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    Property profile & analytics

    1302 Frederick Ave St Joseph, MO 64501

    • Warehouses
    • 8,284 SF
    For Lease
    View listing
    $4 SF/Yr
    Value Estimations
    $290,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2606595
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Axe Factor / Adventure Sports Center / Disc Golf Course
    • Pizza Tascio / Pizza Restaurant / Pizza Takeout
    • Pizzeria Lanza / Restaurant

    Property Details for 1302 Frederick Ave

    Year built
    1920
    Property size
    8,284 SF
    Zone code
    CITY
    Property type
    Warehouses
    APN
    06-3.0-08-001-001-139.000
    APU
    63008001001139000

    Description

    This exceptional 8,284 square foot creative office space, located at 1302 Frederick Ave in Saint Joseph, Missouri, presents a unique investment opportunity. Situated on a 0.61-acre lot, this multi-tenant building boasts three suites and offers high visibility on Frederick Avenue, capitalizing on the downtown area's revitalization. Constructed in 1920, the property features numerous desirable attributes including two furnaces, two air conditioning units, and two overhead garage doors, ensuring efficient climate control and convenient access. Further enhancing energy efficiency and reducing utility costs are solar panels installed on the roof. The property's APN is 06-3.0-08-001-001-139.000 and is located in Buchanan County, Missouri, zip code 64501. Currently, one suite is available for lease, providing ample square footage for a variety of business ventures. This property is classified as Retail, Office, and Special Purpose, with a Creative Office subtype. The high visibility location and substantial square footage offer endless possibilities for businesses seeking a prominent presence in a thriving downtown setting. Don't miss this chance to be part of Saint Joseph's exciting resurgence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $387,000
      Market price range: $148k - $388k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.844
    Latitude
    39.7703
    CBSA code
    41140
    CBSA name
    ST. JOSEPH, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,041
    $4,800
    $49,390
    $54,190
    -
    $15,000
    $154,330
    $169,330

    Comparable in this City

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      $240,000
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      503 Renick St

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    • Value Estimation
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      602 Hickory St

      WAREHOUSE, STORAGE • 960 SF
      602 Hickory St, Saint Joseph, MO 64501
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    • Value Estimation
      $255,000
      1,600 SF

      201 Sylvanie St

      WAREHOUSE, STORAGE • 1,600 SF
      201 Sylvanie St, Saint Joseph, MO 64501
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    • Value Estimation
      $245,000
      10,416 SF

      2715 6th St

      WAREHOUSE, STORAGE • 10,416 SF
      2715 6th St, Saint Joseph, MO 64501-3722
      View Details
    • Value Estimation
      $245,000
      7,680 SF

      631 6th St

      WAREHOUSE, STORAGE • 7,680 SF
      631 6th St, Saint Joseph, MO 64501-2226
      View Details
    • Value Estimation
      $280,000
      9,450 SF

      116 7th St

      WAREHOUSE, STORAGE • 9,450 SF
      116 7th St, Saint Joseph, MO 64501-2230
      View Details

    Similar Nearby for Sale

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      Historic St. Joseph Warehouse

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      Downtown St. Joseph Warehouse

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    • Contact for pricing
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    • $219,000

      Downtown St. Joseph Restaurant Opportunity

      Prime location, large lot, endless potential.
      1317 Frederick Ave, 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
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    • $825,000
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      Office building with training areas, conference room, and multiple garages.
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    Similar Nearby for Lease

    • $27 SF/Yr
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      St. Joseph Industrial Warehouse

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      Albemarle Street Warehouse Space

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      Downtown St. Joseph Commercial Building

      16,500 sq ft building perfect for office, event, or loft.
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    • $2,860 /Mo
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      Retail and Warehouse Space Available

      Corner retail and warehouse space for lease in St. Joseph.
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    • $3,500 /Mo
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      St Joseph Commercial Metal Building

      Metal building with fenced yard, suitable for storage or workshop.
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    • $3 SF/Yr
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      St Joseph Commercial Flex Space

      Flex space available for lease in St Joseph, Missouri.
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      View Details
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    1302 Frederick Ave
    St Joseph, MO 64501
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    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
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