Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    St. Joseph Avenue Retail/Office Space Title is generated by Realmo AI

    1515 St Joseph Ave, St Joseph, MO 64505

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    8500 SF retail or office space available for lease.

    Type:Retail
    Property size:
    8,500 SF
    Added:
    Sep 24, 2021
    Days on Market:
    1702
    Last Refresh:
    May 12 at 8:55 pm

    Property Features for 1515 St Joseph Ave

    General Information

    Standard status
    Active
    Size
    8,500 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 1515 St Joseph Ave Contact us

    Available Space 1 $10/Mo

    Size
    8,500 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Raymond Sisson

    Listing agent Raymond Sisson

    Listing office BHHS Stein & Summers

    Listing date Sep 24, 2021

    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

    • Approximately 8500 SF available, suitable for retail or office use.
    • Can be divided into 3 separate spaces or leased as a whole.
    • Favorable lease rate: $10/SF plus expenses for the entire space, or $12/SF plus expenses for individual spaces.
    • Option to add a drive‑thru to the south end of the building.
    • Previously used as medical offices, potentially suitable for similar businesses.
    • Located on St. Joseph Ave at Middleton St.

    Overview

    Approximately 8500 square feet of retail or office space is available for lease on St. Joseph Avenue at Middleton Street. The space was last used as medical offices. It can be divided into 3 spaces for lease at $12 per square foot plus expenses, or the entire 8500 square feet can be leased for $10 per square foot plus expenses. A drive-thru could be added to the south end of the building. The space will be available starting February 1, 2022.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Twin Pines Veterinary Clinic: Fletcher Amanda DVM — 20994 State Hwy K, St Joseph, MO 64505
    • Twin Pines Animal Clinic — 20994 State Hwy K, St Joseph, MO 64505
    • SERAD Sonia DVM — 20994 State Hwy K, St Joseph, MO 64505

    Map

    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8455
    Latitude
    39.8139

    Nearby Similar for Lease

    • $12 SF/Yr
      3,500 SF

      St Joseph Commercial Office Building

      Well-maintained 3,500 SF single-tenant office building for lease.
      1702 Buckingham Street, St Joseph, MO 64506
      View Details
    • $13 SF/Yr
      1,148 SF

      Retail Space on South Belt

      Retail suite in strip center with ample parking.
      2911 B S Belt Highway, St Joseph, MO 64503
      View Details
    • $10 SF/Yr
      7,200 SF

      King Hill Plaza Retail Opportunity

      Retail, office, medical, and service spaces available for lease.
      7014 Kinghill Avenue, St Joseph, MO 64504
      View Details
    • $4 SF/Yr
      34,600 SF

      St. Joseph Industrial Facility

      34,600 SF industrial facility on 4.42 acres for lease.
      4811 Easton Road, St Joseph, MO 64503
      View Details
    • $12 SF/Yr
      1,940 SF

      Retail Space on North Belt

      1,940 SF retail space for lease on North Belt Highway.
      2327 N Belt Highway, St Joseph, MO 64506
      View Details
    • $16 SF/Yr
      5,100 SF

      Retail Space on North Belt

      Sublease opportunity in high-traffic St. Joseph location.
      2715 N Belt Highway, St Joseph, MO 64506
      View Details
    • $4,950/Mo

      Retail Space in St Joseph

      Retail property available for lease in St Joseph, Missouri.
      5901 NE Woodbine Road, St Joseph, MO 64505
      View Details
    • $20 SF/Yr
      2,350 SF

      Retail Space in St Joseph

      2350 SF inline retail space available for rent.
      4797 C Sienna Drive, St Joseph, MO 64506
      View Details
    • $1,250/Mo

      Downtown St. Joseph Corner Office

      Corner office space in downtown St. Joseph for rent.
      625 Francis Street, St Joseph, MO 64501
      View Details
    • $1,850/Mo

      Downtown St. Joseph Commercial Property

      Flexible commercial space in downtown St. Joseph for lease.
      621 Francis Street, St Joseph, MO 64501
      View Details
    • $130 SF/Yr

      Downtown St. Joseph Office Space

      Affordable private offices with shared conference rooms in downtown St. Joseph.
      224 N 7th Street, St Joseph, MO 64501
      View Details
    • $500/Mo
      800 SF

      Downtown St. Joseph Office Space

      Prime commercial office space in thriving downtown St. Joseph.
      216 1/2 N 7th Street, St Joseph, MO 64501
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 8500 SF retail or office space available for lease.
    Where is this medical office space located?
    The property is located at 1515 St Joseph Ave St Joseph, MO.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Approximately **8500 SF available**, suitable for retail or office use.; Can be divided into 3 separate spaces or leased as a whole.; Favorable lease rate: $10/SF plus expenses for the entire space, or $12/SF plus expenses for individual spaces.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Raymond Sisson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1515 St Joseph Ave, St Joseph, MO 64505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!