Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    9.38 Acres Investment Opportunity Title is generated by Realmo AI

    5917 Corporate Drive, St Joseph, MO 64507

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

    9.38 acres of commercial land with highway access.

    Type:Land, Retail
    Lot size:
    9.38 Acres
    Added:
    Aug 21, 2023
    Days on Market:
    1007
    Last Refresh:
    May 12 at 8:22 pm

    Property Features for 5917 Corporate Drive

    General Information

    Standard status
    Active
    Lot size
    9.38 Acres
    Property subtype
    Land, Retail

    We can help!

    Listing Contact
    Adam Stein

    Listing agent Adam Stein

    Listing office BHHS Stein & Summers

    Listing date Aug 21, 2023

    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

    • 9.38 acres of land
    • Excellent investment opportunity
    • Highway access from Highway 36
    • Can be split into multiple lots
    • Entire property can be sold

    Overview

    This property presents an excellent investment opportunity, featuring 9.38 acres of commercial land. The property offers the possibility of being sold in its entirety or divided into multiple lots. It benefits from highway access via Highway 36.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Gym & Fitness Center Department Store Skin Care Clinic Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.7522992
    Latitude
    39.7494782

    Nearby Similar for Sale

    • $975,000
      14,400 SF

      Industrial Property with Office Space

      M-2 zoned industrial property with warehouse, office, and mezzanine.
      5214 Lake Avenue, St Joseph, MO 64504
      View Details
    • $519,000
      14,230 SF

      Versatile Industrial Building with Office

      Well-maintained industrial building with office space and modern amenities.
      2302 Highly Street, St Joseph, MO 64506
      View Details
    • $439,000
      2,390 SF

      Well-Maintained Office Building For Sale

      One-owner office building with five offices, lab, and garage.
      2401 N Woodbine Road, St Joseph, MO 64506
      View Details
    • $2,750,000
      10,012 SF

      Medical Office Building For Sale

      Medical office building with expansion potential on 2.51 acres.
      3904 Beck Road, St Joseph, MO 64506
      View Details
    • $825,000
      20,000 SF

      Versatile Industrial Property, St Joseph

      Remodeled industrial space on 3.23 acres, M-2 zoning.
      5326 Lake Avenue, St Joseph, MO 64504
      View Details
    • $600,000

      Prime Commercial Development Opportunity

      7.31+/- acre commercial land in a thriving corridor.
      3910 3926 Faraon Street, St Joseph, MO 64506
      View Details
    • $475,000

      Historic Mixed-Use St. Joseph Property

      Charming 1920s building with retail, office, and living spaces.
      1604 Frederick Avenue, St Joseph, MO 64501
      View Details
    • $750,000

      Frederick Avenue Commercial Land Opportunity

      Vacant land on Frederick Avenue suitable for development.
      Frederick Avenue, St Joseph, MO 64506
      View Details
    • $825,000

      Office Building with Garages

      Office building with training areas, conference room, and multiple garages.
      401 N 12th Street, St Joseph, MO 64501
      View Details
    • $395,000

      Updated Commercial Property For Sale

      Updated commercial property with major system improvements and off-street parking.
      2702 Ashland Avenue, St Joseph, MO 64506
      View Details
    • $450,000

      Riverside Road Commercial Development Opportunity

      Prime commercial land for restaurant or retail development with high visibility.
      1305 S Riverside Road, St Joseph, MO 64507
      View Details
    • $399,000
      17,000 SF

      Frederick Avenue Commercial Building

      17,000 sq ft commercial building on Frederick Avenue.
      1801 Frederick Avenue, St Joseph, MO 64501
      View Details

    FAQs

    What type of property is this?
    Commercial land - 9.38 acres of commercial land with highway access.
    Where is this commercial land located?
    The property is located at 5917 Corporate Drive St Joseph, MO.
    What is the asking price?
    The asking price for this property is $1,325,000.
    What are key features of this property?
    This property features: 9.38 acres of land; Excellent investment opportunity; Highway access from Highway 36
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Adam Stein
    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
    5917 Corporate Drive, St. Joseph, MO 64507
    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!