Joplin Self-Storage Investment
For Sale
Contact for pricing
Pending
615 N Main St Rd, Joplin, MO 64801
Self-storage facility with high occupancy and revenue growth potential.
Property Size7,410 SF
Days on Market190
Property Features for 615 N Main St Rd
General Information
Standard status
Pending
Size
7,410 SF
Property subtype
Self Storage
Listing Agency:
NAI Martens
Listed By:
Drew Gannon · License #KS 00242621
Source:
Crexi
Added: Jan 21
Changed: Jul 10
Last Checked: Jul 25 at 6:36AM
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 NAI Martens
Investment Insights
Based on property information with market context.
This self-storage facility presents an opportunity for revenue growth through rent optimization, as many current tenants are below street rates. Additional income potential exists through tenant insurance and ancillary services. The property is a turnkey operation, featuring an existing on-site manager willing to remain. It has a proven history of high occupancy, with approximately 97% of units and square footage currently occupied, and only one unit available. The facility benefits from robust marketing and search engine optimization, appearing on the first page of Google results for "Joplin Missouri Self Storage". Located in Southwest Missouri, the property is near Springfield, MO, and Northwest Arkansas. Joplin features strong demographics, with a 5-mile population exceeding 80,000, a daytime population of approximately 240,000, and a regional trade area serving more than 400,000 residents. The property size is 7,410 square feet.
Key Highlights
- Proven high occupancy history (approximately 97%) with only one unit currently available.
- Opportunity for revenue growth through rent optimization and ancillary income.
- Turnkey operation with existing on‑site manager willing to stay.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.5k | $6.00 |
| − Vacancy | −$1.6k | −$0.21 |
| EGI | $42.9k | $5.79 |
| − OpEx | −$12.9k | −$1.74 |
| NOI | $30.0k | $4.05 |
7,410 SF · lease $6.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$909.7K
$796.0K – $1.06M
NOI $63,676 @ 7.0% cap · market cap 18.46%
Second Best
Industrial
$429.0K
$375.4K – $500.6K
NOI $30,033 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,499 @ 7.0% cap · market cap 45.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage facility with high occupancy and revenue growth potential.
Where is this self storage facility located?
The property is located at 615 N Main St Rd Joplin, MO.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Proven high occupancy history (approximately 97%) with only one unit currently available.; Opportunity for revenue growth through rent optimization and ancillary income.; Turnkey operation with existing on‑site manager willing to stay.
