Open-Plan Retail
For Sale
Contact for pricing
3225 N Belt Highway, St Joseph, MO 64506
Interior work is underway, with the walls and flooring scheduled for completion.
Property Size9,000 SF
Price / SF$0.00
Days on Market74
Property Features for 3225 N Belt Highway
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Other
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
dock height doors
Building Details
Year Built
1961
Listing Agency:
Keller Williams KC North
Listed By:
The Hamilton Group
(816) 452-4200
Source:
Legendaryapartmentbrokers
Added: Aug 21
Changed: Oct 29
Last Checked: Oct 29 at 2:32PM
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 Keller Williams KC North
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space offers approximately 9,000 square feet in a largely open configuration. Interior work is in progress, with the walls and floor to be completed. Access to two dock-height doors may be made available, and an additional 1,500+ square feet may also be offered.
The property has three entrances to the parking lot: two from Karnes Road and a larger entrance from N Belt Highway. I-29 is accessible from the site.
The property has three entrances to the parking lot: two from Karnes Road and a larger entrance from N Belt Highway. I-29 is accessible from the site.
Key Highlights
- Approximately 9000 square feet of retail space
- Additional 1500+ square feet may be available
- Three parking lot entrances: two from Karnes Rd and one large entrance from Belt Hwy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,914
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,698,280
$1.7M
Cap Rate 7%
$1,213,057
$1.2M
Cap Rate 9%
$943,489
$943.5K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$126.4K $14.04/SF
− Vacancy
−$5.1K −$0.56/SF
EGI
$121.3K $13.48/SF
− OpEx
−$36.4K −$4.04/SF
NOI
$84.9K $9.43/SF
Area
Buchanan County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,698,280
Cap Rate 7%
$1,213,057
Cap Rate 9%
$943,489
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.42M
NOI $84,914 @ 7.0% cap · market cap 566,093.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,080 @ 7.0% cap · market cap 1,267,200.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Interior work is underway, with the walls and flooring scheduled for completion.
Where is this retail space located?
The property is located at 3225 N Belt Highway St Joseph, MO.
What are key features of this property?
This property features: Approximately 9000 square feet of retail space; Additional 1500+ square feet may be available; Three parking lot entrances: two from Karnes Rd and one large entrance from Belt Hwy
