Mixed-Use Property with Metal
For Sale
$235,000
729 W 32nd Street, Joplin, MO 64804
Commercial Sale, Joplin, MO
Property Size864 SF
Lot Size0.51 Acres
Price / SF$271.99
Days on Market614
Property Features for 729 W 32nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Basement
Crawl Space
Directions
From Main Street and 32nd Street head west to Jackson. Property is on the right side (north) at the corner of Jackson and 32nd street
Subdivision
03 - Joplin City - SW
Standard status
Active
APN
1951540019004000
Size
864 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Annual Amount
980
Utilities
Utilities
Electricity Available
Heating system
Central, Natural Gas
Cooling system
Central Air
Building Details
Year built
1940
Flooring type
Laminate, Hardwood
Roof type
Composition
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Shannon Van Gorp · License #2005004349
(417) 312-0822
Added: Feb 9, 2025
Changed: Oct 8
Last Checked: Oct 16 at 10:06AM
MLS# 250675
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 2-bedroom, 1-bath residence and a large metal shop with three stalls. The 864-square-foot property was built in 1940 and features hardwood and laminate flooring, central heating and cooling, natural gas, and a composition roof. An interior loft provides additional workspace, including room for a workbench. The home and shop create a practical live-work configuration, with the residence offering potential office use and the shop supporting storage, garage, or business functions.
Set on a 0.51-acre corner lot, the property includes an asphalt driveway and available electricity. Commercial zoning supports the property's mixed residential and business-oriented layout. The site is near Freeman Hospital and other medical facilities in Joplin, Missouri.
Set on a 0.51-acre corner lot, the property includes an asphalt driveway and available electricity. Commercial zoning supports the property's mixed residential and business-oriented layout. The site is near Freeman Hospital and other medical facilities in Joplin, Missouri.
Key Highlights
- Commercial zoning on a 0.51‑acre corner lot
- 2‑bedroom, 1‑bath residence with 864 square feet
- Large metal shop with three stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,750
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,000
$155.0K
Cap Rate 7%
$110,714
$110.7K
Cap Rate 9%
$86,111
$86.1K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$13.5K $15.60/SF
− Vacancy
−$1.1K −$1.25/SF
EGI
$12.4K $14.35/SF
− OpEx
−$4.7K −$5.38/SF
NOI
$7.8K $8.97/SF
Area
Jasper County, MO
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,000
Cap Rate 7%
$110,714
Cap Rate 9%
$86,111
Alternative Uses
Best Use
Mixed Use
$110.7K
$96.9K – $129.2K
NOI $7,750 @ 7.0% cap · market cap 3.30%
Second Best
Warehouse
$60.7K
$53.2K – $70.9K
NOI $4,252 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Explore this area
Business Placement
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned corner property combining a residence with a three-stall shop for flexible business or live-work use.
Where is this mixed-use property located?
The property is located at 729 W 32nd Street Joplin, MO.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Commercial zoning on a 0.51‑acre corner lot; 2‑bedroom, 1‑bath residence with 864 square feet; Large metal shop with three stalls
