Corner Storefront
For Sale
Contact for pricing
522 Felix Street, Saint Joseph, MO 64501
Open commercial space with large front display windows, P-1 zoning, and a layout prepared for custom buildout.
Property Size2,762 SF
Price / SF$106.81
Days on Market27
Property Features for 522 Felix Street
General Information
Standard status
Active
Size
2,762 SF
Property subtype
Retail
Zoning
P-1
Additional Details
Corner Location
Yes
Building Details
Year Built
1900
Buildings
1
Stories
1
Units
1
Listing Agency:
BHHS Stein & Summers
(816) 232-2000
Listed By:
Adam Stein · License #BR00233131
Source:
Crexi
Added: Jul 16
Changed: Aug 10
Last Checked: Aug 10 at 8:33AM
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 BHHS Stein & Summers
Investment Insights
Based on property information with market context.
This storefront property offers approximately 2,762 SF of open commercial space within a building constructed in 1900. The interior is arranged for a custom buildout, while large display windows span the front and bring the corner setting into the property's street presence. The roof is approximately 5 years old.
Located at 522 Felix Street in Downtown Saint Joseph, the property carries P-1 zoning and occupies a corner location with frontage along the surrounding downtown streets. Its open configuration and prominent window line provide a straightforward starting point for a tailored retail or commercial interior.
Located at 522 Felix Street in Downtown Saint Joseph, the property carries P-1 zoning and occupies a corner location with frontage along the surrounding downtown streets. Its open configuration and prominent window line provide a straightforward starting point for a tailored retail or commercial interior.
Key Highlights
- Approximately 2,762 SF of open commercial space
- Corner location in Downtown Saint Joseph
- Large display windows across the front
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
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial space with large front display windows, P-1 zoning, and a layout prepared for custom buildout.
Where is this storefront property located?
The property is located at 522 Felix Street Saint 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; Corner location in Downtown Saint Joseph; Large display windows across the front
