Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    224 4Th St Saint Joseph, MO 64501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Historic building, 7,000 sq ft, prime location.

    Lot size:
    7,000 SF

    Property Features for 224 4Th St

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,000 SF

    Building Details

    Stories
    5

    Spaces For Lease

    at 224 4Th St, Saint Joseph, MO 64501 Contact us
    Unit

    $16 /Mo

    Size
    7,000 SF
    Contact us

    We can help!

    Listing Contact
    Adam Stein
    Adam Stein

    Listing Agency: BHHS Stein & Summers Listing Agent: Adam Stein

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

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located at 224 N 4th Street in the heart of St. Joseph, Missouri, presents a unique investment opportunity. The property is zoned CI and boasts a substantial lot size of 8,498 square feet. The building itself is a striking five-story structure, currently configured as a single-tenant restaurant space encompassing approximately 7,000 square feet. Its historic character is complemented by custom-crafted bar and restaurant equipment already in place, representing a significant value-add for a prospective buyer. The property's prime downtown location offers excellent visibility and accessibility, making it an ideal setting for a thriving culinary establishment. The property's single-tenant occupancy simplifies management and provides a stable income stream. The parcel number is 06-3.0-08-003-001-048.000. This is a rare chance to acquire a well-established restaurant space in a vibrant and historic Missouri city. The property's size and location make it suitable for a variety of restaurant concepts or potential redevelopment opportunities. Serious inquiries are encouraged.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brittain Richardson Lofts Apartment Building Boudreaux's Louisiana Seafood ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8558044
    Latitude
    39.7680314

    Nearby Similar for Lease

    • $1.00 SF/Yr
      69,696 SF

      Historic Sommer-Richardson Factory Building

      Multi-story industrial complex with flexible configuration options for lease.
      202 Main St, St Joseph, MO 64501
      View Details
    • $1,000 /Mo
      10,019 SF

      Commercial Space on South Belt

      Retail or office space with high visibility on South Belt.
      701C S Belt Hwy, St Joseph, MO 64507
      View Details
    • $130 SF/Yr
      7,405 SF

      Downtown St. Joseph Office Space

      Affordable private offices with shared conference rooms in downtown St. Joseph.
      224 N 7Th St, St Joseph, MO 64501
      View Details
    • $2,860 /Mo
      12,197 SF

      Retail and Warehouse Space Available

      Corner retail and warehouse space for lease in St. Joseph.
      716 S 8Th St, St Joseph, MO 64501
      View Details
    • $1,500 /Mo
      15,246 SF

      Downtown St. Joseph Commercial Building

      16,500 sq ft building perfect for office, event, or loft.
      305 S 8Th St, St Joseph, MO 64501
      View Details
    • $13 SF/Yr
      79,715 SF

      Retail Space on South Belt

      Retail suite in strip center with ample parking.
      2911 B Belt Hwy, St Joseph, MO 64503
      View Details
    • $3,500 /Mo
      24,394 SF

      St Joseph Commercial Metal Building

      Metal building with fenced yard, suitable for storage or workshop.
      701 S 8Th St, St Joseph, MO 64501
      View Details
    • $22 SF/Yr
      52,272 SF

      Retail Building To Be Built

      Retail building to be built in 2025, St Joseph, MO
      4604 Rochester Rd, St Joseph, MO 64506
      View Details
    • $1,000 /Mo
      10,019 SF

      Prime Commercial Space on Highway

      Commercial space suitable for retail, office, or service-oriented businesses.
      701A S Belt Hwy, St Joseph, MO 64507
      View Details
    • $19 SF/Yr
      27,443 SF

      St. Joseph Office Space Available

      Centrally located office space with ample parking and convenient access.
      1011 E Saint Maartens Dr, St Joseph, MO 64506
      View Details
    • New
      $10 SF/Yr
      284,011 SF

      King Hill Plaza Retail Opportunity

      Retail, office, medical, and service spaces available for lease.
      7014 King Hill Ave, St Joseph, MO 64504
      View Details
    • $4,600 /Mo
      Pending

      Frederick Avenue Retail Space Available

      9685 SF retail space on Frederick Ave, available 2025.
      3601 Frederick Ave, St Joseph, MO 64506
      View Details

    FAQs

    What type of property is this?
    Retail property - Historic building, 7,000 sq ft, prime location.
    Where is this retail property located?
    The property is located at 224 4Th St Saint Joseph, MO.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Newer roof (approx. 4 years old).; Fifth-floor potential for event space with city views.; Prime location near Buchanan County Courthouse and government offices.
    (816) 232-2000 Call to check price and availability
    Request Owner's contact information
    224 4Th St Saint Joseph, MO 64501
    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.
    224 4Th St
    Saint Joseph, MO 64501
    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
    224 4Th St Saint Joseph, MO 64501
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam Stein
    Adam Stein
    Real Estate License ID: BR00233131
    (816) 232-2000 (816) 248-6821 (314) 495-5006
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!