Storefront Property with Parking
New
For Sale
$275,000
6415 King Hill Avenue, St Joseph, MO 64504
The property is zoned CITY and includes an on-site parking lot.
Property Size1,464 SF
Days on Market4
Property Features for 6415 King Hill Avenue
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Business Opportunity
Zoning
CITY
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,234
Amenities
Parking Lot
Building Details
Building Size
1,464 SF
Stories
1
Listed By:
Cindy Hymes
(816) 244-8343
Source:
Evrealestate
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 11:44AM
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 Cindy Hymes
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property includes a parking lot and is zoned CITY.
Access is via Highway 29 to Hwy 229 East, exit 1D, followed by a left turn onto King Hill Ave; the property is on the left.
Access is via Highway 29 to Hwy 229 East, exit 1D, followed by a left turn onto King Hill Ave; the property is on the left.
Key Highlights
- On‑site parking lot
- Zoned CITY
- Access from Highway 29 via Hwy 229 East, exit 1D
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,813
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,260
$276.3K
Cap Rate 7%
$197,329
$197.3K
Cap Rate 9%
$153,478
$153.5K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$20.6K $14.04/SF
− Vacancy
−$822 −$0.56/SF
EGI
$19.7K $13.48/SF
− OpEx
−$5.9K −$4.04/SF
NOI
$13.8K $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 Rate 5%
$276,260
Cap Rate 7%
$197,329
Cap Rate 9%
$153,478
Alternative Uses
Best Use
Retail
$197.3K
$172.7K – $230.2K
NOI $13,813 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.7K
$386.5K – $515.3K
NOI $30,920 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64504, MO
10,033
Population
4,431
Households
2.3
Avg Household Size
41
Median Age
13%
College-Educated
83%
High-School Grad
47.0 sq mi
ZIP Area
213
Density / Sq Mi
$55,300
Median Household Income
$36,397
Median Earnings
$918
Median Rent
$115,100
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
Frequently Asked Questions
What type of property is this?
Storefront property - The property is zoned CITY and includes an on-site parking lot.
Where is this storefront property located?
The property is located at 6415 King Hill Avenue St Joseph, MO.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: On‑site parking lot; Zoned CITY; Access from Highway 29 via Hwy 229 East, exit 1D
