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    5401 S Main St Joplin, MO 64804
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    5401 S Main St Joplin, MO 64804

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    • Commercial land
    For Sale
    $1,200,000
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    Commercial Land on South Main For Sale
    $1,200,000
    2,500 SF

    Commercial Land on South Main

    20+ acres for commercial development in Joplin, Missouri.

    5401 S Main St, Joplin, MO 64804
    View Listing
    Property ID
    US48-2593406
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 5401 S Main St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    20+ acres for commercial development on South Main in Joplin, Mo. There is a 2500 sf house and detached garage and a separate garage/workshop with carports. There is also a small storage building - Features 433.33+/- Silver Creek frontage. Located across the street from Wildcat Park with chert glades and over 4 miles of walking trails. This property has chert glades on it as well. Contact LA for showing - See flyer in documents

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.5145981
    Latitude
    37.0288238

    Comparable in this City

    • $315,000

      Commercial Land Near I-44

      Commercial land available near Range Line and I-44 in Joplin.
      2732 E 44Th St, Joplin, MO 64804
      View Details
    • $695,000

      Development Opportunity Near Mercy Hospital

      Two-acre commercial land parcel near Mercy Hospital and I-44.
      5211 S Main St, Joplin, MO 64804
      View Details
    • $100,000
      4.00 Acres

      Land Near Shoal Creek

      4 acres of land close to Shoal Creek and Grand Falls.
      Riverside Dr, Joplin, MO 64804
      View Details
    • $610,000
      2.00 Acres

      High Visibility Commercial Land Parcel

      Two-acre commercial land parcel with high visibility on S Main.
      5211 S Main St, Joplin, MO 64804
      View Details
    • $380,160
      5.76 Acres

      Versatile Development Opportunity in Joplin

      Expansive property suitable for multifamily, commercial, or mixed-use development.
      2830 Mc Clelland Blvd, Joplin, MO 64804
      View Details
    • $200,000
      0.81 Acres

      Joplin Commercial Land For Sale

      0.8 acres commercial land near 32nd and Connecticut.
      3228 Connecticut Ave, Joplin, MO 64804
      View Details

    Similar Nearby for Sale

    • $315,000

      Commercial Land Near I-44

      Commercial land available near Range Line and I-44 in Joplin.
      2732 E 44Th St, Joplin, MO 64804
      View Details
    • $695,000

      Development Opportunity Near Mercy Hospital

      Two-acre commercial land parcel near Mercy Hospital and I-44.
      5211 S Main St, Joplin, MO 64804
      View Details
    • $100,000
      4.00 Acres

      Land Near Shoal Creek

      4 acres of land close to Shoal Creek and Grand Falls.
      Riverside Dr, Joplin, MO 64804
      View Details
    • $610,000
      2.00 Acres

      High Visibility Commercial Land Parcel

      Two-acre commercial land parcel with high visibility on S Main.
      5211 S Main St, Joplin, MO 64804
      View Details
    • $380,160
      5.76 Acres

      Versatile Development Opportunity in Joplin

      Expansive property suitable for multifamily, commercial, or mixed-use development.
      2830 Mc Clelland Blvd, Joplin, MO 64804
      View Details
    • $200,000
      0.81 Acres

      Joplin Commercial Land For Sale

      0.8 acres commercial land near 32nd and Connecticut.
      3228 Connecticut Ave, Joplin, MO 64804
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      43,996 SF

      Commercial Land in Joplin, MO

      Commercial land for rent, suitable for various business types.
      3011 S Main St, Joplin, MO 64804
      View Details
    • $20 SF/Yr
      5,000 SF

      Joplin Commercial Land For Lease

      Versatile commercial land with potential for customized building.
      E 22Nd St, Joplin, MO 64804
      View Details
    • Contact for pricing

      Joplin Office/Warehouse Space Available

      Office and warehouse space for lease in Joplin, Missouri.
      3001 Davis Blvd, Joplin, MO 64804
      View Details
    • $700 /Mo
      700 SF

      Joplin Commercial Space For Rent

      Medical/financial office space for lease in Joplin's Southern district.
      1531 W 32Nd St, Joplin, MO 64804
      View Details
    • $20 SF/Yr
      1,512 SF

      Commercial Space on Busy Route

      Commercial space for rent in Joplin, Missouri, great location.
      2202 S Range Line Rd, Joplin, MO 64804
      View Details
    • $25 SF/Yr
      5,087 SF

      Restaurant Space on Rangeline Road

      Restaurant space for lease with equipment and patio.
      3607 S Range Line Rd, Joplin, MO 64804
      View Details
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    Joplin, MO 64804
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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.

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