1338 Belt Hwy Saint Joseph, MO 64506-2537
This exceptional value-add opportunity presents a two-story, 6,285 square foot multi-tenant office building situated on a 0.84-acre lot at 1338 N Belt Highway in St. Joseph, Missouri (zip code 64506). Built in 2000 and renovated in 2020, this Class B property boasts a desirable C-3 zoning. Currently, the building enjoys 80% occupancy with three units. The upper level features a tenant with one year remaining on their lease. The lower level offers 3,040 square feet of vacant space ready for immediate lease, plus an additional 960 square feet of adaptable former living space. The building features convenient level entrances with a ramp from the parking lot, multiple offices, restrooms, a breakroom, and ample parking. The asking price is $1,200,000, translating to $190.93 per square foot. This is a net-net lease property. This property presents a strong investment opportunity for those seeking a multi-tenant office building in a prime St. Joseph location. The building's features, combined with its strategic location on the Belt Highway, make it an attractive prospect for both investors and tenants.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CITY · Saint Joseph, MOSaint Joseph. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.