Flex Building with Overhead
For Sale
$370,000
722 W 7th St, Joplin, MO 64801
Separate entrances divide the property into two commercial spaces, with one currently leased and the other available.
Property Size3,954 SF
Price / SF$93.58
Days on Market42
Property Features for 722 W 7th St
General Information
Standard status
Active
Size
3,954 SF
Property subtype
Commercial
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1955
Building Size
3,954 SF
Tenancy
Multi
Listing Agency:
PRO 100 Inc., REALTORS
Listed By:
James I. Hunter, IV 417-782-0800 · License #201110009040
(417) 850-5355
Source:
Trilakeshomesearch
Added: Sep 23
Changed: Nov 1
Last Checked: Nov 3 at 7:29AM
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 PRO 100 Inc., REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,954-square-foot flex property at 722 W 7th St in Joplin is arranged as two separate spaces. The west portion is leased, with two years remaining on the lease as of the listing date. The east portion is available and has its own entrance, approximately 2,200 square feet, two overhead doors, and a bathroom. The building was constructed in 1955 and has a newer roof, HVAC, and wiring.
Key Highlights
- 3,954 square feet total
- West portion leased with two years remaining at listing date
- East portion has approximately 2,200 square feet and is available to lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,026
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,520
$320.5K
Cap Rate 7%
$228,943
$228.9K
Cap Rate 9%
$178,067
$178.1K
Market Conditions
NOI Build-Up for 3,954 SF
Gross rent
$23.7K $6.00/SF
− Vacancy
−$830 −$0.21/SF
EGI
$22.9K $5.79/SF
− OpEx
−$6.9K −$1.74/SF
NOI
$16.0K $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 Rate 5%
$320,520
Cap Rate 7%
$228,943
Cap Rate 9%
$178,067
Alternative Uses
Best Use
Industrial
$228.9K
$200.3K – $267.1K
NOI $16,026 @ 7.0% cap · market cap 4.33%
Second Best
Flex RnD
$207.1K
$181.2K – $241.6K
NOI $14,495 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,508 @ 7.0% cap · market cap 22.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Under-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
Frequently Asked Questions
What type of property is this?
Flex space - Separate entrances divide the property into two commercial spaces, with one currently leased and the other available.
Where is this flex space located?
The property is located at 722 W 7th St Joplin, MO.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 3,954 square feet total; West portion leased with two years remaining at listing date; East portion has approximately 2,200 square feet and is available to lease
