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Property profile & analytics
FOR SALE
Turn key restaurants

501 N Belt Hwy St Joseph, MO 64506

2,502 SF 1.08 ac lot Built 2011
Individually Owned 16-yr Hold ~ Est. High Equity
Property ID
US48-1805611
Property summary
AI-generated overview

This exceptional investment opportunity presents a two-story, multi-tenant shopping center ideally situated at 501 S Belt Hwy in St. Joseph, Missouri, within Buchanan County (zip code 64506). Boasting 6,168 square feet on a 6,168 square foot lot, this C-3 zoned property offers significant potential for growth. Built in 1978, the center currently enjoys an 83.3% occupancy rate across its multiple tenants under a gross lease structure. The remaining lease term on the current tenants is one year. This property presents a compelling opportunity for an investor seeking a well-located retail asset with immediate income generation. The property's location on a main highway ensures high visibility and accessibility for tenants and customers. The potential for expansion exists, given the possibility of packaging this property with adjoining lots or other buildings within the plaza. This is a rare chance to acquire a well-established retail center in a thriving Missouri market. The property's strong existing tenancy and prime location make it an attractive investment for both seasoned and emerging investors. Serious inquiries are encouraged.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2011
Total area 2,502 SF
Lot 1.08 ac (47,045 SF)
Zoning code CITY
APN 06-1.0-11-002-000-020.000
UPID US48-1805611
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
  • Subway Take-out & Catering Catering Service
  • Pure vape Saintjoseph (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • St Joe Nutrition Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Shane Libel · 16 yrs held
Shane Libel
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
CITY · Saint Joseph, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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