Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in St Joseph Title is generated by Realmo AI

    Millstone Boulevard lot 22, St Joseph, MO 64505

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Millstone Boulevard lot 22, St Joseph, MO
    For Sale
    $55,000

    LAND - St Joseph, MO

    Lot size:
    0.46 Acres
    Added:
    Mar 30, 2023
    Days on Market:
    1159
    Last Refresh:
    May 31 at 6:06 pm

    Property Features for Millstone Boulevard lot 22

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    999999
    Lot size
    0.46 Acres

    Utilities

    Sewer type
    Private Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Stroud & Associates Team

    Listing agent Stroud & Associates Team

    Listing office Real Broker, LLC 7300 W 110th St Ste 700, Kansas City, MO

    Listing date Mar 30, 2023

    MLS# 2427850 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Perfect lot for building a dream home.
    • Larger lot size offers a country feel.
    • Conveniently located minutes from the North Shoppes.
    • Opportunity to build an energy‑efficient home with E‑Star Homes.
    • Served by Avenue City Schools.
    • Public water source available.

    Overview

    This 0.46-acre residential lot is located in St Joseph, Missouri. The property is situated minutes away from the North Shoppes, offering a country feel with convenient access to amenities. It is located within the Avenue City Schools district, making it suitable for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.784182
    Latitude
    39.853255

    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
    • $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
    • $750,000

      Frederick Avenue Commercial Land Opportunity

      Vacant land on Frederick Avenue suitable for development.
      Frederick 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
    • $119,900

      Mechanic Shop in High-Traffic Location

      Versatile commercial property ideal for automotive service or retail display.
      520 S 8th Street, St Joseph, MO 64501
      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
    • $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
    • $65,000

      St Joseph Commercial Opportunity

      Commercial building with bar fixtures and parking in St Joseph.
      1927 Olive Street, St Joseph, MO 64507
      View Details
    • $144,900
      1,248 SF

      Move-in Ready Office Space

      Well-maintained office space with modern amenities and ample parking.
      6303 King Hill Avenue, St Joseph, MO 64504
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot available for building a dream home.
    Where is this residential land & home lot located?
    The property is located at Millstone Boulevard lot 22 St Joseph, MO.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Perfect lot for building a dream home.; Larger lot size offers a country feel.; Conveniently located minutes from the North Shoppes.
    (816) 232-4111
    We can help!
    Listing Contact
    Stroud & Associates Team
    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
    Millstone Boulevard lot: 22, 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!