Building Details

Year Built 1974

Buildings 1

Building Size 3,480 SF

Listing Agency: BHHS Stein & Summers Real Estate

Listed By: Adam Stein · License #BR00233131 Show Phone

Source: Legendaryapartmentbrokers

Added: Oct 8 Changed: Nov 1 Last Checked: Nov 1 at 1:29AM

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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 Real Estate

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Investment Insights

Based on property information with market context.

This 3,480-square-foot warehouse property includes a front reception area, private office, kitchenette and breakroom, and warehouse space. Clear heights range from approximately 8'9" to 12'. Two drive-in doors serve the building, with one positioned near a loading platform.

The 0.26-acre site is at 5914 N Belt Highway in St Joseph, Missouri. Built in 1974, the property has received roof repairs and sealing, interior painting, a kitchenette addition, two new overhead doors, two passage doors, and landscaping work.

Key Highlights

• 3,480‑square‑foot building on 0.26± acres
• Warehouse clear heights range from approximately 8'9" to 12'
• Front reception area, private office, kitchenette and breakroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,178

Cap Rate

3.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$283,560 $283.6K

Cap Rate 7%

$202,543 $202.5K

Cap Rate 9%

$157,533 $157.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,480 SF

Gross rent

$17.5K $5.04/SF

− Vacancy

−$859 −$0.25/SF

EGI

$16.7K $4.79/SF

− OpEx

−$2.5K −$0.72/SF

NOI

$14.2K $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 Rate 5%

$283,560

Cap Rate 7%

$202,543

Cap Rate 9%

$157,533

Alternative Uses

Best Use

Warehouse

$202.5K

$177.2K – $236.3K (±1% cap)

NOI $14,178 @ 7.0% cap · market cap 3.34%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.05M

$918.7K – $1.22M (±1% cap)

NOI $73,498 @ 7.0% cap · market cap 17.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Culligan Water Conditioning ... Home Appliance Store

Suggested Use

Top Pick Law Firm HVAC Service Real Estate Agency Kitchen & Bath Showroom Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft

Clear height

2

Drive-in doors

Location Intelligence

Trade Area within ½ mile

262

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 64506, MO

22,828

Population

9,820

Households

2.3

Avg Household Size

42

Median Age

33%

College-Educated

91%

High-School Grad

10.0 sq mi

ZIP Area

2,283

Density / Sq Mi

$61,713

Median Household Income

$38,832

Median Earnings

$908

Median Rent

$220,500

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Office and warehouse areas are complemented by two drive-in doors and a loading platform.

Where is this warehouse located?

The property is located at 5914 N Belt Highway St Joseph, MO.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 3,480‑square‑foot building on 0.26± acres; Warehouse clear heights range from approximately 8'9" to 12'; Front reception area, private office, kitchenette and breakroom