Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2607 Ashmat Lane St Joseph, MO 64506

    View on Map
    Claim this Listing
    For Sale
    $34,900

    LAND - St Joseph, MO

    Lot size:
    0.09 Acres
    Added:
    Aug 1, 2025
    Days on Market:
    279
    Last Refresh:
    May 6 at 9:06 pm

    Property Features for 2607 Ashmat Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RP-2
    Standard status
    Active
    APN
    06-1.0-02-001-000-002.923
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Description
    02-57-35NE SUB:HIDDEN VALLEY PLAT 2 LOT:23 BLK: LGL DESC:TRACT C
    Tax Annual Amount
    580

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Travis Martin

    Listing agent Travis Martin License #2024002156

    Listing office BHHS Stein & Summers 801 Felix Street, St Joseph, MO

    Listing date Aug 1, 2025

    MLS# 2566762 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Double lot in the desirable Hidden Valley neighborhood.
    • HOA covers lawn care, snow removal, street maintenance, and lawn irrigation for a low‑maintenance lifestyle.
    • Convenient location near local shops, restaurants, and schools.
    • Easy access to I‑29 and 40 minutes from Kansas City International Airport.
    • Opportunity to build a custom home on an oversized lot.
    • Public water and sewer connections available.

    Overview

    Residential Land in Hidden Valley

    This property presents a rare opportunity to own a double lot, identified as 2607-2609 Ashmat Ln, within the Hidden Valley neighborhood of St. Joseph, MO. The 0.0924-acre lot is conveniently located near local shops, restaurants, and schools. Its location provides easy access to I-29, placing Kansas City International Airport approximately 40 minutes away. The property is located in a well-maintained community where the HOA provides lawn care, snow removal, street maintenance, and lawn irrigation. The property is zoned RP-2. This lot offers possibilities for building a custom home or investing in a growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.789867
    Latitude
    39.791441

    Nearby Similar for Sale

    • $975,000

      Industrial Property with Office Space

      M-2 zoned industrial property with warehouse, office, and mezzanine.
      5214 Lake Avenue, St Joseph, MO 64504
      View Details
    • $825,000

      Versatile Industrial Property, St Joseph

      Remodeled industrial space on 3.23 acres, M-2 zoning.
      5326 Lake Avenue, St Joseph, MO 64504
      View Details
    • $475,000

      Historic Mixed-Use St. Joseph Property

      Charming 1920s building with retail, office, and living spaces.
      1604 Frederick Avenue, St Joseph, MO 64501
      View Details
    • $750,000

      Frederick Avenue Commercial Land Opportunity

      Vacant land on Frederick Avenue suitable for development.
      Frederick Avenue, St Joseph, MO 64506
      View Details
    • $519,000

      Industrial Building with Office Space

      Well-maintained industrial building with office space in St Joseph.
      2302 Highly Street, St Joseph, MO 64506
      View Details
    • $439,000

      Well-Maintained Office Building For Sale

      One-owner office building with five offices, lab, and garage.
      2401 N Woodbine Road, St Joseph, MO 64506
      View Details
    • $825,000

      Office Building with Garages

      Office building with training areas, conference room, and multiple garages.
      401 N 12th Street, St Joseph, MO 64501
      View Details
    • $395,000

      Updated Commercial Property For Sale

      Updated commercial property with major system improvements and off-street parking.
      2702 Ashland Avenue, St Joseph, MO 64506
      View Details
    • $450,000

      Riverside Road Commercial Development Opportunity

      Prime commercial land for restaurant or retail development with high visibility.
      1305 S Riverside Road, St Joseph, MO 64507
      View Details
    • $2,750,000

      Medical Office Building For Sale

      Medical office building with expansion potential on 2.51 acres.
      3904 Beck Road, St Joseph, MO 64506
      View Details
    • $399,000

      Veterinary Clinic on Belt Highway

      2496 SF veterinary clinic on a large 0.7-acre lot.
      3111 N Belt Highway, St Joseph, MO 64506
      View Details
    • $600

      St Joseph Commercial Opportunity

      Commercial space ideal for retail, office, or business start-up.
      126 N 8th Street, St Joseph, MO 64501
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Double lot in desirable Hidden Valley neighborhood, St. Joseph, MO.
    Where is this residential land & home lot located?
    The property is located at 2607 Ashmat Lane St Joseph, MO.
    What is the asking price?
    The asking price for this property is $34,900.
    What are key features of this property?
    This property features: Double lot in the desirable Hidden Valley neighborhood.; HOA covers lawn care, snow removal, street maintenance, and lawn irrigation for a low‑maintenance lifestyle.; Convenient location near local shops, restaurants, and schools.
    (785) 472-1087
    We can help!
    Listing Contact
    Travis Martin
    Real Estate License ID: 2024002156
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2607 Ashmat Lane, St Joseph, MO 64506
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!