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

    315 Franklin St Saint Joseph, MO 64501-1072

    • Parking lots & garages
    • 2,800 SF
    OFF-MARKET
    Last Sale
    Dec 09, 2020
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2117229
    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

    • Godspeed Motor Sports LLC / Machine Shop / Motorcycle Repair Shop

    Property Details for 315 Franklin St

    Year built
    1960
    Property size
    2,800 SF
    Zone code
    CITY
    Property type
    Parking lots & garages
    APN
    06-3.0-07-001-002-053.000
    APU
    63007001002053000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $155,000
      Current use
      RETAIL STORES
      $305,000
      Change: +95% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $220,000
      Change: +40% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Buchanan
    State
    Missouri
    Longitude
    -94.863
    Latitude
    39.7739
    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
    $868
    $1,920
    $9,660
    $11,580
    -
    $6,000
    $30,200
    $36,200

    Comparable in this City

    • Value Estimation
      $240,000
      9,110 SF

      524 5th St

      PARKING GARAGE, PARKING STRUCTURE • 9,110 SF
      524 5th St, Saint Joseph, MO 64501-2149
      View Details
    • Value Estimation
      $205,000
      1,875 SF

      1628 Frederick Ave

      PARKING GARAGE, PARKING STRUCTURE • 1,875 SF
      1628 Frederick Ave, Saint Joseph, MO 64501-2010
      View Details
    • Value Estimation
      $260,000
      10,400 SF

      813 7th St

      PARKING GARAGE, PARKING STRUCTURE • 10,400 SF
      813 7th St, Saint Joseph, MO 64501-3605
      View Details
    • Value Estimation
      $265,000
      12,315 SF

      1202 Faraon St

      PARKING GARAGE, PARKING STRUCTURE • 12,315 SF
      1202 Faraon St, Saint Joseph, MO 64501-2310
      View Details
    • Value Estimation
      $285,000
      4,500 SF

      902 Faraon St

      PARKING GARAGE, PARKING STRUCTURE • 4,500 SF
      902 Faraon St, Saint Joseph, MO 64501-1880
      View Details
    • Value Estimation
      $270,000
      11,310 SF

      1919 Frederick Ave

      PARKING GARAGE, PARKING STRUCTURE • 11,310 SF
      1919 Frederick Ave, Saint Joseph, MO 64501-1534
      View Details

    Similar Nearby for Sale

    • $495,000
      0.33 Acres

      Frederick Ave. Retail Investment

      Prime St. Joseph, MO storefront, 3 parcels.
      1603 Frederick Ave, Saint Joseph, MO 64501
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    • $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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    • $219,000

      Downtown St. Joseph Restaurant Opportunity

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

      Downtown St. Joseph Retail Gem

      Prime Commercial Space, 2-Story Building
      712A Francis St, Saint Joseph, MO 64501
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    • $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
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    • $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

    • $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
    • $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
    • $18 SF/Yr
      1,500 SF

      Prime Retail Space - Messanie St.

      New 1,500 SF Retail Space Available
      2728 Messanie St, Saint Joseph, MO 64501
      View Details
    • $900 /Mo
      2,178 SF

      Downtown St. Joseph Commercial Space

      Flexible commercial space in downtown St. Joseph for lease.
      210 N 7Th St, St Joseph, MO 64501
      View Details
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    315 Franklin St
    Saint Joseph, MO 64501-1072
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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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