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

    3132 Saint Joseph Ave Saint Joseph, MO 64505-1758

    • Retail space
    • 1,880 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Feb 27, 2024
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    5.1%
    Retail space
    Location Intelligence
    Property ID
    US48-1590219
    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

    • Retail space

    Property Details for 3132 Saint Joseph Ave

    Year built
    1940
    Lot size
    0.33 lot acres
    Property size
    1,880 SF
    Zone code
    CITY
    Property type
    Retail space
    APN
    03-9.0-32-004-002-093.000
    APU
    39032004002093000

    Description

    This 1880-square-foot retail property, located at 3132 Saint Joseph Avenue in St. Joseph, Missouri (zip code 64505), presents a fantastic opportunity for an investor or entrepreneur. Built in 1940, this single-story building sits on a spacious 14,375-square-foot lot and is ideally suited for a daycare center, with many features already in place. The interior boasts newly painted walls, some new flooring, two restrooms, an office, ample storage space, and a functional kitchen equipped with a range and refrigerator. The property's layout is nearly completely set up for daycare operations, minimizing the need for extensive renovations. Exterior features include a fenced-in yard, providing a safe play area for children, and convenient off-street parking with two entrances. The property's location offers excellent accessibility, and its proximity to an ice cream shop adds a unique neighborhood appeal. This turnkey operation is priced at $135,000 and represents a compelling investment in a thriving community. The property's address is easily accessible via Saint Joseph Avenue. The county is Buchanan County. The property is in excellent condition and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $295,000
      6.5%
      $275,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $285,000
      Market price range: $119k - $381k

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.8466
    Latitude
    39.793
    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
    $1,452
    $3,200
    $16,170
    $19,370
    -
    $10,000
    $50,530
    $60,530

    Comparable in this City

    • Value Estimation
      $330,000
      1,095 SF

      321 Middleton St

      RETAIL STORES (PERSONAL SERVICES) • 1,095 SF
      321 Middleton St, Saint Joseph, MO 64505-2610
      View Details
    • Value Estimation
      $320,000
      900 SF

      2020 Saint Joseph Ave

      RETAIL STORES (PERSONAL SERVICES) • 900 SF
      2020 Saint Joseph Ave, Saint Joseph, MO 64505
      View Details
    • Value Estimation
      $295,000
      1,296 SF

      1915 Saint Joseph Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,296 SF
      1915 Saint Joseph Ave, Saint Joseph, MO 64505-2639
      View Details
    • Value Estimation
      $330,000
      1,050 SF

      2137 Saint Joseph Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      2137 Saint Joseph Ave, Saint Joseph, MO 64505-2653
      View Details
    • Value Estimation
      $325,000
      2,324 SF

      2022 Saint Joseph Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,324 SF
      2022 Saint Joseph Ave, Saint Joseph, MO 64505-2642
      View Details
    • Value Estimation
      $335,000
      756 SF

      Savannah Rd

      RETAIL STORES (PERSONAL SERVICES) • 756 SF
      Savannah Rd, Saint Joseph, MO 64505
      View Details

    Similar Nearby for Sale

    • $69,900

      St. Joseph Ave Commercial Building

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      Versatile Building Near I-29 Exit

      Multi-purpose building with offices, restrooms, and large parking lot.
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    • Contact for pricing
      1.00 Acre

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      5,000 sq ft building suitable for various business types.
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    • $350,000
      7,200 SF

      St. Joseph Ave Retail Center

      7,200 SF Flex Space, Vacant, $350K
      2605 St. Joseph Ave, Saint Joseph, MO 64505
      View Details
    • $990,000
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      Missouri Riverfront Commercial Land

      29+ Acres, Prime RV Resort Location
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    • $34,000
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      Build Your Dream Home - Stunning Views!
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    Similar Nearby for Lease

    • $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
    • $12 SF/Yr
      8,500 SF

      St. Joseph Ave Executive Office Space

      8,500 SF Retail/Office Space Available
      1515 St Joseph Ave, Saint Joseph, MO 64505
      View Details
    • $10 SF/Yr
      25,652 SF

      St. Joseph Ave Retail Space

      Prime Retail/Office, 8,500 SF Available
      1515 St Joseph Ave, Saint Joseph, MO 64505
      View Details
    • $144 SF/Yr
      8,500 SF

      Prime Executive Office Space

      8,500 SF Office, Ideal for Food Service
      1515 St Joseph Ave, Saint Joseph, MO 64505
      View Details
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    Saint Joseph, MO 64505-1758
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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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