Office Suite with Conference
For Sale
Contact for pricing
518 Felix Street, St Joseph, MO 64501
The main-floor layout includes private offices, reception, a kitchen and break area, and two conference rooms.
Property Size5,400 SF
Price / SF$0.56
Days on Market69
Property Features for 518 Felix Street
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Office
Additional Details
Floor
Main Floor
Utilities to Site
Yes
Amenities
kitchen/break area
2 bathrooms
two conference rooms
wired for high speed internet
Listing Agency:
REECENICHOLS-IDE CAPITAL
(816) 233-5200
Listed By:
REBECCA GILES
(816) 262-8927
Source:
Legendaryapartmentbrokers
Added: Aug 26
Changed: Nov 1
Last Checked: Nov 1 at 3:19AM
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-IDE CAPITAL
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A main-floor office suite at 518 Felix Street includes several private offices, two conference rooms, a reception area, a kitchen and break area, and two bathrooms. The storefront has multiple display cases, and entry is secured by a locked door. The building is wired for high-speed internet.
The property is in downtown St. Joseph. A city parking lot sits behind the building, with additional parking available on the front and side streets. The owner covers water and trash; the tenant is responsible for electricity, gas, and other applicable utilities.
The property is in downtown St. Joseph. A city parking lot sits behind the building, with additional parking available on the front and side streets. The owner covers water and trash; the tenant is responsible for electricity, gas, and other applicable utilities.
Key Highlights
- Main‑floor office suite with several private offices and two conference rooms
- Reception area, kitchen and break area, and two bathrooms
- Storefront has several display cases and a locked entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,650
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,000
$1.5M
Cap Rate 7%
$1,066,429
$1.1M
Cap Rate 9%
$829,444
$829.4K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$124.4K $23.04/SF
− Vacancy
−$24.9K −$4.61/SF
EGI
$99.5K $18.43/SF
− OpEx
−$24.9K −$4.61/SF
NOI
$74.6K $13.82/SF
Area
Buchanan County, MO
Vacancy
20.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,493,000
Cap Rate 7%
$1,066,429
Cap Rate 9%
$829,444
Alternative Uses
Best Use
Office B
$1.07M
$933.1K – $1.24M
NOI $74,650 @ 7.0% cap · market cap 2,488.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,048 @ 7.0% cap · market cap 3,801.60%
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
Utilities to site
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The main-floor layout includes private offices, reception, a kitchen and break area, and two conference rooms.
Where is this office unit located?
The property is located at 518 Felix Street St Joseph, MO.
What are key features of this property?
This property features: Main‑floor office suite with several private offices and two conference rooms; Reception area, kitchen and break area, and two bathrooms; Storefront has several display cases and a locked entry
