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    Raymond Sisson, Saint Joseph, MO

    Berkshire Hathaway Homeservices Stein & Summers Real Estate - Saint Joseph
    Association
    Kansas City Regional Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (816) 390-7478
    Office Address:
    1007 E St Maartens Dr, Saint Joseph, MO, 64506

    Performance

    Listings
    12

    Listings

    For Sale (12)

    View map
    • $990,000
      29.70 Acres

      Missouri Riverfront Commercial Land

      29+ Acres, Prime RV Resort Location
      1509 Broadway St, Saint Joseph, MO 64505
      View Details
    • $485,000
      1.04 Acres

      Prime Commercial Land, St. Joseph, MO

      One-acre development lot near hospital & university.
      1305 Riverside Rd, Saint Joseph, MO 64507
      View Details
    • $887,200

      Prime St. Joseph Commercial Land

      1+ Acre Retail Site, I-29 Access
      00 169 Hwy, Saint Joseph, MO 64506
      View Details
    • $375,000
      1.29 Acres

      St. Joseph Commercial Land - $375,000

      Prime 1.29-acre C-3 zoned lot.
      3800 Beck Rd, Saint Joseph, MO 64506
      View Details
    • $1,850,000
      7,912 SF

      Beck Road Office Building Investment

      St. Joseph, MO: Net-leased office building
      3715 Beck Rd, Saint Joseph, MO 64506
      View Details
    • $1,425,000
      27,225 SF

      Prime St. Joseph Retail Investment

      Multi-Tenant Value-Add Opportunity
      3603 Frederick Ave, Saint Joseph, MO 64506
      View Details
    • $475,000
      6.00 Acres

      Missouri Riverfront Commercial Land

      6-Acre Industrial Riverfront Property
      3500 Waterworks Rd, Saint Joseph, MO 64505
      View Details
    • $718,500

      St. Joseph Commercial Land - Lot 1

      Prime 7.17-acre development site
      0 Us Highway 169, Saint Joseph, MO 64506
      View Details
    • $775,000
      1.37 Acres

      Prime Commercial Land, St. Joseph, MO

      1.37 Acres, I-29 Frontage, Build-to-Suit
      0 Village Dr, Saint Joseph, MO 64506
      View Details
    • Contact for pricing
      31.43 Acres

      Tuscany Village Commercial Lots

      Prime St. Joseph, MO development land.
      4774 Verona Dr, Saint Joseph, MO 64506
      View Details
    • $887,200
      68,245.00 Acres

      Prime Commercial Land, St. Joseph, MO

      68-Acre C-3 Zoned Lot, Hwy 169
      00 Us Highway 169, Saint Joseph, MO 64506
      View Details
    • $375,000
      1.29 Acres

      Beck Road Commercial Land - St. Joseph, MO

      1.29-acre commercial lot near Price Chopper.
      3800 Beck Rd, Saint Joseph, MO 64506
      View Details

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    Raymond Sisson, Saint Joseph, MO
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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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    Raymond Sisson, Saint Joseph, MO
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