4315 Pickett Rd St Joseph, MO 64503
Property profile & analytics
4315 Pickett Rd St Joseph, MO 64503
- Office Spaces
- 49,956 SF
- 15.00 lot acres
Property ID
US48-1674936
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.
Location Intelligence
Current Use by Public Records
- Systems & Services Technologies, Inc. / Loan Service
- Alorica St. Joseph / Telecommunications Service / Tech Support Center
Property Details for 4315 Pickett Rd
- Year built
- 2003
- Lot size
- 15.00 lot acres
- Property size
- 49,956 SF
- Zone code
- CITY
- Property type
- Office Spaces
- APN
- 06-6.0-23-001-000-006.000
- APU
- 66023001000006000
Description
This fee-simple industrial property in Saint Joseph, Missouri, presents a compelling investment opportunity. The 107,236 square-foot building sits on a 15-acre lot and boasts 610 parking spaces. Currently 100% occupied by Alorica under a NNN lease with a corporate guarantee, the property offers significant long-term stability. The lease, commencing November 1, 2019, and expiring December 31, 2032, has approximately 8.1 years remaining, with two 5-year renewal options. Scheduled rent bumps throughout the lease term provide built-in protection against inflation and ensure consistent NOI growth. The property's strong 8.75% cap rate, coupled with a Net Operating Income (NOI) of $605,883, makes it an attractive investment. Located at 4315 Pickett Rd, Saint Joseph, MO 64503, in the M-1 Light Manufacturing District, the property benefits from its proximity to Interstate 29, a major thoroughfare with high daily traffic volume. The surrounding area features a dense retail and industrial corridor with numerous national tenants, creating strong tenant synergy and increased consumer traffic. The property's location near two elementary schools further enhances its visibility and accessibility. The 5-mile trade area boasts a substantial population and workforce, with an average household income exceeding $75,000. Landlord responsibilities are limited to roof and structure maintenance, minimizing management overhead. The asking price is $6,924,000. APN: 06-6.0-23-001-000-006.000. Year built: 2003.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,620,000
- 6.5%
- $5,190,000
- 7%
- $4,815,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,095,000 Current use
- RESTAURANT
- $5,630,000 Change: -8% Conversion: Difficult
- RETAIL STORES
- $5,440,000 Change: -11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Saint Joseph
- County
- Buchanan
- State
- Missouri
- Longitude
- -94.7906
- Latitude
- 39.7422
- 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
$105,147
$39,600
$1,376,030
$1,415,630
-
$123,750
$4,300,100
$4,423,850
