Building Details

Year Built 1970

Listing Agency: BHHS Stein & Summers Real Estate Show Phone

Listed By: Adam Stein · License #BR00233131 Show Phone

Source: Exitrealty

Added: Dec 17, 2024 Changed: Oct 6 Last Checked: Oct 5 at 4:15PM

Report an Issue

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 Real Estate

Investment Insights

Based on property information with market context.

This warehouse property at 624 S 7th Street in St Joseph, Missouri, provides 5,000 square feet of commercial space with two dock doors and a 12-foot clear height. Built in 1970, the building offers a straightforward configuration for warehouse and other commercial applications supported by its C-3 zoning.

The property is positioned for convenient access to major highways and local amenities. Its location combines warehouse functionality with access considerations relevant to commercial users seeking space in St Joseph. The existing dock service, clear height, and documented building size provide a practical physical profile for evaluating the asset.

Key Highlights

• 5,000‑square‑foot warehouse building
• Two dock doors for loading access
• 12‑foot warehouse clear height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,370

Cap Rate

9.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$407,400 $407.4K

Cap Rate 7%

$291,000 $291.0K

Cap Rate 9%

$226,333 $226.3K

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$25.2K $5.04/SF

− Vacancy

−$1.2K −$0.25/SF

EGI

$24.0K $4.79/SF

− OpEx

−$3.6K −$0.72/SF

NOI

$20.4K $4.07/SF

Area

Buchanan County, MO

Vacancy

4.90%

Lease Rate

$5.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$407,400

Cap Rate 7%

$291,000

Cap Rate 9%

$226,333

Alternative Uses

Best Use

Warehouse

$291.0K

$254.6K – $339.5K (±1% cap)

NOI $20,370 @ 7.0% cap · market cap 9.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,600 @ 7.0% cap · market cap 46.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Applied Industrial Technologies Factory Royal Packaging office Corporate Office

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Parking Lot & Garage Storage Facility Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft

Clear height

2

Dock-high doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

984

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Insulated Warehouse with Loft

1704 Center Street, St Joseph, MO 64503

$395,000

0.17 Acres

View details

Flex Building with Drive-In Doors

5914 N Belt Highway, St Joseph, MO 64506

$425,000

0.26 Acres

View details

Three-Story Flex Building

305 S 8th Street, St Joseph, MO 64501

$449,900

0.35 Acres

View details

Warehouse Property with Flexible Clear Heights

904 S 22nd Street, St Joseph, MO 64507

$799,000

0.76 Acres

View details

Mixed-Use Building with Elevator

1802 Olive Street, St Joseph, MO 64507

$45,000

0.06 Acres

View details

Office Building with Conference Room

3715 A Beck Road, St Joseph, MO 64506

$695,000

0.14 Acres

View details

Corner Storefront With Parking

520 S 8th Street, St Joseph, MO 64501

$89,000

View details

Automotive Service Building with Shop Space

1726 Colhoun Street, St Joseph, MO 64501

$375,000

0.16 Acres

View details

Operating Childcare Center and Real Estate

3712 Pacific Street, St Joseph, MO 64507

$1,100,000

View details

Corner Storefront with Display Windows

522 Felix Street, St Joseph, MO 64501

$295,000

0.07 Acres

View details

Retail Storefront with Large Windows

2605 St Joseph Avenue, St Joseph, MO 64505

$475,000

0.73 Acres

View details

Office Building Leased to GSA

3715 Beck Rd, St Joseph, MO 64506

$439,000

7,912 SF

View details

Similar Off Market Nearby

• CubeSmart Self Storage — 402 S 5th St, St Joseph, MO 64501

Frequently Asked Questions

What type of property is this?

Warehouse - C-3 zoning supports commercial use within a functional warehouse configuration.

Where is this warehouse located?

The property is located at 624 S 7th Street St Joseph, MO.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: 5,000‑square‑foot warehouse building; Two dock doors for loading access; 12‑foot warehouse clear height