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    Property profile & analytics

    2023 Angelique St Saint Joseph, MO 64501

    • Self storage facilities
    • 26,611 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1998935
    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

    • Self storage facilities

    Property Details for 2023 Angelique St

    Year built
    1940
    Lot size
    0.61 lot acres
    Property size
    26,611 SF
    Property type
    Self storage facilities
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional commercial property, located at 2023 Angelique St, Saint Joseph, MO 64501, presents a unique investment opportunity. The 26,611 square foot building, constructed in 1940, sits on a 0.61-acre lot and is zoned Commercial C-1. The property boasts a recently installed roof and main water line, along with a new 200-amp electrical service and a two-car garage. The spacious brick building on a slab foundation offers significant potential for a variety of uses, including a convenience store, restaurant, school, or other retail establishment. The corner lot provides excellent visibility and convenient access, while the ample rear lot space allows for expansion or future development. This property is situated in a thriving neighborhood shopping district, catering primarily to local residents and offering a mix of retail and service businesses. The property is currently available for sale at $50,000. Its prime location and recent upgrades make it an attractive option for entrepreneurs seeking a successful business venture in a well-established community. The property's versatility and substantial size offer a rare opportunity for growth and expansion within a vibrant commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.83499491
    Latitude
    39.76349745

    Comparable in this City

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      Downtown St. Joe Mixed-Use Gem

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      Frederick Ave. Retail Investment

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      Downtown Commercial Building with Parking

      Two-story commercial building with parking lot in downtown St Joseph.
      328 Felix St, St Joseph, MO 64501
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      Historic Office Building For Sale

      Fully leased historic office building near courthouse and law enforcement center.
      501 Francis St, St Joseph, MO 64501
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      St Joseph Commercial Space Available

      Commercial space suitable for light business, service, or storage.
      2843 Jules St, St Joseph, MO 64501
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    • $825,000
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      Office Building with Garages

      Office building with training areas, conference room, and multiple garages.
      401 N 12Th St, St Joseph, MO 64501
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    Similar Nearby for Sale

    • $2,899,000
      23,320 SF

      Downtown St. Joe Mixed-Use Gem

      Historic building, 12 lofts, event space
      107 6Th St, Saint Joseph, MO 64501
      View Details
    • $495,000
      0.33 Acres

      Frederick Ave. Retail Investment

      Prime St. Joseph, MO storefront, 3 parcels.
      1603 Frederick Ave, Saint Joseph, MO 64501
      View Details
    • $1,100,000
      Pending

      Downtown Commercial Building with Parking

      Two-story commercial building with parking lot in downtown St Joseph.
      328 Felix St, St Joseph, MO 64501
      View Details
    • $1,250,000
      0.21 Acres

      Historic Office Building For Sale

      Fully leased historic office building near courthouse and law enforcement center.
      501 Francis St, St Joseph, MO 64501
      View Details
    • Contact for pricing
      0.18 Acres

      St Joseph Commercial Space Available

      Commercial space suitable for light business, service, or storage.
      2843 Jules St, St Joseph, MO 64501
      View Details
    • $825,000
      0.87 Acres

      Office Building with Garages

      Office building with training areas, conference room, and multiple garages.
      401 N 12Th St, St Joseph, MO 64501
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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      Retail Space Near High School

      New construction retail space for lease near Central High School.
      2728 Messanie St, St Joseph, MO 64501
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    • $1,500 /Mo
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      Downtown St. Joseph Commercial Building

      16,500 sq ft building perfect for office, event, or loft.
      305 S 8Th St, St Joseph, MO 64501
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    • $900 /Mo
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      Downtown St. Joseph Commercial Space

      Flexible commercial space in downtown St. Joseph for lease.
      210 N 7Th St, St Joseph, MO 64501
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    • $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
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    • $120 SF/Yr
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      Downtown St. Joseph Executive Office Space

      6,280 sq ft, Single Tenant, Flexible Layout
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    • $102 SF/Yr
      10,000 SF

      Downtown St. Joseph Executive Office Space

      10,000 sq ft, 1st Floor, Flexible Layout
      902 Fl St, Saint Joseph, MO 64501
      View Details
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    2023 Angelique St
    Saint 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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