet, which can also be combined for larger requirements. It includes private offices, multiple restrooms, a kitchen area, and a dedicated server room with its own HVAC system.
The property is secured by an electric access gate and offers ample on-site parking. The South Building is vacant and available, with a flexible combination of office and showroom space totaling approximately 2,240 square feet, along with an additional 928-square-foot shop area. A large 122' x 36' concrete slab supports storage, equipment staging, or outdoor operational needs. Access is convenient to I-49/249 via Zora St (less than 10 minutes) and to I-44 (less than 15 minutes).
With multiple space types across three buildings, the property can suit owner-users needing both administrative and operational areas, or businesses looking for expansion flexibility within a secured, parking-supported setting. The flexible South Building layout also supports a range of office, showroom, and shop uses, while the concrete slab adds practical space for day-to-day operations.
The property is secured by an electric access gate and offers ample on-site parking. The South Building is vacant and available, with a flexible combination of office and showroom space totaling approximately 2,240 square feet, along with an additional 928-square-foot shop area. A large 122' x 36' concrete slab supports storage, equipment staging, or outdoor operational needs. Access is convenient to I-49/249 via Zora St (less than 10 minutes) and to I-44 (less than 15 minutes).
With multiple space types across three buildings, the property can suit owner-users needing both administrative and operational areas, or businesses looking for expansion flexibility within a secured, parking-supported setting. The flexible South Building layout also supports a range of office, showroom, and shop uses, while the concrete slab adds practical space for day-to-day operations.
Key Highlights
- Three‑building commercial property built in 1990 with secure electric access gate and ample on‑site parking
- North Building includes two 900 SF suites that can combine into 1,800 SF; professional office with lake view (month‑to‑month lease)
- Middle Building offers two units totaling 3,600 SF and 1,000 SF (combined possible) with private offices, multiple restrooms, kitchen area, and dedicated server room with its own HVAC (3‑year lease)
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
$47,089
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
5.12%
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%
$941,780
$941.8K
Cap Rate 7%
$672,700
$672.7K
Cap Rate 9%
$523,211
$523.2K
Market Conditions
NOI Build-Up for 9,568 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
$57.4K $6.00/SF
− Vacancy
−$2.0K −$0.21/SF
EGI
$55.4K $5.79/SF
− OpEx
−$8.3K −$0.87/SF
NOI
$47.1K $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%
$941,780
Cap Rate 7%
$672,700
Cap Rate 9%
$523,211
Alternative Uses
Best Use
Office B
$1.80M
$1.58M – $2.10M
NOI $126,068 @ 7.0% cap · market cap 13.70%
Second Best
Warehouse
$672.7K
$588.6K – $784.8K
NOI $47,089 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,076 @ 7.0% cap · market cap 21.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Three-building setup with secure access, on-site parking, and flexible office, showroom, and warehouse space.
Where is this flex space located?
The property is located at 531 N SCHIFFERDECKER AVE Joplin, MO.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Three‑building commercial property built in 1990 with secure electric access gate and ample on‑site parking; North Building includes two 900 SF suites that can combine into 1,800 SF; professional office with lake view (month‑to‑month lease); Middle Building offers two units totaling 3,600 SF and 1,000 SF (combined possible) with private offices, multiple restrooms, kitchen area, and dedicated server room with its own HVAC (3‑year lease)
