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    1509 W Broadway St St Joseph, MO 64505
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    1509 W Broadway St St Joseph, MO 64505

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    • Waterfront Land
    For Sale
    $500,000
    View Listing →
    Residential Lots Near Riverfront For Sale
    $500,000
    5.97 Acres

    Residential Lots Near Riverfront

    5.97 acres divided into 4 residential lots near river.

    3500 Waterworks Road, St Joseph, MO 64503
    View Listing
    Property ID
    US48-2342412
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Waterfront Land

    Property Details for 1509 W Broadway St

    Property type
    Waterfront Land
    Property subtype
    Campgrounds

    Description

    29+ acres on the beautiful Missouri River, perfect for an upscale RV Resort Planning has been done, and preliminary work done to build an RV park, adjacent to St. Joseph's Heritage softball complex and the Frontier Casino. All City of St. Joseph Blvds & walking trails start and end here! City sewer within 300' of property on same side of road is a force main and can be extended and connected to via and EOne pump. West Broadway 300' public, paved street. Also, north entrance w/ easements, city streets to private drive 50' X 600' long. View across river is to Arthur Dupree Wildlife Area, will never be developed, always pristine nature views. Elevation of river frontage requires no levee-nothing to obstruct the view. Old barn on property. 400 amp electric and water to property, city has extended sewer along Waterworks Rd. 29.7 acres may be combined with 6 acres adjacent to the north.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    St Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8777021
    Latitude
    39.7936783

    Comparable in this City

    • $849,000
      29.70 Acres

      Missouri Riverfront RV Resort Land

      29+ acres ideal for an upscale RV Resort.
      1509 W Broadway St, St Joseph, MO 64505
      View Details
    • Contact for pricing

      31.76 Acres Riverfront Land

      31.76 acres of land with immediate I-229 access.
      2304 Waterworks Rd, Saint Joseph, MO 64505
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    • $45,000
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      Industrial Land in St. Joseph

      1.09 acre industrial lot zoned M-2 in St. Joseph.
      Helena St, St Joseph, MO 64505
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    • $475,000
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      Missouri River Waterfront Land

      6 Acres, Riverfront, Build Your Dream
      3500 Waterworks Rd, Saint Joseph, MO 64505
      View Details
    • New
      $275,000
      Pending

      Versatile Land in St Joseph

      33.6+/- acres with farmland, timber, recreation, and utilities.
      13911 Cr 305 Rd, St Joseph, MO 64505
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    • $69,900
      4,284 SF

      1412 N 3rd Street, St Joseph, MO 64505

      Office Units • 4,284 SF
      1412 N 3Rd St, St Joseph, MO 64505
      View Details

    Similar Nearby for Sale

    • $849,000
      29.70 Acres

      Missouri Riverfront RV Resort Land

      29+ acres ideal for an upscale RV Resort.
      1509 W Broadway St, St Joseph, MO 64505
      View Details
    • Contact for pricing

      31.76 Acres Riverfront Land

      31.76 acres of land with immediate I-229 access.
      2304 Waterworks Rd, Saint Joseph, MO 64505
      View Details
    • $45,000
      1.09 Acres

      Industrial Land in St. Joseph

      1.09 acre industrial lot zoned M-2 in St. Joseph.
      Helena St, St Joseph, MO 64505
      View Details
    • $475,000
      6.00 Acres

      Missouri River Waterfront Land

      6 Acres, Riverfront, Build Your Dream
      3500 Waterworks Rd, Saint Joseph, MO 64505
      View Details
    • New
      $275,000
      Pending

      Versatile Land in St Joseph

      33.6+/- acres with farmland, timber, recreation, and utilities.
      13911 Cr 305 Rd, St Joseph, MO 64505
      View Details
    • Contact for pricing

      Versatile Commercial Building Near I-29

      Multi-purpose building with offices, retail space, and ample parking.
      12819 Country Place Dr, Country Club, MO 64505
      View Details

    Similar Nearby for Lease

    • $4,950 /Mo
      42,253 SF

      Retail Space in St Joseph

      Retail property available for lease in St Joseph, Missouri.
      5901 NE Woodbine Rd, St Joseph, MO 64505
      View Details
    • $12 SF/Yr
      46,174 SF

      St. Joseph Avenue Commercial Space

      8500 SF commercial space suitable for various businesses.
      1515 St Joseph Ave, St Joseph, MO 64505
      View Details
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    St Joseph, MO 64505
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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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