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    2402 Woodbine Rd Saint Joseph, MO 64506

    For Sale
    $1,570,000

    High-return office investment, 100% occupied.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity in St. Joseph, Missouri, presents a two-story, 10,000 square foot Class B office building situated on a 1.63-acre lot (APN: 061002002000002002). Currently 100% occupied by a multi-tenant lease with Keller Williams, this net lease property offers a compelling 8.00% cap rate at an asking price of $1,570,000. Built in 1992 and zoned C3, the property features convenient walk-out parking on both sides of the building, addressing 3915 Beck Road and 2402 N. Woodbine Road. The building boasts a modified lease structure and benefits from recent cosmetic repairs. A new inspection report is available upon request. This attractive and desirable property offers a stable income stream and significant potential for long-term growth. Financial details are available to qualified buyers upon execution of a confidentiality agreement.

    Property Features for 2402 Woodbine Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,000 SF
    Class
    B
    Lot Size
    71,003 SF

    Building Details

    Year Built
    1992
    Buildings
    1
    Stories
    2

    HighLights

    • 10,000 SF Class B office building on a 1.63‑acre lot in St. Joseph, MO (APN: 061002002000002002).
    • 100% occupied by multi‑tenant lease (including Keller Williams), offering an 8.00% cap rate.
    • Asking price: $1,570,000.
    • Built in 1992, zoned C3, with convenient walk‑out parking.
    • Features a modified lease structure and recent cosmetic repairs; new inspection report available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Preferred Title LLC Title Company Thompson and Associates, LLC Accounting Firm

    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
    -94.796937593498
    Latitude
    39.789406287536

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    FAQs

    What type of property is this?
    Office Property / Space - High-return office investment, 100% occupied.
    Where is this office property / space located?
    The property is located at 2402 Woodbine Rd Saint Joseph, MO.
    What is the asking price?
    The asking price for this property is $1,570,000.
    What are key features of this property?
    This property features: 10,000 SF Class B office building on a 1.63-acre lot in St. Joseph, MO (APN: 061002002000002002).; 100% occupied by multi-tenant lease (including Keller Williams), offering an 8.00% cap rate.; Asking price: $1,570,000.
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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
    2402 Woodbine Rd Saint Joseph, MO 64506
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