Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    435 Belt Hwy Saint Joseph, MO 64506

    • Lifestyle centers
    • 9,832 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Barnes Development Co / Construction Company / General Contractor

    Property Details for 435 Belt Hwy

    Year built
    1978
    Property size
    9,832 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents a 9,832 square foot, single-story shopping center located at 435 S Belt Hwy in St. Joseph, Missouri, zip code 64506. Built in 1978, the property sits on a 9,832 square foot lot and is zoned C-3, allowing for a variety of commercial uses. Currently operating as a multi-tenant retail space with 50% occupancy, this property offers significant upside potential. The asking price is $478,000. The existing leases are gross leases with a remaining term of two years. The property's prime location on a main highway ensures high visibility and foot traffic. This presents a unique opportunity for an investor seeking a well-located retail property with potential for expansion. The property is easily accessible and benefits from its established presence within the community. Consider the potential for increased occupancy and rental income. The property's size and zoning provide flexibility for a variety of retail uses. Further expansion opportunities may exist through packaging with an adjoining lot and/or other buildings within the plaza.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8034
    Latitude
    39.7636

    Comparable in this City

    • Value Estimation by Request
      18,168 SF

      3803 Hl Rdfox

      SHOPPING CENTER, STRIP CENTER • 18,168 SF
      3803 Hl Rdfox, Saint Joseph, MO 64506
      View Details
    • Value Estimation by Request
      3.50 Acres

      3502 Frederick Ave

      Office Properties & Spaces • 3.50 Acres
      3502 Frederick Ave, Saint Joseph, MO 64506
      View Details
    • Value Estimation by Request
      226,057 SF

      5201 Belt Hwy

      Individual retail properties • 226,057 SF
      5201 Belt Hwy, Saint Joseph, MO 64506
      View Details
    • Value Estimation by Request

      4720 Rochester Rd

      Retail properties
      4720 Rochester Rd, Saint Joseph, MO 64506
      View Details
    • Value Estimation by Request

      501-515 Belt Hwy

      Retail properties
      501-515 Belt Hwy, Saint Joseph, MO 64506
      View Details
    • Value Estimation by Request

      2202 Frederick Ave

      Office Properties & Spaces
      2202 Frederick Ave, Saint Joseph, MO 64506
      View Details

    Similar Nearby for Sale

    • $1,425,000
      27,225 SF

      Prime St. Joseph Retail Investment

      Multi-Tenant Value-Add Opportunity
      3603 Frederick Ave, Saint Joseph, MO 64506
      View Details
    • $443,000
      1.30 Acres

      St. Joseph Retail Investment Opportunity

      Prime Retail Space, 1.3 Acres, Missouri
      411-425 Belt Hwy, Saint Joseph, MO 64506
      View Details
    • $449,900

      High-Traffic Auto Shop in St. Joseph, MO

      Prime Retail Space, High Visibility, Great Lease/Buy Option
      2810 Belt Hwy, Saint Joseph, MO 64506
      View Details
    • $478,000

      Prime Retail Space, St. Joseph, MO

      High-traffic retail building, excellent investment.
      435-441 Belt Hwy, Saint Joseph, MO 64506
      View Details
    • Contact for pricing
      20.65 Acres

      Tuscany Village: Prime Retail Opportunity

      20-Acre Mixed-Use Development in St. Joseph, MO
      169 Hwy Hwy 169, Saint Joseph, MO 64506
      View Details
    • $5,000,000
      48,391 SF

      Frederick Ave Auto Dealership

      Prime St. Joseph, MO location. 7+ acres, 48K+ sq ft.
      3921 Frederick Ave, Saint Joseph, MO 64506
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      982 SF

      Historic Green Acres Office Suite

      982 sq ft, flexible lease options
      3500 Vlg Dr. Ste Gl10 St, Saint Joseph, MO 64506
      View Details
    • $22 SF/Yr
      10,800 SF

      Rochester Road Retail Center

      New 10,800 SF retail building, Missouri.
      4720 Rochester Rd, Saint Joseph, MO 64506
      View Details
    • $264 SF/Yr
      10,800 SF

      St. Joseph Retail Building Opportunity

      New 10,800 SF Retail Space, Prime Location
      4720 Rochester Rd, Saint Joseph, MO 64506
      View Details
    • $14 SF/Yr
      5,000 SF

      Historic St. Joseph Office Suite

      Move-in ready office, utilities included.
      3500 Village Dr, Saint Joseph, MO 64506
      View Details
    • $5 SF/Yr
      19,767 SF

      St. Joseph Warehouse Space Available

      8,657 SF Warehouse/Office Space in Missouri
      2202 Frederick Ave, Saint Joseph, MO 64506
      View Details
    • $120 SF/Yr
      1,042 SF

      Prime St. Joseph Office Space

      1,042 sq ft Office, Great Location
      2335 Belt Ste C Hwy, Saint Joseph, MO 64506
      View Details
    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.
    435 Belt Hwy
    Saint Joseph, MO 64506
    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

    Google sign-in failed. Please try again or use another login method.