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2914 E 32nd St, Joplin, MO 64804
Shopping centers
Property Size34,630 SF
Lot Size5.45 Acres
Price / SF$142.94
Days on Market768
Property Features for 2914 E 32nd St
General Information
Standard status
Active
Size
34,630 SF
Class
C
Lot size
5.45 Acres
Property subtype
Retail, Land
Zoning
C-3
Occupancy
37%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$60,000
Building Details
Year Built
1985
Buildings
3
Stories
1
Units
25
Tenancy
Multi
Listing Agency:
Glenn Gibson Commercial Real Estate
(417) 359-6868
Listed By:
Luke Gibson · License #MO 2006022522
Source:
Crexi
Added: Jul 15, 2024
Changed: Aug 13
Last Checked: Aug 20 at 7:35PM
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.
Key Highlights
- Prime commercial real estate at the busiest corner in Joplin (32nd and Rangeline Road).
- Spans 5.45 acres with frontage on both 32nd Street and Range Line.
- Features three retail buildings: Building A (21,430 sq ft), Building B (8,000 sq ft), and Building C (5,200 sq ft).
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
$326,730
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
6.60%
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%
$6,534,600
$6.5M
Cap Rate 7%
$4,667,571
$4.7M
Cap Rate 9%
$3,630,333
$3.6M
Market Conditions
NOI Build-Up for 34,630 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
$486.2K $14.04/SF
− Vacancy
−$19.4K −$0.56/SF
EGI
$466.8K $13.48/SF
− OpEx
−$140.0K −$4.04/SF
NOI
$326.7K $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 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%
$6,534,600
Cap Rate 7%
$4,667,571
Cap Rate 9%
$3,630,333
Alternative Uses
Best Use
Retail
$4.67M
$4.08M – $5.45M
NOI $326,730 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.45M
$9.14M – $12.19M
NOI $731,386 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
612k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Superstores 20%
Shops & Services 16%
Home Improvements & Furnishings 6%
Sam's Club
Superstores
119,782 visits/mo
0.4 miles
Chick-fil-A
Dining
51,535 visits/mo
0.3 miles
Texas Roadhouse
Dining
41,644 visits/mo
0.2 miles
Kum & Go
Shops & Services
39,612 visits/mo
0.2 miles
Menards
Home Improvements & Furnishings
35,546 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Southside Shopping Center — 2914 E 32nd St, Joplin, MO 64804
- Silver Creek Galleria — 2702 Richard Joseph Blvd, Joplin, MO 64804
Frequently Asked Questions
Where is this shopping center located?
The property is located at 2914 E 32nd St Joplin, MO.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Prime commercial real estate at the busiest corner in Joplin (32nd and Rangeline Road).; Spans 5.45 acres with frontage on both 32nd Street and Range Line.; Features three retail buildings: Building A (21,430 sq ft), Building B (8,000 sq ft), and Building C (5,200 sq ft).
