Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5124 Lake Ave St Joseph, MO 64504

    Sponsored
    For Sale
    $174,000

    SINGLE_FAMILY - St Joseph, MO

    Type:Office
    Lot size:
    0.14 Acres
    Days on Market:
    325
    Last Refresh:
    Jan 24 at 10:06 am

    Property Features for 5124 Lake Ave

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    M-2
    APN
    06-9.0-30-004-000-032.000
    Parking features
    Garage
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Electricity Available

    Building Details

    Year built
    1917
    Floors in Building
    2

    We can help!

    Listing Contact
    Craig Sinclair
    Craig Sinclair

    Berkshire Hathaway HomeServices Stein & Summers Real Estate (816) 232-2000

    Listing agent Craig Sinclair (816) 232-2000

    Listing date Mar 6, 2025

    MLS# 2534078

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property with Updated Features

    This mixed-use property features a storefront open office space with a restroom on the ground floor. The space has been fully updated and is located on a high-traffic street, suitable for various business ventures. The property is situated on a corner lot with eating establishments nearby. The upstairs area includes a living space with 2 bedrooms, 1 bathroom, an updated kitchen, and a large living room. The property offers the flexibility to generate rental income or serve as a live-work environment. The property is zoned M-2 manufacturing and is located in St Joseph, MO. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.863303
    Latitude
    39.722056

    Nearby Similar for Sale

    • $4,000,000
      2.26 Acres

      Prime Commercial Property on Belt Highway

      High-visibility commercial property on Belt Highway in St Joseph, MO.
      1900 N Belt Hwy, St Joseph, MO 64506
      View Details
    • $1,199,500
      38.32 Acres

      Updated Recreational Property on 38+ Acres

      Modernized recreational destination with golf, driving range, and venue rental.
      6480 SE 169 Hwy, St Joseph, MO 64507
      View Details
    • $2,750,000
      2.51 Acres

      Medical Office Building For Sale

      Medical office building on 2.51 acres with expansion potential.
      3904 Beck Rd, St Joseph, MO 64506
      View Details
    • $795,000
      1.20 Acres

      Turnkey Auto Facility For Sale

      Fully renovated auto facility with multiple buildings and income potential.
      3709 Pickett Rd, St Joseph, MO 64503
      View Details
    • $215,000
      Pending

      Updated Duplex in St Joseph

      Move-in ready duplex with new systems and durable storm windows.
      2311 S 10Th St, St Joseph, MO 64503
      View Details
    • $899,000
      1.41 Acres

      Former YMCA in Downtown St. Joseph

      Versatile 28,938 SF property suitable for fitness, retail, or office.
      315 S 6Th St, St Joseph, MO 64501
      View Details
    • $750,000
      0.71 Acres

      Renovated Commercial Building, St Joseph

      Versatile, renovated 5,000 sq. ft. commercial building for sale.
      3919 Messanie St, St Joseph, MO 64506
      View Details
    • $250,000
      0.22 Acres

      Turnkey Automotive Repair Shop

      Fully operational auto repair shop with valuable infrastructure in place.
      5508 Pryor Ave, St Joseph, MO 64504
      View Details
    • $174,950
      0.15 Acres

      Move-in Ready Office Space

      Well-maintained office space with functional layout and ample parking.
      6303 King Hill Ave, St Joseph, MO 64504
      View Details
    • $895,000
      1.35 Acres

      Well-Maintained Office Building on Belt Highway

      Excellent brick office building with ample parking and highway frontage.
      2700 N Belt Hwy, St Joseph, MO 64506
      View Details
    • Contact for pricing
      1.00 Acre

      Versatile Building in Pristine Condition

      5,000 sq ft building suitable for various business types.
      20724 State Rte K Hwy, St Joseph, MO 64505
      View Details
    • $549,000
      0.45 Acres

      Industrial Building with Office Space

      Well-maintained industrial building with office space in St Joseph, MO.
      2302 Highly St, St Joseph, MO 64506
      View Details

    FAQs

    What type of property is this?
    Live-work space - Live/work property with storefront, updated features, and M-2 zoning.
    Where is this live-work space located?
    The property is located at 5124 Lake Ave St Joseph, MO.
    What is the asking price?
    The asking price for this property is $174,000.
    What are key features of this property?
    This property features: - High-traffic storefront open office space ideal for business ventures.; - Flexible live-work environment or rental income potential.; - Updated 2-bedroom living space upstairs.
    (816) 262-8938
    Request Owner's contact information
    5124 Lake Ave St Joseph, MO 64504
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5124 Lake Ave
    St Joseph, MO 64504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    5124 Lake Ave St Joseph, MO 64504
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Craig Sinclair
    Craig Sinclair
    (816) 262-8938
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.