Multi-Door Auto
For Sale
$249,900
716 S Pennsylvania Avenue, Joplin, MO 64801
Commercial Sale, Joplin, MO
Property Size4,620 SF
Price / SF$54.09
Days on Market166
Property Features for 716 S Pennsylvania Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
7th and main, E. 2 blocks to Pennsylvania.
Subdivision
04 - Joplin City - SE
Standard status
Active
Size
4,620 SF
Taxes and HOA fees
Tax Annual Amount
1503
Utilities
Heating system
Ceiling, Forced Air
Building Details
Year built
1950
Number of units
2
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Joplin Area Real Estate, LLC
(417) 499-7164
Listed By:
Matt Stokes · License #2006039513
(417) 439-1448
Added: Apr 13
Changed: Sep 16
Last Checked: Sep 25 at 6:06AM
MLS# 261921
Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,620-square-foot auto shop property contains two distinct commercial areas, including an added automotive section and space formerly used as a machine shop. Five overhead doors support vehicle and equipment access, while concrete flooring, two bathrooms, ceiling and forced-air heating, newer windows, and a metal roof provide the core building improvements. Constructed in 1950, the property is configured for automotive or related commercial operations.
The building is located at 716 S Pennsylvania Avenue in downtown Joplin, Missouri. The larger section is currently leased, while the additional area provides separate commercial space within the same building.
The building is located at 716 S Pennsylvania Avenue in downtown Joplin, Missouri. The larger section is currently leased, while the additional area provides separate commercial space within the same building.
Key Highlights
- 4,620‑square‑foot commercial building in downtown Joplin
- Five overhead doors across two distinct commercial areas
- Added auto shop area and former machine shop configuration
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
$18,725
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
7.49%
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%
$374,500
$374.5K
Cap Rate 7%
$267,500
$267.5K
Cap Rate 9%
$208,056
$208.1K
Market Conditions
NOI Build-Up for 4,620 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
$27.7K $6.00/SF
− Vacancy
−$970 −$0.21/SF
EGI
$26.7K $5.79/SF
− OpEx
−$8.0K −$1.74/SF
NOI
$18.7K $4.05/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
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%
$374,500
Cap Rate 7%
$267,500
Cap Rate 9%
$208,056
Alternative Uses
Best Use
Retail
$622.7K
$544.9K – $726.5K
NOI $43,589 @ 7.0% cap · market cap 17.44%
Second Best
Industrial
$267.5K
$234.1K – $312.1K
NOI $18,725 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,574 @ 7.0% cap · market cap 39.05%
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
1,547
Businesses Nearby
Well-served
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 Industrial in Midwest region
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Similar Off Market Nearby
- H&H Performance and Repair — 1409 S Illinois Ave, Joplin, MO 64801
- Comer's Muffler Center — 901 E 15th St, Joplin, MO 64804
- Chris Coats Towing — 1230 S Joplin Ave, Joplin, MO 64801
- Lewis Auto Painting — 1048 S Wall Ave, Joplin, MO 64801
- Allied Oil & Supply, Inc. — 1301 Virginia Ave, Joplin, MO 64801
Frequently Asked Questions
What type of property is this?
Auto shop - Two connected commercial areas combine automotive workspace with a separate section currently leased to another occupant.
Where is this auto shop located?
The property is located at 716 S Pennsylvania Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 4,620‑square‑foot commercial building in downtown Joplin; Five overhead doors across two distinct commercial areas; Added auto shop area and former machine shop configuration
