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

    315 6Th St Saint Joseph, MO 64501

    • Commercial real estate
    • 1.41 lot acres
    For Sale
    View listing
    $899,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2456999
    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

    • Commercial real estate

    Property Details for 315 6Th St

    Year built
    1970
    Lot size
    1.41 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 28,938 square foot property, located at 315 S 6th Street in St. Joseph, Missouri, presents a remarkable investment opportunity. Built in 1970, this two-story building sits on a 1.41-acre lot and offers immense versatility. Previously operated as a YMCA, the structure's expansive footprint allows for a wide range of adaptive reuse possibilities. Imagine transforming this space into a modern fitness center, a thriving commercial hub, or a unique mixed-use development. The possibilities are truly endless, catering to diverse business needs, from retail and office spaces to storage facilities. The property's prime downtown location provides excellent visibility and accessibility, ensuring high traffic and potential for strong returns. Lease rates are projected to range from $3 to $6 per square foot, offering significant income potential for the astute investor. The substantial size and central location make this a rare find in the St. Joseph market. This is a chance to acquire a significant piece of downtown real estate with the potential for substantial future growth and profitability. The asking price is $899,000.

    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
    -94.8522919
    Latitude
    39.7645953

    Comparable in this City

    • $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
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    • $175,000
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      Historic St. Joseph Church

      Elegant Church, Updated, Prime Location
      102 17Th St, Saint Joseph, MO 64501
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    • $225,000
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      Downtown St. Joseph Commercial Building

      Versatile Steel Structure, High Visibility
      629-631 8Th St, Saint Joseph, MO 64501
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    • $225,000
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      Prime St. Joseph Commercial Lot

      Spacious 2-story building, 55 acres.
      308 22Nd St, Saint Joseph, MO 64501
      View Details
    • $325,000
      0.26 Acres

      Historic Downtown St. Joseph Building

      Prime location, 3-story building, $325,000
      222 4Th 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

    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
    • $175,000
      0.59 Acres

      Historic St. Joseph Church

      Elegant Church, Updated, Prime Location
      102 17Th St, Saint Joseph, MO 64501
      View Details
    • $225,000
      0.40 Acres

      Downtown St. Joseph Commercial Building

      Versatile Steel Structure, High Visibility
      629-631 8Th St, Saint Joseph, MO 64501
      View Details
    • $225,000
      55.00 Acres

      Prime St. Joseph Commercial Lot

      Spacious 2-story building, 55 acres.
      308 22Nd St, Saint Joseph, MO 64501
      View Details
    • $325,000
      0.26 Acres

      Historic Downtown St. Joseph Building

      Prime location, 3-story building, $325,000
      222 4Th 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

    Similar Nearby for Lease

    • $27 SF/Yr
      17,920 SF

      St. Joseph Industrial Warehouse

      17,920 SF Warehouse, M-2 Zoning
      2419 6Th St, Saint 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
    • $7 SF/Yr
      3,049 SF

      Downtown St. Joseph Office Space

      3000 sq ft office space in downtown St. Joseph.
      212 N 7Th St, St Joseph, MO 64501
      View Details
    • $108 SF/Yr
      10,000 SF

      Main Street Industrial Warehouse

      1.6-acre lot, 22,581 SF warehouse
      202 Main St, Saint 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
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    315 6Th 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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