Joplin Self-Storage Investment
615 N Main St Rd Joplin, MO 64801
615 N Main St Rd, Joplin, MO, 64801
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For Sale
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Pending
Self-storage facility with high occupancy and revenue growth potential.
Property Size7,410 SF
Days on Market179
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 Checked: Jul 19 at 9:20 am
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Midwest Mini Storage
Storage Facility
Similar For Sale Nearby
FAQs
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.
