Gas Station with Parking
For Sale
$185,000
1317 Frederick Avenue, St Joseph, MO 64501
Mixed zoning and an on-site parking area are documented for this gas station property.
Property Size1,154 SF
Days on Market328
Property Features for 1317 Frederick Avenue
General Information
Standard status
Active
Size
1,154 SF
Zoning
Mixed
Taxes and HOA fees
Annual Taxes
$1,991
Amenities
Parking Lot
Building Details
Building Size
1,154 SF
Year Built
1999
Listed By:
Taylor Crouse
(816) 294-2537
Source:
Evrealestate
Added: Nov 11, 2025
Changed: Oct 4
Last Checked: Oct 4 at 1:54PM
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 Taylor Crouse
Investment Insights
Based on property information with market context.
This gas station property was built in 1999 and includes a parking lot. Its zoning is classified as mixed.
The property is on Frederick Avenue in St. Joseph, between 13th and 14th Streets, on the north side of the street. From I-29, access is via the Frederick Avenue exit, followed by a westbound drive to the property.
The property is on Frederick Avenue in St. Joseph, between 13th and 14th Streets, on the north side of the street. From I-29, access is via the Frederick Avenue exit, followed by a westbound drive to the property.
Key Highlights
- Gas station property built in 1999
- On‑site parking lot
- Mixed zoning
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
$11,726
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
6.34%
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%
$234,520
$234.5K
Cap Rate 7%
$167,514
$167.5K
Cap Rate 9%
$130,289
$130.3K
Market Conditions
NOI Build-Up for 1,154 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
$16.2K $14.04/SF
− Vacancy
−$567 −$0.49/SF
EGI
$15.6K $13.55/SF
− OpEx
−$3.9K −$3.39/SF
NOI
$11.7K $10.16/SF
Area
Buchanan County, MO
Vacancy
3.50%
Lease Rate
$14.04 /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%
$234,520
Cap Rate 7%
$167,514
Cap Rate 9%
$130,289
Alternative Uses
Best Use
Specialty Retail
$167.5K
$146.6K – $195.4K
NOI $11,726 @ 7.0% cap · market cap 6.34%
Second Best
Retail
$155.5K
$136.1K – $181.5K
NOI $10,888 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$348.2K
$304.7K – $406.2K
NOI $24,372 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Taco Bell
Dining
8,236 visits/mo
0.4 miles
Demographics for 64501, MO
11,020
Population
5,598
Households
2
Avg Household Size
36
Median Age
18%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
2,978
Density / Sq Mi
$41,615
Median Household Income
$29,276
Median Earnings
$823
Median Rent
$97,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Gas station - Mixed zoning and an on-site parking area are documented for this gas station property.
Where is this gas station located?
The property is located at 1317 Frederick Avenue St Joseph, MO.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Gas station property built in 1999; On‑site parking lot; Mixed zoning
