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Property profile & analytics
FOR LEASE
Medical Office Space
3201 Ashland Ave St Joseph, MO 64506
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US48-2126562
For Lease
1 / 5
$1,265,000
3201 Ashland Ave, St Joseph, MO 64506
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Total area
11,174 SF
Lot
1.4 ac (60,984 SF)
Zoning code
CITY
APN
03-8.0-34-003-001-004.000
UPID
US48-2126562
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wiles Eye Center - St. Joseph Surgical Center Eye Care Center
-
Surgery Center of St Joseph Medical Clinic Hospital
-
Stephen Wiles Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Sierra Partners LLC Co · 14 yrs held
Sierra Partners LLC Co
since 2011
3 recorded transactions
Zoning & alternative use
CITY · Saint Joseph, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs St Joseph submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs St Joseph submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,115,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$995,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,398
Tax year 2023
Assessed value
$270,930
Assessed 2023
Previous assessed
$270,930
+0.0% YoY
Effective rate
7.53%
On assessed value
Assessed land
$62,530
Assessed improvement
$208,400
Land market value
$195,400
Improvement market value
$651,250
Total market value
$846,650
Applied tax rate
78.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1978
Total area
11,174 SF
Lot
1.4 ac (60,984 SF)
Zoning code
CITY
APN
03-8.0-34-003-001-004.000
UPID
US48-2126562
Jurisdiction
BUCHANAN
Zoning & alternative use
CITY · Saint Joseph, MO
Zoning CITY · permitted uses
CITY · Saint Joseph, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Joseph. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$945,000
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Lot
1.4 ac
Current owner
From public records · entity-resolved
Sierra Partners LLC Co
Entity
Mailing address
3201 ASHLAND AVE, SAINT JOSEPH, MO 64506-1543
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2017
—
Sierra Partners LLC
—
Deed
related
$995,000 · Capitol Fsb
Sep 30, 2011
—
Sierra Partners LLC Co
Gold Cross Ranch LLC Co
Warranty Deed
$600,000 · Platte Valley Bank Of Missouri
Feb 16, 2006
—
Gold Cross Ranch LLC Co
Thomas J Young
Warranty Deed
$1,000,000 · Nodaway Valley Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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