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    Mechanic Shop in High-Traffic Location Title is generated by Realmo AI

    520 S 8th Street, St Joseph, MO 64501

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    Claim this Listing
    New
    For Sale
    $119,900

    SINGLE_FAMILY - St Joseph, MO

    Type:Retail
    Lot size:
    0.20 Acres
    Added:
    May 26, 2026
    Days on Market:
    6
    Last Refresh:
    May 31 at 4:06 am

    Property Features for 520 S 8th Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C3
    Parking features
    Parking Lot, Garage
    Interior features
    Storage, Public Restroom
    Standard status
    Active
    APN
    06-3.0-08-004-003-061.000
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Description
    SUB:NIXON'S LOT:2 BLK:1 LGL DESC:ALL OF LOT 2 & S 37.25' OF LOT 3 EX THAT PART TAKEN BY R/W
    Tax Annual Amount
    1083

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1900
    Floors in Building
    2
    Additional Structures
    Storage

    We can help!

    Listing Contact
    David Price

    Listing agent David Price

    Listing office United Real Estate Kansas City 8320 N Oak Trafficway #223, Kansas City, MO

    Listing date May 26, 2026

    MLS# 2622623

    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.

    HighLights

    • High‑visibility, high‑traffic downtown corner location.
    • Spacious back shop area with 14‑foot clearance heights and drive‑in garage bay.
    • Suitable for automotive service, mechanic work, or industrial storage.
    • Front showroom area ideal for customer service or retail display.
    • Equipped with 220v electric service and all city utilities.
    • Parking lot and garage.

    Overview

    This commercial mechanic shop is located at a high-visibility, high-traffic downtown corner. The property features a front showroom area with standard ceilings, suitable for a customer service counter or retail display. The spacious back shop area offers a 14-foot clearance height and a drive-in garage bay, making it well-suited for automotive service, mechanic work, or industrial storage. It is equipped with 220v electric service and all city utilities. The property is sold strictly as-is, where is, in its present condition, with the seller making no repairs, updates, or inspection remedies. The lot size is 0.1961 acres. The zoning is C3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Allstar Towing & Recovery Inc
    • Turner towing — 1408 S 14th St, St Joseph, MO 64503
    • R/S Electric Motor Sales & Service — 1422 S 6th St, St Joseph, MO 64501
    • St Joe Radiator & Air Conditioning Inc — 1202 S 6th St, St Joseph, MO 64501
    • R&W Towing & Recovery LLC — 1214 S 9th St, St Joseph, MO 64503

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8507927
    Latitude
    39.7625998

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    FAQs

    What type of property is this?
    Auto shop - Versatile commercial property ideal for automotive service or retail display.
    Where is this auto shop located?
    The property is located at 520 S 8th Street St Joseph, MO.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: High‑visibility, high‑traffic downtown corner location.; Spacious back shop area with **14‑foot clearance heights and drive‑in garage bay.**; Suitable for automotive service, mechanic work, or industrial storage.
    (816) 401-8456
    We can help!
    Listing Contact
    David Price
    Request Owner's contact information
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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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