501 N Belt Hwy St Joseph, MO 64506
For Sale
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CITY · Saint Joseph, MOSaint Joseph. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.