Multi-Level Office
For Sale
Contact for pricing
1007 E Saint Maartens Drive, St Joseph, MO 64506
Multi-tenant flexible layout with walk-out lower and upper levels and a third-floor open space.
Property Size2,800 SF
Price / SF$283.93
Days on Market69
Property Features for 1007 E Saint Maartens Drive
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Office
Zoning
C-0
Building Details
Year Built
1988
Stories
3
Tenancy
Multi
Listing Agency:
BHHS Stein & Summers
(816) 390-7478
Listed By:
RAY SISSON · License #CA
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 11 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Stein & Summers
Investment Insights
Based on property information with market context.
This office building offers approximately 2,800 SF per floor across a lower level, upper level, and a third floor accessed by stairs. Both the lower and upper levels are walk-out, with dedicated interior space tailored to professional use. The lower level includes reception, nine offices, a conference room, breakroom, two restrooms, and storage. The upper level features reception, eight offices, cubicles, two restrooms, and a breakroom. The third floor provides a large open space and additional storage.
The property is located within the Saint Maartens office park in St Joseph, MO. It is served by a large parking lot, supporting convenient arrival for staff and visitors. Common area maintenance is supported through a small monthly charge for the association.
With room for either multiple users or a single larger occupant, the building can fit a range of office operations that need a mix of private offices, collaboration space, and flexible open area on the third floor. The presence of receptions, restrooms on multiple levels, and multiple breakrooms can support day-to-day workflow for one or two tenancy configurations.
The property is located within the Saint Maartens office park in St Joseph, MO. It is served by a large parking lot, supporting convenient arrival for staff and visitors. Common area maintenance is supported through a small monthly charge for the association.
With room for either multiple users or a single larger occupant, the building can fit a range of office operations that need a mix of private offices, collaboration space, and flexible open area on the third floor. The presence of receptions, restrooms on multiple levels, and multiple breakrooms can support day-to-day workflow for one or two tenancy configurations.
Key Highlights
- Office building built in 1988 in Saint Maartens office park with approximately 2,800 SF per floor
- Walk‑out lower and upper levels with office, reception, conference, breakroom, and restrooms
- Lower level includes reception, 9 offices, conference room, breakroom, 2 restrooms, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,707
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$774,140
$774.1K
Cap Rate 7%
$552,957
$553.0K
Cap Rate 9%
$430,078
$430.1K
Market Conditions
NOI Build-Up for 2,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.5K $23.04/SF
− Vacancy
−$12.9K −$4.61/SF
EGI
$51.6K $18.43/SF
− OpEx
−$12.9K −$4.61/SF
NOI
$38.7K $13.82/SF
Area
Buchanan County, MO
Vacancy
20.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$774,140
Cap Rate 7%
$552,957
Cap Rate 9%
$430,078
Alternative Uses
Best Use
Office B
$553.0K
$483.8K – $645.1K
NOI $38,707 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$844.8K
$739.2K – $985.6K
NOI $59,136 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 64506, MO
22,828
Population
9,820
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
2,283
Density / Sq Mi
$61,713
Median Household Income
$38,832
Median Earnings
$908
Median Rent
$220,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant flexible layout with walk-out lower and upper levels and a third-floor open space.
Where is this office building located?
The property is located at 1007 E Saint Maartens Drive St Joseph, MO.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Office building built in 1988 in Saint Maartens office park with approximately 2,800 SF per floor; Walk‑out lower and upper levels with office, reception, conference, breakroom, and restrooms; Lower level includes reception, 9 offices, conference room, breakroom, 2 restrooms, and storage
