4001 Richard Joseph Blvd Joplin, MO 64804-5300
Property Lookup
Property profile & analytics
4001 Richard Joseph Blvd Joplin, MO 64804-5300
- Office buildings
- 74,128 SF
- 9.24 lot acres
Property ID
US48-1597262
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 4001 Richard Joseph Blvd
- Year built
- 2008
- Lot size
- 9.24 lot acres
- Property size
- 74,128 SF
- Property type
- Office buildings
- APN
- 05-6.0-24-000-000-006.005
- APU
- 56024000000006005
Description
This single-story, 75,728-square-foot office building in Joplin, Missouri, presents a compelling value-add investment opportunity. Currently 68% occupied by AT&T, a credit-rated tenant, under a lease expiring December 31, 2027, the property offers significant upside potential. The existing lease with AT&T provides a stable income stream for the next 3.1 years, with annual rent bumps of 2%. The remaining 32% (approximately 24,308 SF) of vacant space provides an opportunity to lease up in a market with less than 6% vacancy. Built in 2007 on a 9.24-acre lot, the building features ample parking (4.25 spaces per 1,000 sq ft) and is zoned C-2 PD, allowing for flexibility in future use. The property boasts high-quality finishes, including web-based training rooms, conference rooms, offices, and large open work areas. The asking price is $4,500,000, representing a pro-forma cap rate of 8.71% and a pro-forma NOI of $391,782. The building's institutional ownership and maintenance history since its construction further enhance its appeal. This property is ideal for owner-users seeking a substantial space or value-add investors looking for a strong return on investment. The current AT&T lease cash flow will cover operating expenses on the vacant space for three years, providing ample time to lease up the newly vacated space.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Joplin
- County
- Newton
- State
- Missouri
- Longitude
- -94.4895
- Latitude
- 37.0446
- CBSA code
- 27900
- CBSA name
- JOPLIN, MO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$119,071
$325,248
$0.00
$325,248
-
$1,016,400
$6,529,500
$7,545,900
