Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2609 Range Line Rd Joplin, MO 64801

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2609 Range Line Rd Joplin, MO 64801

    View on Map
    • Lifestyle centers
    • 16,490 SF
    • 3.55 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J & L Tee's / Clothing Store

    Property Details for 2609 Range Line Rd

    Lot size
    3.55 lot acres
    Property size
    16,490 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Oakland Plaza, a thriving retail investment opportunity in Joplin, Missouri, presents a compelling case for investors seeking strong returns. This stabilized shopping center boasts 16,490 square feet of net rentable space across four single-story buildings, situated on a 3.55-acre lot. Currently operating at 100% occupancy, the property commands a compelling 6.10% cap rate and a price per square foot of $151.61, reflecting its strong performance and prime location. The asking price is $2,500,000. The property enjoys exceptional visibility with 300 feet of frontage along Rangeline and Zora Streets, ensuring high traffic and exposure for tenants. Convenient access is provided from both major thoroughfares. Adding to the investment's appeal, the sale includes two residential properties located at 3115 E Zora and 3121 E Zora, presenting additional income potential or future development options. This multi-tenant shopping center in the 64801 zip code of Jasper County offers a rare combination of strong cash flow, prime location, and significant upside potential. The property's excellent condition and high occupancy rate make it an attractive investment for both seasoned and emerging real estate investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.4758
    Latitude
    37.1135

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      1818 4th St

      SHOPPING CENTER, STRIP CENTER • 3,200 SF
      1818 4th St, Joplin, MO 64801-1808
      View Details
    • Value Estimation by Request
      2,970 SF

      2405 7th St

      SHOPPING CENTER, STRIP CENTER • 2,970 SF
      2405 7th St, Joplin, MO 64801-1775
      View Details
    • Value Estimation
      $515,000
      11,880 SF

      732 Range Line Rd

      SHOPPING CENTER, STRIP CENTER • 11,880 SF
      732 Range Line Rd, Joplin, MO 64801-5598
      View Details
    • Value Estimation by Request
      7,462 SF

      2501 Range Line Rd

      SHOPPING CENTER, STRIP CENTER • 7,462 SF
      2501 Range Line Rd, Joplin, MO 64801-8347
      View Details
    • Value Estimation
      $570,000
      17,200 SF

      1810 Range Line Rd

      SHOPPING CENTER, STRIP CENTER • 17,200 SF
      1810 Range Line Rd, Joplin, MO 64801-8247
      View Details
    • Value Estimation by Request
      15,060 SF

      2900 4th St

      SHOPPING CENTER, STRIP CENTER • 15,060 SF
      2900 4th St, Joplin, MO 64801
      View Details

    Similar Nearby for Sale

    • $1,000,000
      Pending

      Rangeline Road Investment Opportunity

      Seventeen-unit retail property on Rangeline Road near Northpark Mall.
      110 N Range Line Rd, Joplin, MO 64801
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      2+ acres, high-traffic location, ideal for various commercial uses.
      2808 E 7Th St, Joplin, MO 64801
      View Details
    • $1,800,000

      Versatile Commercial Property in Joplin

      Over 20,000 SF commercial space suitable for various business types.
      2207 W 7Th St, Joplin, MO 64801
      View Details
    • $950,000
      2.00 Acres

      Prime Commercial Land in Joplin

      2+ acres, ideal for retail, restaurant, or strip center.
      2808 E 7Th St, Joplin, MO 64801
      View Details
    • $100,000
      700 SF

      Joplin Commercial Property with Potential

      Versatile property suitable for restaurant, event venue, or rental income.
      1301 E Broadway St, Joplin, MO 64801
      View Details
    • Contact for pricing
      2,200 SF

      Office and Retail Space Available

      2,200 SqFt office and retail space for sale.
      1014 W 7Th St, Joplin, MO 64801
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      51,125 SF

      Adaptable Facility in Joplin, MO

      Versatile 51,125 SF facility suitable for various commercial uses.
      500 S Grand Ave, Joplin, MO 64801
      View Details
    • Contact for pricing
      4,030 SF

      Retail Space Near Walmart

      Retail space available in Walmart shadow center with high traffic.
      2405 W 7Th St, Joplin, MO 64801
      View Details
    • Contact for pricing
      44,476 SF

      Retail Space in North Pointe

      Retail space available in a busy Joplin shopping center.
      630 S Range Line Rd, Joplin, MO 64801
      View Details
    • $8 SF/Yr

      Retail Space in High-Traffic Location

      Strip center with competitive rates and ample parking available for lease.
      1651 W 7Th St, Joplin, MO 64801
      View Details
    • Contact for pricing
      14,820 SF

      Retail/Medical Space in Established Corridor

      Corner property suitable for retail, medical, or service businesses.
      1605 W 7Th St, Joplin, MO 64801
      View Details
    • $6 SF/Yr
      5,031 SF

      Versatile Commercial Space on Main

      5,031 sq ft commercial space available for rent.
      5171 N Main St, Joplin, MO 64801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2609 Range Line Rd
    Joplin, MO 64801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!