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4305 Frederick Ave Saint Joseph, MO 64506-3110

OFF-MARKET Banks Google Maps
21,600 SF 2.93 ac lot Built 1970
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$570k
Range $513k – $627k (±10%)
Property ID US48-2446216

Property summary

AI-generated overview

This exceptional commercial property, located at 4305 Frederick Ave, St. Joseph, MO 64506, offers a diverse range of office spaces for lease within a three-story, Class B building. The 33,000 square foot building sits on a 2.8-acre lot and features a single passenger elevator. Multiple suites are available, ranging from a minimum of 215 square feet to a maximum contiguous space of 5,150 square feet. Currently, there is 11,141 square feet of vacant space. The building boasts a 10-foot ceiling height and ample parking with a 5/1000 space ratio. The property is zoned C-1 and is conveniently located near Buckingham, within the St. Joseph/Kansas City submarket cluster. Built in 1970, this building offers a unique opportunity for businesses seeking flexible office solutions. Available spaces include 6,393 square feet on the upper floor, 397 square feet on the main floor, and 4,295 square feet on the lower level. The lower-level suites range from 221 to 2,537 square feet, with many 'as is' spaces between 1,000 and 1,200 square feet. Upper-level suites (second floor) range from 215 to 5,150 square feet, with most 'as is' spaces between 1,000 and 1,500 square feet. Modified gross rent is $14 per square foot for lower-level spaces and $16 per square foot for upper-level spaces. Tenants are responsible for their own janitorial services. The property's APN is 06-1.0-02-004-004-028.000, and the annual property taxes are $1 per square foot.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1970
Total area 21,600 SF
Lot 2.93 ac (127,631 SF)
Zoning code CITY
APN 06-1.0-02-004-004-028.000
UPID US48-2446216

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Atm
  • Federal Government Office Private Investigator
  • Loan Service Bank
  • Accounting Firm Tax Preparation

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$864k
Blend (final) Blend
$570k

Owner & transaction history

Zoning & alternative use

CITY · Saint Joseph, MO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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