Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    523 S 6th St Saint Joseph, MO 64501

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial corner lot near downtown St. Joseph, ready for development.

    Type:Land
    Added:
    Aug 1, 2024
    Days on Market:
    623
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 523 S 6th St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Don Evans

    Listing agent Don Evans License #MO/KS 20011008628

    Listing office Evans Realty LLC

    Listing date Aug 1, 2024

    Source Crexi

    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 Evans Realty LLC

    Overview

    Commercial Corner Lot in St. Joseph

    This commercial corner lot is located a few blocks from downtown St. Joseph. Electrical and sewer services are already on site. The property is suitable for a new business, retail space, or office building, with potential for future expansion. The location offers opportunities to participate in the downtown area's growth and development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8526694
    Latitude
    39.7627175

    Nearby Similar for Sale

    • Contact for pricing

      St. Joseph Ambulatory Surgery Center

      Medicare-approved surgery center in St. Joseph's commercial district.
      2111 N Woodbine Rd, Saint Joseph, MO 64506
      View Details
    • $930,728
      1,500 SF

      St. Joseph Oil Changers Investment

      NNN leased Oil Changers with corporate guarantee for sale.
      3717 Sherman Ave, Saint Joseph, MO
      View Details
    • Contact for pricing
      9,000 SF

      Medical Office Owner-User Opportunity

      Medicare approved ambulatory surgery center ideal for medical office.
      2111 N Woodbine Rd, Saint Joseph, MO
      View Details
    • $895,000
      6,352 SF

      Renovated Apartment Building Near University

      Fully renovated 12-unit apartment building near Missouri Western State University.
      1302 Faraon St, Saint Joseph, MO 64501
      View Details
    • $569,000

      Historic Boteler Flats Value-Add Apartment

      Value-add 12-unit apartment building on Museum Hill in St. Joe.
      115 S 13th St, Saint Joseph, MO 64501
      View Details
    • $1,729,332

      31.76 Acres Riverfront Land

      31.76 acres of land with immediate I-229 access.
      2304 Waterworks Rd, Saint Joseph, MO
      View Details
    • Contact for pricing

      1.35 Acre Infill Opportunity

      1.35 acres with high visibility and traffic count.
      3137 Karnes Rd, Saint Joseph, MO
      View Details
    • $850,000

      Prime Commercial Outparcel Near Walmart

      0.98-acre commercial outparcel in St. Joseph, Missouri.
      3302 S Belt Hwy, Saint Joseph, MO 64503
      View Details
    • $1,550,000
      10,000 SF

      St. Joseph Office Building For Sale

      Two-story office building in St. Joseph, MO, fully leased.
      2402 N Woodbine Rd, Saint Joseph, MO 64506
      View Details
    • $186,000

      Commercial Land Near North Shoppes

      Commercial land ready for construction near established businesses.
      5421 N Pointe (Lot 2B) Road, Saint Joseph, MO 64506
      View Details
    • $285,000

      Commercial Land Near Shopping Center

      Commercial land ready for construction near established retail area.
      N Pointe Rd, St Joseph, MO 64506
      View Details
    • Contact for pricing

      Land in Expanding Shepherd Area

      Land with endless possibilities in Shepherd area near Cleveland & Coldspring.
      0 US-59, Country Club, TX 64505
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial corner lot near downtown St. Joseph, ready for development.
    Where is this commercial land located?
    The property is located at 523 S 6th St Saint Joseph, MO.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Prime commercial corner lot.; Electrical and sewer already on site.; Located a few blocks from downtown St. Joseph.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Don Evans
    Real Estate License ID: MO/KS 20011008628
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!