Remodeled Restaurant on High-Traffic
For Sale
Contact for pricing
712 W 20th St, Joplin, MO 64804
Fully remodeled restaurant with outdoor dining potential, opening Summer 2025.
Property Size980 SF
Lot Size0.33 Acres
Price / SF$202.96
Days on Market734
Property Features for 712 W 20th St
General Information
Standard status
Active
Size
980 SF
Lot size
0.33 Acres
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Lease Type
Modified Gross
Net Operating Income
$15,120
Building Details
Year Built
1920
Year Renovated
2023
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Glenn Gibson Commercial Real Estate
Listed By:
Luke Gibson · License #MO 2006022522
(417) 359-6868
Source:
Crexi
Added: Sep 19, 2024
Changed: Sep 17
Last Checked: Sep 21 at 7:18AM
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.
Located on 20th Street in Joplin, Missouri, this fully remodeled restaurant is currently leased to a Southern Seafood restaurant, with an opening planned for early Summer 2025. The property features a nearly move-in-ready kitchen, designed to save time and costs. The interior is spacious and fully remodeled, providing a modern aesthetic. The layout is efficient for both back-of-house and front-of-house operations. Situated on a 0.33-acre lot, the property includes a spacious yard suitable for outdoor dining and potential expansion. The location on 20th Street offers excellent visibility and accessibility, benefiting from consistent traffic flow. The property is easily accessible from surrounding neighborhoods, shopping centers, and other commercial hubs. Zoned C-1 (Commercial), the property offers flexibility for various uses beyond a restaurant, such as cafes, bakeries, or retail shops. It also includes a private parking lot, enhancing customer convenience. The property size is 980 square feet.
Key Highlights
- Fully leased to a Southern Seafood restaurant opening early Summer 2025, providing immediate income.
- Located on high‑traffic 20th Street in Joplin, MO, offering excellent visibility and accessibility.
- Includes a private parking lot, a key convenience for customers.
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
$9,907
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
4.98%
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%
$198,140
$198.1K
Cap Rate 7%
$141,529
$141.5K
Cap Rate 9%
$110,078
$110.1K
Market Conditions
NOI Build-Up for 980 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
$13.8K $14.04/SF
− Vacancy
−$550 −$0.56/SF
EGI
$13.2K $13.48/SF
− OpEx
−$3.3K −$3.37/SF
NOI
$9.9K $10.11/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
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%
$198,140
Cap Rate 7%
$141,529
Cap Rate 9%
$110,078
Alternative Uses
Best Use
Specialty Retail
$141.5K
$123.8K – $165.1K
NOI $9,907 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.7K
$258.7K – $345.0K
NOI $20,698 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Conoco
Shops & Services
4,107 visits/mo
0.5 miles
Demographics for 64804, MO
38,078
Population
16,844
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
91.4 sq mi
ZIP Area
417
Density / Sq Mi
$62,081
Median Household Income
$34,780
Median Earnings
$886
Median Rent
$171,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully remodeled restaurant with outdoor dining potential, opening Summer 2025.
Where is this conventional restaurant located?
The property is located at 712 W 20th St Joplin, MO.
What is the asking price?
The asking price for this property is $198,900.
What are key features of this property?
This property features: Fully leased to a Southern Seafood restaurant opening early Summer 2025, providing immediate income.; Located on high‑traffic 20th Street in Joplin, MO, offering excellent visibility and accessibility.; Includes a private parking lot, a key convenience for customers.
