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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    228 Belt Hwy Saint Joseph, MO 64506-3411

    • Turn key restaurants
    • 3,850 SF
    • 0.88 lot acres
    OFF-MARKET
    Value Estimations
    $440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1554866
    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

    • Freddy's Frozen Custard & Steakburgers / Fast Food Restaurant / Family Restaurant

    Property Details for 228 Belt Hwy

    Year built
    2015
    Lot size
    0.88 lot acres
    Property size
    3,850 SF
    Zone code
    CITY
    Property type
    Turn key restaurants
    APN
    06-1.0-11-003-002-005.001
    APU
    61011003002005001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $501,000
      Market price range: $256k - $502k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $385,000
      Current use
      RETAIL STORES
      $340,000
      Change: -11% Conversion: Easy
      COMMERCIAL (GENERAL)
      $325,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8044
    Latitude
    39.7683
    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
    $23,298
    $61,460
    $248,650
    $310,110
    -
    $192,060
    $777,030
    $969,090

    Comparable in this City

    • Value Estimation
      $340,000
      5,472 SF

      4101 Frederick Ave

      RESTAURANT • 5,472 SF
      4101 Frederick Ave, Saint Joseph, MO 64506-3158
      View Details
    • Value Estimation
      $455,000
      4,905 SF

      3910 Belt Hwy

      RESTAURANT • 4,905 SF
      3910 Belt Hwy, Saint Joseph, MO 64506-1343
      View Details
    • Value Estimation
      $445,000
      5,070 SF

      3804 Belt Hwy

      RESTAURANT • 5,070 SF
      3804 Belt Hwy, Saint Joseph, MO 64506-1342
      View Details
    • Value Estimation
      $345,000
      2,560 SF

      3114 Belt Hwy

      RESTAURANT • 2,560 SF
      3114 Belt Hwy, Saint Joseph, MO 64506-1546
      View Details
    • Value Estimation
      $355,000
      3,179 SF

      1701 Belt Hwy

      RESTAURANT • 3,179 SF
      1701 Belt Hwy, Saint Joseph, MO 64506-2419
      View Details
    • Value Estimation
      $415,000
      3,800 SF

      1212 Belt Hwy

      RESTAURANT • 3,800 SF
      1212 Belt Hwy, Saint Joseph, MO 64506-2412
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20.65 Acres

      Tuscany Village: Prime Retail Opportunity

      20-Acre Mixed-Use Development in St. Joseph, MO
      169 Hwy Hwy 169, Saint Joseph, MO 64506
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    • Contact for pricing
      31.43 Acres

      Tuscany Village Commercial Lots

      Prime St. Joseph, MO development land.
      4774 Verona Dr, Saint Joseph, MO 64506
      View Details
    • $1,425,000
      27,225 SF

      Prime St. Joseph Retail Investment

      Multi-Tenant Value-Add Opportunity
      3603 Frederick Ave, Saint Joseph, MO 64506
      View Details
    • $443,000
      1.30 Acres

      St. Joseph Retail Investment Opportunity

      Prime Retail Space, 1.3 Acres, Missouri
      411-425 Belt Hwy, Saint Joseph, MO 64506
      View Details
    • $930,728
      1,500 SF

      St. Joseph Oil Changers Investment

      NNN leased Oil Changers with corporate guarantee for sale.
      3717 Sherman Ave, Saint Joseph, MO 64506
      View Details
    • $449,900

      High-Traffic Auto Shop in St. Joseph, MO

      Prime Retail Space, High Visibility, Great Lease/Buy Option
      2810 Belt Hwy, Saint Joseph, MO 64506
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      114,563 SF

      Restaurant Space Available For Lease

      Restaurant space for lease inside Ricky Deans with patio.
      3620 N Village Dr, St Joseph, MO 64506
      View Details
    • $329 /Mo
      5,076 SF

      Prime St. Joseph Restaurant Space

      Established Restaurant, 5,076 sq ft
      3704 Faraon St, Saint Joseph, MO 64506
      View Details
    • $12 SF/Yr
      4,800 SF

      St. Joseph Restaurant - Turnkey Opportunity

      Established Restaurant, Ample Parking, Missouri
      2715 Belt Hwy, Saint Joseph, MO 64506
      View Details
    • $15 SF/Yr
      982 SF

      Historic Green Acres Office Suite

      982 sq ft, flexible lease options
      3500 Vlg Dr. Ste Gl10 St, Saint Joseph, MO 64506
      View Details
    • $22 SF/Yr
      10,800 SF

      Rochester Road Retail Center

      New 10,800 SF retail building, Missouri.
      4720 Rochester Rd, Saint Joseph, MO 64506
      View Details
    • $8 SF/Yr
      3,800 SF

      Retail Space in Saint Joseph

      Retail space available, anchored by established businesses.
      1315 S Belt Hwy, Saint Joseph, MO 64506
      View Details
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    228 Belt Hwy
    Saint Joseph, MO 64506-3411
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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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