Frederick Avenue Commercial
For Sale
$475,000
1604 Frederick Avenue, St Joseph, MO 64501
Commercial property for sale on Frederick Avenue.
Property Size6,928 SF
Days on Market132
Property Features for 1604 Frederick Avenue
General Information
Standard status
Active
Size
6,928 SF
Property subtype
Business Opportunity
Zoning
C-3
Taxes and HOA fees
Annual Taxes
$2,006
Amenities
Storage
Covered, Garage, On Street, Parking Lot, Paved
Building Details
Building Size
6,928 SF
Year Built
1920
Stories
3
Listing Agency:
SCHAUP REALTY LLC
(816) 351-8795
Listed By:
MICHELLE SCHAUP
(816) 351-8795
Source:
Evrealestate
Added: Apr 3
Changed: Aug 9
Last Checked: Aug 11 at 6:49AM
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 SCHAUP REALTY LLC
Investment Insights
Based on property information with market context.
Located on Frederick Avenue, this commercial property is accessible from both the east and west via 16th Street. If approaching from the west on Frederick Avenue, turn south onto 16th Street. If approaching from downtown heading east on Frederick, turn right onto 16th Street. Parking is available on the left at 1604 Frederick Avenue. The property is located in Buchanan County.
Key Highlights
- Covered parking available.
- Garage parking for your convenience.
- On‑street parking provides additional options.
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
$23,244
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
4.89%
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%
$464,880
$464.9K
Cap Rate 7%
$332,057
$332.1K
Cap Rate 9%
$258,267
$258.3K
Market Conditions
NOI Build-Up for 6,928 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
$34.9K $5.04/SF
− Vacancy
−$1.7K −$0.25/SF
EGI
$33.2K $4.79/SF
− OpEx
−$10.0K −$1.44/SF
NOI
$23.2K $3.36/SF
Area
Buchanan County, MO
Vacancy
4.90%
Lease Rate
$5.04 /SF/Yr
Expense Ratio
30.00%
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%
$464,880
Cap Rate 7%
$332,057
Cap Rate 9%
$258,267
Alternative Uses
Best Use
Retail
$933.8K
$817.1K – $1.09M
NOI $65,365 @ 7.0% cap · market cap 13.76%
Second Best
Industrial
$332.1K
$290.6K – $387.4K
NOI $23,244 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,319 @ 7.0% cap · market cap 30.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Well-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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property for sale on Frederick Avenue.
Where is this auto shop located?
The property is located at 1604 Frederick Avenue St Joseph, MO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Covered parking available.; Garage parking for your convenience.; On‑street parking provides additional options.
