2705 Range Line Rd Joplin, MO 64804-3254
- Retail space
- 9,079 SF
- 1.76 lot acres
Current Use by Public Records
- Lucy’s Ensenada Mexican Restaurant / Mexican Restaurant
- Tiffany Nail Studio / Nail Salon
Property Details for 2705 Range Line Rd
- Year built
- 1976
- Lot size
- 1.76 lot acres
- Property size
- 9,079 SF
- Property type
- Retail space
- APN
- 20-4.0-18-0-0-34.0
- APU
- 20401800340
Description
This exceptional investment opportunity presents a well-maintained, multi-tenant shopping center ideally situated in Joplin, Missouri at 2703 & 2705 S. Rangeline Rd, zip code 64804. Built in 2015, this property boasts a total of 16,500 square feet across two buildings, situated on a 1.56-acre lot. Currently housing four tenants, the center offers a stable income stream with a compelling 6.00% capitalization rate. The asking price is $2,800,000, translating to a price per square foot of $169.70. The property is zoned C3, allowing for a variety of commercial uses. Its strategic location directly across from a Lowe's home improvement store ensures high visibility and significant foot traffic. This sale is contingent upon the seller identifying a suitable 1031 exchange property. The property's strong performance and prime location make it an attractive investment for discerning buyers seeking a stable, high-yield retail asset in a growing market. Detailed financial information is available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $605,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $635,000
- 6.5%
- $650,000
- 7%
- $760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $810,000
- Geo Method
- $775,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $885,000
- Retail
- $835,000
- Mixed-Use
- $830,000
- Hospitality
- $850,000
- Educational
- $870,000
- Residential Income
- $850,000
- Energy
- $745,000
- Income-Based Land
- $705,000
- Food Service
- $875,000
Location Insight
- Map
- Local Demand
- City
- Joplin
- County
- Jasper
- State
- Missouri
- Longitude
- -94.4774
- Latitude
- 37.061
- CBSA code
- 27900
- CBSA name
- JOPLIN, MO METROPOLITAN STATISTICAL AREA