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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

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
More about this property
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