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33960777
33960778

3402 East 7th Street, Joplin, MO 64801

DC
TX TX 635835
Marcus & Millichap - Fort Worth
Marcus & Millichap - Fort Worth
Listed by Marcus & Millichap - Fort Worth
$2,400,000
2 days on market
Updated 2 days ago

Eagle Self Storage

Details
Property Type Self Storage
Sub Type Self Storage
Square Footage 53,780
Units 340
Cap Rate 7.54%
Occupancy 75%
Tenancy Multi
Pro-Forma Cap Rate 9.54%
Price per SqFt $45
Year Built 1989
Buildings 11
Stories 1
Acreage 4.340
Investment Type Value Add
Occupancy Date 06/23/2026
Ownership Fee Simple

54,000 SF Storage Facility in Joplin, MO | Only $45/SF - Below Replacement Cost

Marketing description

Eagle Self Storage is a 340-unit, all drive-up facility positioned along the primary commercial corridor in Joplin, Missouri, with direct access to Interstate-44 Business. The Property benefits from excellent visibility, convenient access, and strong surrounding residential density—driving consistent tenant demand.

The asset presents a clear value-add opportunity through a combination of lease-up and rental rate growth. Non-climate drive-up units are approximately 97 percent occupied, demonstrating strong underlying demand for traditional storage product. Overall occupancy remains below its potential due to a temporary disruption caused by tornado damage to a portion of the partially enclosed units. All damaged doors have since been replaced, and those units are actively leasing again, creating a near-term opportunity for occupancy and revenue growth as the facility stabilizes.

This dynamic creates a clear path to increase both occupancy and revenue. An investor can further enhance performance by converting approximately 20 partially enclosed units into traditional drive-up storage units for an estimated cost of $75,000. This strategy would replace slightly less desirable inventory with higher-demand product, driving meaningful upside in rental rates, occupancy, and overall cash flow.

Investment highlights

  • Non-climate drive-up units approximately 97% occupied, demonstrating strong tenant demand
  • Immediate lease-up opportunity as repaired units return to stabilized occupancy
  • Below-market rental rates provide a clear path for revenue growth
  • Strong infill location with direct frontage along a high-traffic corridor (E 7th / I-44 Business)
  • Additional income upside through ancillary revenue and operational improvements
  • Low-cost unit conversion of partially enclosed units offers meaningful NOI growth potential

Listing Contacts

DC
TX TX 635835
Marcus & Millichap - Fort Worth
Marcus & Millichap - Fort Worth
Listed by Marcus & Millichap - Fort Worth

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Zoning

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M-2-PD PlannedHeavy Industrial Planned Development District
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
David Saverin
License
2008013520
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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