3904 Beck RdSaint Joseph, MO 64506

Property Details for 3904 Beck Rd

Year built

1994

Lot size

2.51 AC

Property size (Sq ft)

10,012 SF

Zone code

CITY

Property type

Office properties

APN

06-1.0-02-002-000-003.004

APU

61002002000003004

Description

This exceptional investment opportunity presents a fully leased medical office complex located at 3904 Beck Road, St. Joseph, Missouri, 64506. The single-story building, constructed in 1994, sits on a substantial 109,336 square foot lot, offering ample space and potential for future expansion. Currently operating as a thriving dental complex, the property boasts long-term tenants, ensuring consistent rental income. Recent improvements significantly enhance the property's value and appeal. These include a brand-new roof installed in November 2023, along with updated interiors and mechanical systems. The property's prime location in Buchanan County, Missouri, provides excellent visibility and accessibility. The asking price for this turnkey investment is $3,750,000. This represents a compelling opportunity for investors seeking a stable, high-return asset in a growing market. The existing tenants and long-term leases provide immediate cash flow, while the additional land presents exciting possibilities for future development or expansion to meet evolving market demands. This property is a rare find, combining strong current performance with significant long-term potential. Don't miss this chance to acquire a high-quality, income-producing medical office complex in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,876,729

  6.5%

  $1,732,365

  7%

  $1,608,625

• Comparable approach

  Method

  Valuation

  Relative Method

  $716,158

  Geo Method

  $716,158

• Alternative Use

  Use

  Valuation

  Residential

  $2,148,133

  Hospitality

  $1,967,678

  Educational

  $1,637,085

  Medical

  $1,693,387

  Retail

  $2,546,577

Location Insight

City

Saint Joseph

County

Buchanan

State

Missouri

Latitude

39.7887

Longitude

-94.7974

CBSA code

41140

CBSA name

ST. JOSEPH, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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