Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    224 4Th St Saint Joseph, MO 64501

    • Turn key restaurants
    • 8,400 SF
    For Lease
    View listing
    $16 SF/Yr
    Value Estimations
    $285,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2077686
    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

    • Brittain Richardson Lofts / Apartment Building
    • Boudreaux's Louisiana Seafood & Steaks / Steak House / Seafood Restaurant

    Property Details for 224 4Th St

    Year built
    1901
    Property size
    8,400 SF
    Zone code
    CITY
    Property type
    Turn key restaurants
    APN
    06-3.0-08-003-001-048.000
    APU
    63008003001048000

    Description

    This exceptional commercial property, located at 224 N 4th Street in the heart of St. Joseph, Missouri, presents a unique investment opportunity. The property is zoned CI and boasts a substantial lot size of 8,498 square feet. The building itself is a striking five-story structure, currently configured as a single-tenant restaurant space encompassing approximately 7,000 square feet. Its historic character is complemented by custom-crafted bar and restaurant equipment already in place, representing a significant value-add for a prospective buyer. The property's prime downtown location offers excellent visibility and accessibility, making it an ideal setting for a thriving culinary establishment. The property's single-tenant occupancy simplifies management and provides a stable income stream. The parcel number is 06-3.0-08-003-001-048.000. This is a rare chance to acquire a well-established restaurant space in a vibrant and historic Missouri city. The property's size and location make it suitable for a variety of restaurant concepts or potential redevelopment opportunities. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8558
    Latitude
    39.768
    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
    $7,880
    $2,560
    $99,010
    $101,570
    -
    $8,000
    $348,370
    $356,370

    Comparable in this City

    • Value Estimation
      $50,000
      3,400 SF

      1310 6th St

      RESTAURANT • 3,400 SF
      1310 6th St, Saint Joseph, MO 64501-3637
      View Details
    • Value Estimation
      $270,000
      4,088 SF

      513 Francis St

      RESTAURANT • 4,088 SF
      513 Francis St, Saint Joseph, MO 64501-1705
      View Details
    • Value Estimation
      $255,000
      6,020 SF

      632 8th St

      RESTAURANT • 6,020 SF
      632 8th St, Saint Joseph, MO 64501-2711
      View Details
    • Value Estimation
      $255,000
      1,136 SF

      2110 Francis St

      RESTAURANT • 1,136 SF
      2110 Francis St, Saint Joseph, MO 64501-2539
      View Details
    • Value Estimation
      $265,000
      3,405 SF

      516 Felix St

      RESTAURANT • 3,405 SF
      516 Felix St, Saint Joseph, MO 64501-2127
      View Details
    • Value Estimation
      $270,000
      2,025 SF

      1817 Frederick Ave

      RESTAURANT • 2,025 SF
      1817 Frederick Ave, Saint Joseph, MO 64501-1532
      View Details

    Similar Nearby for Sale

    • $219,000

      Downtown St. Joseph Restaurant Opportunity

      Prime location, large lot, endless potential.
      1317 Frederick Ave, 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
    • $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
    • $149,900

      Downtown St. Joseph Retail Gem

      Prime Commercial Space, 2-Story Building
      712A Francis St, Saint Joseph, MO 64501
      View Details
    • $899,000
      1.41 Acres

      Former YMCA in Downtown St. Joseph

      Versatile 28,938 SF property suitable for fitness, retail, or office.
      315 S 6Th St, St 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

    Similar Nearby for Lease

    • $16 SF/Yr
      7,000 SF

      Downtown St. Joseph Restaurant

      Historic building, 7,000 sq ft, prime location.
      224 4Th St, Saint 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
    • $1,000 /Mo
      11,326 SF

      Commercial Space off Frederick Avenue

      Flexible commercial space with drive-in door, excellent accessibility.
      1926 Howard St, St Joseph, MO 64501
      View Details
    • $120 SF/Yr
      6,280 SF

      Downtown St. Joseph Executive Office Space

      6,280 sq ft, Single Tenant, Flexible Layout
      902 Fl St, Saint Joseph, MO 64501
      View Details
    • $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
    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.
    224 4Th 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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.