Large Industrial
For Sale
Contact for pricing
5607 Providence Hill Drive, Saint Joseph, MO 64503
Large-format industrial property with substantial commercial floor area.
Property Size50,000 SF
Price / SF$55.60
Days on Market47
Property Features for 5607 Providence Hill Drive
General Information
Standard status
Active
Size
50,000 SF
Property subtype
Industrial
Listing Agency:
Cushman & Wakefield - Kansas City, Missouri
(816) 221-2200
Listed By:
Alec Blackwell · License #MO 00037393
Source:
Crexi
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 12:03PM
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 Cushman & Wakefield - Kansas City, Missouri
Investment Insights
Based on property information with market context.
This industrial property encompasses 50,000 square feet of commercial space, providing a substantial footprint for industrial operations. The asset is located at 5607 Providence Hill Drive in Saint Joseph, Missouri 64503.
Key Highlights
- 50,000 square feet of industrial space
- Located at 5607 Providence Hill Drive, Saint Joseph, MO 64503
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
$203,704
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
7.33%
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%
$4,074,080
$4.1M
Cap Rate 7%
$2,910,057
$2.9M
Cap Rate 9%
$2,263,378
$2.3M
Market Conditions
NOI Build-Up for 50,000 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
$252.0K $5.04/SF
− Vacancy
−$12.3K −$0.25/SF
EGI
$239.7K $4.79/SF
− OpEx
−$35.9K −$0.72/SF
NOI
$203.7K $4.07/SF
Area
Buchanan County, MO
Vacancy
4.90%
Lease Rate
$5.04 /SF/Yr
Expense Ratio
15.00%
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%
$4,074,080
Cap Rate 7%
$2,910,057
Cap Rate 9%
$2,263,378
Alternative Uses
Best Use
Warehouse
$2.91M
$2.55M – $3.40M
NOI $203,704 @ 7.0% cap · market cap 7.33%
Second Best
Industrial
$2.40M
$2.10M – $2.80M
NOI $167,756 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$15.09M
$13.20M – $17.60M
NOI $1,056,000 @ 7.0% cap · market cap 37.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 64503, MO
12,127
Population
5,774
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
89%
High-School Grad
14.5 sq mi
ZIP Area
836
Density / Sq Mi
$53,351
Median Household Income
$35,439
Median Earnings
$926
Median Rent
$133,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Large-format industrial property with substantial commercial floor area.
Where is this industrial property located?
The property is located at 5607 Providence Hill Drive Saint Joseph, MO.
What is the asking price?
The asking price for this property is $2,780,000.
What are key features of this property?
This property features: 50,000 square feet of industrial space; Located at 5607 Providence Hill Drive, Saint Joseph, MO 64503
