Warehouse with Office
New
For Sale
$395,000
1704 Center Street, St Joseph, MO 64503
A flexible warehouse configuration includes separate climate control for the warehouse and office areas.
Property Size4,200 SF
Price / SF$94.05
Days on Market2
Property Features for 1704 Center Street
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Commercial
Zoning
M-2
Warehouse & Industrial
Drive-In Doors
1
Conditioned Warehouse
Yes
Additional Details
Property Use
Warehouse
Amenities
security system
Building Details
Year Built
2000
Buildings
1
Stories
1
Building Size
4,200 SF
Listing Agency:
ReeceNichols-KCN
(816) 468-8555
Listed By:
Eric Craig Team
(816) 452-4200
Source:
Fishburnrealtyllc
Added: Oct 23
Last Checked: Oct 23 at 5:39PM
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 ReeceNichols-KCN
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Investment Insights
Based on property information with market context.
This M-2-zoned warehouse measures 60' x 70' and was built in 2000. Spray-foam insulation and two HVAC systems serve the warehouse and office areas. A loft above the offices adds storage or workspace, and a security system and forklift are included. The property was previously used for promotional advertising and printing.
One garage door is operational. A larger hangar door is sealed and spray-foamed; it could provide additional access if modified.
One garage door is operational. A larger hangar door is sealed and spray-foamed; it could provide additional access if modified.
Key Highlights
- 60' x 70' warehouse built in 2000
- M‑2 zoning
- Two HVAC systems serve the warehouse and office areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,111
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,220
$342.2K
Cap Rate 7%
$244,443
$244.4K
Cap Rate 9%
$190,122
$190.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$21.2K $5.04/SF
− Vacancy
−$1.0K −$0.25/SF
EGI
$20.1K $4.79/SF
− OpEx
−$3.0K −$0.72/SF
NOI
$17.1K $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%
$342,220
Cap Rate 7%
$244,443
Cap Rate 9%
$190,122
Alternative Uses
Best Use
Warehouse
$244.4K
$213.9K – $285.2K
NOI $17,111 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,704 @ 7.0% cap · market cap 22.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 64503, MO
12,127
Population
5,774
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
89%
High-School Grad
14.5 sq mi
ZIP Area
836
Density / Sq Mi
$53,351
Median Household Income
$35,439
Median Earnings
$926
Median Rent
$133,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Madget Storage — 2425 S 6th St, St Joseph, MO 64501
- U-Pack — 2416 s 10th st, st joseph, mo 64503
- Gage's Fertilizer & Grain. — 1901 S 6th St, St Joseph, MO 64501
Frequently Asked Questions
What type of property is this?
Warehouse - A flexible warehouse configuration includes separate climate control for the warehouse and office areas.
Where is this warehouse located?
The property is located at 1704 Center Street St Joseph, MO.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 60' x 70' warehouse built in 2000; M‑2 zoning; Two HVAC systems serve the warehouse and office areas
