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

    1307 6Th St Saint Joseph, MO 64501

    • Land
    • 1.25 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1307 6Th St

    Lot size
    1.25 lot acres
    Property type
    Land

    Description

    This 1.25-acre commercial land parcel, located at 1307 North 6th Street in St. Joseph, Missouri, presents a unique opportunity for retail development. Situated on the highly visible northeast corner of North 6th Street and Albemarle Street, this single-tenant property boasts a prominent location within a well-established business district. The lot size is 1.25 acres, offering ample space for a variety of commercial uses, including restaurants, fast food establishments, or healthcare facilities. Its strategic placement near the heart of St. Joseph's business district ensures high visibility and accessibility for potential customers. This property has a long history as a retail staple in the community, providing a strong foundation for future success. The property is zoned for commercial use within Buchanan County and offers excellent potential for growth and expansion. This is an exceptional chance to establish a thriving business in a prime location within a vibrant community. The property is ready for immediate development and offers significant potential for return on investment. This well-managed vacant land is ideal for businesses seeking a high-traffic location with strong visibility.

    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
    -94.8531
    Latitude
    39.7773

    Comparable in this City

    • Value Estimation by Request
      0.42 Acres

      717 10Th St

      Multifamily properties • 0.42 Acres
      717 10Th St, Saint Joseph, MO 64501
      View Details
    • Value Estimation by Request
      0.68 Acres

      2012-2022 Jones St

      Land • 0.68 Acres
      2012-2022 Jones St, Saint Joseph, MO 64501
      View Details
    • Value Estimation by Request

      521 19Th St

      Land
      521 19Th St, Saint Joseph, MO 64501
      View Details
    • Value Estimation by Request
      0.40 Acres

      629-631 8Th St

      Specialty properties • 0.40 Acres
      629-631 8Th St, Saint Joseph, MO 64501
      View Details
    • Value Estimation by Request
      0.59 Acres

      102 17Th St

      Churches & religious facilities • 0.59 Acres
      102 17Th St, Saint Joseph, MO 64501
      View Details
    • Value Estimation by Request
      867 SF

      727 Francis St

      COMMERCIAL CONDOMINUIM • 867 SF
      727 Francis St, Saint Joseph, MO 64501-1913
      View Details

    Similar Nearby for Sale

    • $100,000

      Downtown St. Joseph Commercial Lot

      Prime corner lot, utilities included, ready to build!
      523 6Th St, Saint Joseph, MO 64501
      View Details
    • $55,000
      0.21 Acres

      Downtown St. Joseph Commercial Land

      Vacant lot, 0.21 acres, C-1 zoning.
      603 8Th St, Saint Joseph, MO 64501
      View Details
    • Contact for pricing

      Prime St. Joseph Land - $8k

      Build Your Dream Home - 3920 sq ft lot
      521 19Th St, Saint Joseph, MO 64501
      View Details
    • $55,500
      0.42 Acres

      Downtown St. Joseph Investment Opportunity

      High-visibility multifamily land, 0.42 acres.
      717 10Th St, Saint Joseph, MO 64501
      View Details
    • Contact for pricing
      0.19 Acres

      Cleared Lot Near Downtown

      0.19-acre lot near downtown St. Joseph, ready for development.
      443 N 17Th St, St Joseph, MO 64501
      View Details
    • Contact for pricing
      0.01 Acres

      Residential Lot in St Joseph

      Small residential lot available in St Joseph, Missouri.
      Charles St, St Joseph, MO 64501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,560 SF

      St. Joseph Commercial Land Opportunity

      1.25-acre retail pad, prime location
      1307 6Th St, Saint Joseph, MO 64501
      View Details
    • New
      $9 SF/Yr
      3,049 SF

      Downtown St. Joseph Office Space

      3000 sq ft commercial space in downtown St. Joseph.
      212 N 7Th St, St Joseph, MO 64501
      View Details
    • $27 SF/Yr
      17,920 SF

      St. Joseph Industrial Warehouse

      17,920 SF Warehouse, M-2 Zoning
      2419 6Th St, Saint Joseph, MO 64501
      View Details
    • New
      $1,250 /Mo
      21,780 SF

      Downtown St. Joseph Corner Office

      Prime corner office space in downtown St. Joseph, Missouri.
      625 Francis 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
    • $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
    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.
    1307 6Th 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
    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.