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    & Mitchell Belt Hwy Saint Joseph, MO 64507

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    For Lease
    Contact for pricing

    High-traffic retail space, multiple units.

    Lot size:
    7,300 SF

    Property Features for & Mitchell Belt Hwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,300 SF
    Total Rate
    4866.67

    Spaces For Lease

    at & Mitchell Belt Hwy, Saint Joseph, MO 64507 Contact us
    Unit Suite 7

    $8 /Mo

    Size
    3,500 SF
    Contact us
    Unit Suite 3

    $8 /Mo

    Size
    3,800 SF
    Contact us

    We can help!

    Listing Contact
    Cas Patykiewicz
    Cas Patykiewicz

    Listing Agency: The R.H. Johnson Company Listing Agent: Cas Patykiewicz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    The Belt Shopping Center offers exceptional retail opportunities in Buchanan County. This 7,300 square foot center is currently 100% vacant, presenting a unique chance for multiple tenants or a single large occupant. The property is ideally suited for businesses seeking high visibility and convenient access. Two spaces are immediately available, with a minimum divisible space of 3,500 square feet and a maximum contiguous space of 3,800 square feet. The center boasts a strong anchor tenant lineup, including Westlake Ace Hardware, Planet Fitness, and Dollar General, ensuring high foot traffic and a robust customer base. This established location provides immediate access to a dense population and benefits from the existing synergy created by these well-known national brands. The property's prime location within a busy shopping area guarantees excellent exposure and a steady stream of potential customers. This is an exceptional opportunity for businesses looking to establish a strong presence in a thriving retail environment. The entire 7,300 square feet is available for lease, offering flexibility for businesses of various sizes and needs. Contact us today to learn more about this exciting opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8036968
    Latitude
    39.7552395

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, multiple units.
    Where is this retail property located?
    The property is located at & Mitchell Belt Hwy Saint Joseph, MO.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 7,300 SF retail building available in Buchanan County.; Multiple tenant spaces available, ranging from 3,500 to 3,800 contiguous square feet.; Entire 7,300 SF building is currently vacant.
    (816) 561-5111 Call to check price and availability
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    & Mitchell Belt Hwy Saint Joseph, MO 64507
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    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
    & Mitchell Belt Hwy Saint Joseph, MO 64507
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    Contact for Pricing
    Please call us for current price
    and status of this listing Cas Patykiewicz
    Cas Patykiewicz
    (816) 561-5111 (816) 268-2468
    Learn more
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