Office Building Leased to
3715 Beck Rd, Saint Joseph, MO 64506
7,912 SF office building leased to Social Security Administration.
Type:Office
Property size:
7,912 SFPrice / SF:
$233/SF- Added:
- May 16, 2024
- Days on Market:
- 746
- Last Refresh:
- May 12 at 8:29 pm
Property Features for 3715 Beck Rd
General Information
- Standard status
- Active
- Size
- 7,912 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agent Raymond Sisson
Listing office BHHS Stein & Summers
Listing date May 16, 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 BHHS Stein & Summers
HighLights
- Leased to GSA with Social Security Administration tenant, providing stable income.
- 15‑year lease term commenced in September 2023, ensuring long‑term tenancy.
- 7,912 SF space suitable for the tenant's needs.
- Located in Woodlawn Village Office Condominiums, offering a park‑like setting.
- Conveniently situated off the Belt Hwy., with easy access to amenities.
- High traffic counts (21,850 AADT) on the nearby Belt Hwy, increasing visibility.
Overview
This 7,912 square foot office building, based on 7227 BOMA standards, is located within the Woodlawn Village Office Condominiums. The property is currently leased to the General Services Administration (GSA) with the Social Security Administration as the tenant. A 15-year lease commenced in September 2023. Situated just off the Belt Highway, the location provides convenient access to nearby amenities including a Price Chopper, banks, restaurants, and retail establishments, in addition to other office spaces. Traffic counts on the adjacent Belt Highway are approximately 21,850 AADT.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.3k | $23.04 |
| − Vacancy | −$36.5k | −$4.61 |
| EGI | $145.8k | $18.43 |
| − OpEx | −$36.5k | −$4.61 |
| NOI | $109.4k | $13.82 |
7,912 SF · lease $23.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.82M
NOI $109,375 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,101 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Barbara J. Despain, ...
Physician
Jere L. Loyd, ...
Law Firm
Thomas R Summers
Law Firm
Hershewe & Co PC
Tax Preparation
Federico Leopoldo Rivas-Gotz
Physician
Location Insight
- Map
- Local Demand
- City
- Saint Joseph
- County
- Buchanan
- State
- Missouri
- Longitude
- -94.8031031
- Latitude
- 39.7882912
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 7,912 SF office building leased to Social Security Administration.
Where is this office building located?
The property is located at 3715 Beck Rd Saint Joseph, MO.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Leased to GSA with Social Security Administration tenant, providing stable income.; 15‑year lease term commenced in September 2023, ensuring long‑term tenancy.; 7,912 SF space suitable for the tenant's needs.
