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    Versatile Flex Space in St Joseph Title is generated by Realmo AI

    4402 S 40th Street, St Joseph, MO 64503

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    For Lease
    $7,000/Mo $10 SF/Yr (calc)

    COMMERCIAL - St Joseph, MO

    Property size:
    7,924 SF
    Lot size:
    1.31 Acres
    Added:
    May 22, 2026
    Days on Market:
    1
    Last Refresh:
    May 22 at 3:06 pm

    Property Features for 4402 S 40th Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    M-1
    Parking features
    Parking Lot
    Exterior features
    Building Sign
    Standard status
    Active
    APN
    06-7.0-26-003-000-002.001
    Size
    7,924 SF
    Lot size
    1.31 Acres

    Taxes and HOA fees

    Tax Description
    26-57-35SW SUB: LOT: BLK: LGL DESC:BEG NE COR SW4 TH S 537' W 31.82' TO POB TH S 200.09' W 285.14' N 200' E 288.81' TO POB
    Tax Annual Amount
    14144

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1990
    Floors in Building
    2

    We can help!

    Listing Contact
    Lonnie BASS

    Listing agent Lonnie BASS License #2013008975

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

    Listing date May 22, 2026

    MLS# 2621534

    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

    • 7,924 sq ft of versatile flex space suitable for office, service, or light industrial use.
    • Executive‑quality office finishes combined with a functional warehouse area.
    • Warehouse with 16‑18 ft clear height and a 14‑foot overhead door.
    • Private office with dedicated restroom overlooking the shop area.
    • M‑1 zoning.
    • Modified gross lease with taxes, insurance, and CAM included.

    Overview

    Suite A at 4402 S. 40th St. in St Joseph, MO, offers approximately 7,924 rentable square feet of versatile flex space. The suite combines executive-quality office finishes with a functional warehouse, suitable for a range of office, service, and light industrial uses. The layout includes multiple private offices, dedicated conference space, a kitchen with coffee bar, and multiple restrooms, enhanced by integrated security features. A private office with its own restroom overlooks the shop area. The warehouse area features 16-18 foot clear height and a 14-foot overhead door. Zoned M-1, the suite is offered on a modified gross lease, with taxes, insurance, and CAM included in the rent. Tenants are responsible for their share of utilities and any specialized trade fixtures. The property is situated on a 1.31-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tech Team Tech Support Center TrueVoIP Telecommunications Service

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Chaun's Catering — 3405 Pear St, St Joseph, MO 64503
    • Lil Pike's Street Eats and Catering — 4610 shawnee rd, st joseph, mo 64503

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.7969318
    Latitude
    39.7245632

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    FAQs

    What type of property is this?
    Flex space - High-performance flex space ideal for office, service, and light industrial.
    Where is this flex space located?
    The property is located at 4402 S 40th Street St Joseph, MO.
    What is the lease rate?
    The lease rate is $7,000 /Mo.
    What are key features of this property?
    This property features: 7,924 sq ft of versatile flex space suitable for office, service, or light industrial use.; Executive‑quality office finishes combined with a functional warehouse area.; Warehouse with **16‑18 ft clear height** and a **14‑foot overhead door.**
    (816) 232-2000
    We can help!
    Listing Contact
    Lonnie BASS
    Real Estate License ID: 2013008975
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    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.

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