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    3603 Frederick Ave Saint Joseph, MO 64506

    Sponsored
    For Sale
    $1,425,000

    Multi-Tenant Value-Add Opportunity

    Property size:
    27,225 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional value-add retail investment property, located at 3603 Frederick Ave in St. Joseph, Missouri (zip code 64506), offers a compelling opportunity. The property consists of three buildings totaling 27,225 square feet on a 1.32-acre lot, zoned C-3. Currently boasting 67% occupancy with two tenants, the property features a net lease structure with approximately three years remaining on existing leases (expiring January 31, 2026). The asking price is $1,425,000, representing a price per square foot of $52.34 and a 7.02% cap rate, with a current NOI of $100,000. The main level comprises 23,085 square feet, with an additional 4,140 square feet of lower-level space accessible at grade level in two connected buildings on the west side. The east side building offers 13,400 square feet with high ceilings and a sprinkler system. Convenient features include a dock, overhead door off 36th Street, and a freight elevator. This property presents a strong value-add opportunity in a prime location near the intersection of Belt Highway and Frederick Avenue. The buildings are two stories.

    Property Features for 3603 Frederick Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    27,225 SF
    Lot Size
    57,499 SF

    Building Details

    Buildings
    3
    Stories
    2

    HighLights

    • Located near the intersection of Belt Highway and Frederick Avenue in St. Joseph, MO.
    • 27,225 square feet total; 23,085 square feet on the main level.
    • Features a dock, overhead door on 36th Street, and freight elevator.
    • Three‑building retail property on a 1.32‑acre lot, C‑3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freedom Church Religious Institution

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.805819
    Latitude
    39.777543

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    FAQs

    What type of property is this?
    Individual retail property - Multi-Tenant Value-Add Opportunity
    Where is this individual retail property located?
    The property is located at 3603 Frederick Ave Saint Joseph, MO.
    What is the asking price?
    The asking price for this property is $1,425,000.
    What are key features of this property?
    This property features: Located near the intersection of Belt Highway and Frederick Avenue in St. Joseph, MO.; 27,225 square feet total; 23,085 square feet on the main level.; Features a dock, overhead door on 36th Street, and freight elevator.
    (816) 390-7478
    Request Owner's contact information
    3603 Frederick Ave Saint Joseph, MO 64506
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    Saint Joseph, MO 64506
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    Realmo Value Estimation

    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.

    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.

    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
    3603 Frederick Ave Saint Joseph, MO 64506
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