Multi-Suite Office
For Sale
Contact for pricing
1602 N Woodbine Road, St Joseph, MO 64506
The building can function as one office or be arranged as three separate suites.
Property Size9,420 SF
Lot Size1.43 Acres
Price / SF$0.00
Days on Market87
Property Features for 1602 N Woodbine Road
General Information
Standard status
Active
Size
9,420 SF
Lot size
1.43 Acres
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Year Built
1994
Buildings
1
Listing Agency:
BHHS Stein & Summers Real Estate
Listed By:
Adam Stein · License #BR00233131
(816) 232-2000
Source:
Legendaryapartmentbrokers
Added: Aug 7
Changed: Nov 1
Last Checked: Nov 1 at 1:28AM
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
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Investment Insights
Based on property information with market context.
Built in 1994, this 9,420-square-foot office property occupies approximately 1.43 acres and can be configured for one occupant or divided into three suites. The site fronts North Woodbine Road in St. Joseph, Missouri.
Key Highlights
- 9,420 SF office building on approximately 1.43 acres
- Can be used as one building or divided into three suites
- Frontage along North Woodbine Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,222
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,604,440
$2.6M
Cap Rate 7%
$1,860,314
$1.9M
Cap Rate 9%
$1,446,911
$1.4M
Market Conditions
NOI Build-Up for 9,420 SF
Gross rent
$217.0K $23.04/SF
− Vacancy
−$43.4K −$4.61/SF
EGI
$173.6K $18.43/SF
− OpEx
−$43.4K −$4.61/SF
NOI
$130.2K $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 Rate 5%
$2,604,440
Cap Rate 7%
$1,860,314
Cap Rate 9%
$1,446,911
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,222 @ 7.0% cap · market cap 930,157.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.84M
$2.49M – $3.32M
NOI $198,950 @ 7.0% cap · market cap 1,421,071.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,203
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The building can function as one office or be arranged as three separate suites.
Where is this office building located?
The property is located at 1602 N Woodbine Road St Joseph, MO.
What are key features of this property?
This property features: 9,420 SF office building on approximately 1.43 acres; Can be used as one building or divided into three suites; Frontage along North Woodbine Road
