3101 Frederick AveSaint Joseph, MO 64506

Property Details for 3101 Frederick Ave

Year built

1971

Lot size

3.38 AC

Property size (Sq ft)

14,467 SF

Zone code

CITY

Property type

Office properties

APN

06-2.0-03-003-001-059.000

APU

62003003001059000

Description

This exceptional 14,500 square foot, two-story office building in Wyeth Estates presents a unique leasing opportunity. Built in 1920, the property sits on a 3.38-acre lot and offers a blend of classic charm and modern functionality. Currently, 3,840 square feet of space is available for lease, with options ranging from 1,920 to 3,840 square feet. The available space features ground-level entry, executive-style offices, multiple bathrooms, and access to a shared courtyard. The building boasts 40 parking spaces, providing ample convenience for tenants and their clients. The building is zoned C-3 and features 110-volt and 220-volt power, along with elevators. Lease rates range from $8 to $12 per square foot, depending on the specific suite, lease terms, and intended use. A significant incentive is offered for leasing the entire 3,840 square foot space, with the main floor priced at $12 per square foot and the upper level at $8 per square foot. Net, Net, Net (NNN) expenses are $4.46 per square foot, encompassing taxes, insurance, utilities, and common area maintenance. Tenants are responsible for internet/phone and liability insurance. The building's location within Wyeth Estates offers proximity to other medical and professional offices, and signage opportunities are available. Floor plans are available upon request. Additionally, several smaller, full-service office suites are available for lease at a monthly rate of $600-$900. The owner will continue to occupy 5,219 square feet on the main level.

• CAP approach

  CAP return

  Valuation

  6%

  $2,711,810

  6.5%

  $2,503,209

  7%

  $2,324,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,034,824

  Geo Method

  $1,034,824

• Alternative Use

  Use

  Valuation

  Residential

  $3,103,979

  Hospitality

  $2,843,228

  Educational

  $2,365,532

  Medical

  $2,446,887

  Retail

  $3,679,717

Location Insight

City

Saint Joseph

County

Buchanan

State

Missouri

Latitude

39.7784

Longitude

-94.8181

CBSA code

41140

CBSA name

ST. JOSEPH, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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