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

    202 Joplin Ave Joplin, MO 64801

    • Office space
    • 1,250 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1363431
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office space

    Property Details for 202 Joplin Ave

    Year built
    1920
    Lot size
    0.28 lot acres
    Property size
    1,250 SF
    Property type
    Office space

    Description

    This stunning 1,250 square foot creative office space, situated on a 0.28-acre corner lot in Joplin's Historic District, offers unparalleled visibility and foot traffic. Completely renovated in 2024, this single-tenant property boasts a 12-foot ceiling height and an open floor plan, perfect for flexible layouts. The building, constructed in 1920, features a convenient kitchenette and restroom. Its C-2 zoning allows for retail or office use. Located in a vibrant, walkable neighborhood, this property benefits from proximity to numerous restaurants and businesses, ensuring high customer traffic. The property's prime location and modern amenities make it an ideal space for a boutique shop, office, or creative studio seeking a thriving downtown location. This is a rare opportunity to establish a presence in Joplin's revitalized heart.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.514376089951
    Latitude
    37.089573554617

    Comparable in this City

    • $1,250 /Mo
      1,200 SF

      Joplin Commercial Space For Rent

      Retail or office space with frontage on 7th Street.
      3702 E 7Th St, Joplin, MO 64801
      View Details
    • $700 /Mo

      Office and Retail Space Available

      Office and retail space with utilities included and reserved parking.
      809 Katherine Ave, Joplin, MO 64801
      View Details
    • $6 SF/Yr

      Versatile Retail/Office/Industrial Space Available

      Adaptable space suitable for retail, office, or industrial use.
      1717 W 7Th St, Joplin, MO 64801
      View Details
    • $6 SF/Yr
      5,031 SF

      Joplin Warehouse/Office Space

      5,031 sq ft, high-traffic location
      5171 Main Street Rd, Joplin, MO 64801
      View Details
    • $13 SF/Yr
      2,000 SF

      New Commercial Space in Joplin

      2,000 sq ft space in Joplin's revitalized downtown area.
      906 S Main St, Joplin, MO 64801
      View Details
    • $1,600 /Mo
      546 SF

      Downtown Joplin Office Space Available

      Renovated office space with modern amenities in downtown Joplin.
      112 6Th St, Joplin, MO 64801
      View Details

    Similar Nearby for Sale

    • $225,000
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      Historic Downtown Joplin Commercial Space

      Versatile commercial building in Joplin's Historic District with excellent visibility.
      809 S Main St, Joplin, MO 64801
      View Details
    • $873,562
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      Adaptable Commercial Property in Joplin

      Versatile commercial space suitable for retail, office, and warehouse use.
      711 S Patterson Ave, Joplin, MO 64801
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    • $625,000
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      Move-In Ready Commercial Buildings

      Newly constructed commercial buildings ideal for diverse business uses.
      1315 W Zora, Joplin, MO 64801
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    • $315,000
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      Downtown Joplin Commercial Opportunity

      Versatile commercial space in downtown Joplin, suitable for various businesses.
      122 W 1St St, Joplin, MO 64801
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    • $1,798,500
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      Versatile Commercial Building on Route 66

      Adaptable commercial building in downtown Joplin with high visibility.
      204 East 7Th St, Joplin, MO 64801
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    • $425,000
      3,000 SF

      Versatile Commercial Building in Joplin

      3,000 SF commercial building suitable for retail, office, or medical.
      2814 E 7Th St, Joplin, MO 64801
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    Similar Nearby for Lease

    • $700 /Mo

      Office and Retail Space Available

      Office and retail space with utilities included and reserved parking.
      809 Katherine Ave, Joplin, MO 64801
      View Details
    • $1,250 /Mo
      1,200 SF

      Joplin Commercial Space For Rent

      Retail or office space with frontage on 7th Street.
      3702 E 7Th St, Joplin, MO 64801
      View Details
    • $6 SF/Yr

      Versatile Retail/Office/Industrial Space Available

      Adaptable space suitable for retail, office, or industrial use.
      1717 W 7Th St, Joplin, MO 64801
      View Details
    • $6 SF/Yr
      5,031 SF

      Joplin Warehouse/Office Space

      5,031 sq ft, high-traffic location
      5171 Main Street Rd, Joplin, MO 64801
      View Details
    • $13 SF/Yr
      2,000 SF

      New Commercial Space in Joplin

      2,000 sq ft space in Joplin's revitalized downtown area.
      906 S Main St, Joplin, MO 64801
      View Details
    • $475 /Mo
      235 SF

      Downtown Joplin Office Space Rental

      Newly renovated office space in historic downtown Joplin building.
      112 S Main St, Joplin, MO 64801
      View Details
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    202 Joplin Ave
    Joplin, MO 64801
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    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
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