Multi-Tenant Center Near
For Sale
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3323 E 32nd St, Joplin, MO 64804
7,500 SF multi-tenant center with available spaces.
Property Size7,500 SF
Lot Size2.64 Acres
Price / SF$266.67
Days on Market1809
Property Features for 3323 E 32nd St
General Information
Standard status
Active
Size
7,500 SF
Class
B
Lot size
2.64 Acres
Property subtype
Retail
Zoning
Commercial
Investment Type
Value Add
Building Details
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
Woodsonia Real Estate Group
Listed By:
Mitch Hohlen · License #20201358
Source:
Crexi
Added: Nov 11, 2021
Changed: Oct 16
Last Checked: Oct 24 at 5:39PM
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 Woodsonia Real Estate Group
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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 7,500 square foot multi-tenant center offers available spaces ranging from 1,500 to 4,500 square feet. The property is situated on a 2.64 acre lot. It is positioned adjacent to a 90,000 square foot Menard's store, scheduled to open in 2023. The location benefits from traffic counts of 32,000 vehicles per day on Rangeline and 16,000 vehicles per day on 32nd Street.
Key Highlights
- Adjacent to a new 90,000 SF Menard's store opening in 2023
- High traffic location: 32,000 VPD on Rangeline
- Multi‑tenant center with 1,500 - 4,500 SF available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,762
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,240
$1.4M
Cap Rate 7%
$1,010,886
$1.0M
Cap Rate 9%
$786,244
$786.2K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$105.3K $14.04/SF
− Vacancy
−$4.2K −$0.56/SF
EGI
$101.1K $13.48/SF
− OpEx
−$30.3K −$4.04/SF
NOI
$70.8K $9.43/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,240
Cap Rate 7%
$1,010,886
Cap Rate 9%
$786,244
Alternative Uses
Best Use
Retail
$1.01M
$884.5K – $1.18M
NOI $70,762 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,400 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
29k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Casey's General Store
Shops & Services
20,998 visits/mo
0.4 miles
Dollar General
Shops & Services
8,104 visits/mo
0.4 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
Frequently Asked Questions
What type of property is this?
Shopping center - 7,500 SF multi-tenant center with available spaces.
Where is this shopping center located?
The property is located at 3323 E 32nd St Joplin, MO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Adjacent to a new 90,000 SF Menard's store opening in 2023; High traffic location: 32,000 VPD on Rangeline; Multi‑tenant center with 1,500 - 4,500 SF available
