Corner Storefront with Display
For Sale
$295,000
522 Felix Street, St Joseph, MO 64501
Commercial Sale, St Joseph, MO
Property Size2,762 SF
Lot Size0.07 Acres
Price / SF$106.81
Days on Market55
Property Features for 522 Felix Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
P-1
Parking features
On Street
Exterior features
Display Window
Directions
From Faraon Street, turn left onto North 6th Street and then turn right onto Felix Street.
Subdivision
1132 - Buchanan Co NW-N=Co Line;S=I-36;E=I-29;W=M
Standard status
Active
APN
06-3.0-08-003-002-001.000
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
SUB:ORIGINAL TOWN LOT:7 BLK:60 LGL DESC:E 25' OF LOT 7, 8 & 9
Tax Annual Amount
1491
Legal Description
SUB:ORIGINAL TOWN LOT:7 BLK:60 LGL DESC:E 25' OF LOT 7, 8 & 9
Building Details
Year built
1900
Floors in Building
1
Listing Agency:
BHHS Stein & Summers Real Estate · Berkshire Hathaway HomeServices
(816) 232-2000
Listed By:
Adam Stein · License #BR00233131
(816) 248-6821
Added: Jul 30
Changed: Sep 5
Last Checked: Sep 22 at 5:06AM
MLS# 2634480
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.
Investment Insights
Based on property information with market context.
This storefront property at 522 Felix Street offers approximately 2,762 square feet of open commercial space for a custom buildout. The building dates to 1900 and includes large display windows along the front, while the roof is approximately 5 years old. P-1 zoning applies to the property.
Positioned on a corner lot in Downtown St Joseph, the property benefits from its corner placement and street-facing window exposure. On-street parking is available, and the site is located in Buchanan County, Missouri.
Positioned on a corner lot in Downtown St Joseph, the property benefits from its corner placement and street-facing window exposure. On-street parking is available, and the site is located in Buchanan County, Missouri.
Key Highlights
- Approximately 2,762 SF of open commercial space
- P‑1 zoning
- Corner‑lot position in Downtown St Joseph
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,059
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,180
$521.2K
Cap Rate 7%
$372,271
$372.3K
Cap Rate 9%
$289,544
$289.5K
Market Conditions
NOI Build-Up for 2,762 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.8K $14.04/SF
− Vacancy
−$1.6K −$0.56/SF
EGI
$37.2K $13.48/SF
− OpEx
−$11.2K −$4.04/SF
NOI
$26.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,180
Cap Rate 7%
$372,271
Cap Rate 9%
$289,544
Alternative Uses
Best Use
Retail
$372.3K
$325.7K – $434.3K
NOI $26,059 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$833.3K
$729.2K – $972.2K
NOI $58,333 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
Taco Bell
Dining
8,236 visits/mo
0.3 miles
Cenex
Shops & Services
4,346 visits/mo
0.2 miles
Commerce Bank
Shops & Services
1,765 visits/mo
0.1 miles
Krispy Krunchy Chicken
Dining
789 visits/mo
0.2 miles
CubeSmart Self Storage
Shops & Services
439 visits/mo
0.3 miles
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial space with P-1 zoning and a layout suited to custom buildout.
Where is this storefront property located?
The property is located at 522 Felix Street St Joseph, MO.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 2,762 SF of open commercial space; P‑1 zoning; Corner‑lot position in Downtown St Joseph
