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    2400 Frederick Ave Saint Joseph, MO 64506

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    For Lease
    $11 SF/Yr

    Office building for rent with renovation and value-add potential.

    Property size:
    49,000 SF
    Lot size:
    0.62 Acres

    Property Features for 2400 Frederick Ave

    General Information

    Size
    49,000 SF
    Lot size
    0.62 Acres

    Source: Carthage Realty Group LLC (CRG) Agent Ismayil Mammadov

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Building Renovation Opportunity

    This office building offers a potential net operating income between $200,000 and $300,000. The property, which was sold for $550,000 in 2019, presents a market lease rate ranging from $11 to $18. Post-renovation, the potential value is estimated between $900,000 and $1,300,000, reflecting a 15-19% capitalization rate. The building encompasses a total area of 49,000 square feet and is located on Frederick Ave in Saint Joseph, MO.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life Energy Massage ... Massage Therapist CSI / Central States ... Insurance Agency Myztek Computers & Networking Computer Repair Service Crossroads Health Care Medical Clinic Frederick Tower Offices Office Space Rental Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8312953
    Latitude
    39.7761709

    Nearby Similar for Lease

    • New
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      Versatile Commercial Space on Frederick

      8,284 SF commercial space in downtown St. Joseph, MO
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    • $12 SF/Yr
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      Retail Space on North Belt

      4,140 SF retail space available for lease on North Belt.
      2327 N Belt Hwy, St Joseph, MO 64506
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    • $23 SF/Yr
      1,204,870 SF

      Modern Office Space in St. Joseph

      Premier office campus with customizable floor plans and ample parking.
      4802 Mitchell Ave, St Joseph, MO 64507
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    • $1,500 /Mo
      8,120 SF

      St Joseph Office Space For Rent

      Lower-level office space on corner lot, excellent visibility.
      2401 Frederick Ave, St Joseph, MO 64506
      View Details
    • $1.00 SF/Yr
      69,696 SF

      Renovated Industrial Space Available

      Prime industrial space suitable for a variety of uses.
      202 Main St, St Joseph, MO 64501
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    • $17 SF/Yr
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      Modern Office Space For Lease

      Newly constructed office space available in St Joseph, Missouri.
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      View Details

    FAQs

    What type of property is this?
    Office building - Office building for rent with renovation and value-add potential.
    Where is this office building located?
    The property is located at 2400 Frederick Ave Saint Joseph, MO.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - Potential value after renovation $900k - $1.3M (15-19% Cap Rate); - Potential NOI of $200k-$300k; - Market lease rate $11-$18
    (913) 562-7187
    Request Owner's contact information
    2400 Frederick Ave Saint Joseph, MO 64506
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    Saint Joseph, MO 64506
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    Realmo Value Estimation

    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.

    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.

    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
    2400 Frederick Ave Saint Joseph, MO 64506
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