802 Jules StSaint Joseph, MO 64501

  • Medical offices
  • 10,527 SF
For Sale
$17,136,000 View listing

Property Details for 802 Jules St

Year built
1990
Lot size
0.39 AC
Property size (Sq ft)
10,527 SF
Zone code
CITY
Property type
Medical offices
Property subtype
Medical centers
APN
06-3.0-08-004-002-029.000
APU
63008004002029000

Description

This exceptional investment opportunity presents a portfolio of four fee-simple medical office buildings totaling 33,170 square feet, strategically located across three states: Missouri, Texas, and Colorado. The portfolio boasts a strong tenant base, anchored by DaVita and Fresenius Kidney Care, two industry leaders in dialysis services. Built between 2016 and 2018, these properties are characterized by their modern construction and efficient layouts, designed to meet the specific needs of medical practices. The portfolio benefits from a stable income stream, secured by a triple-net (NNN) lease structure with annual 2% rental increases, ensuring consistent cash flow and long-term value appreciation. Individual property addresses include: 802 Jules St, Saint Joseph, MO 64501

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,973,265
    6.5%
    $1,821,475
    7%
    $1,691,370
  • Comparable approach

    Method
    Valuation
    Relative Method
    $752,996
    Geo Method
    $752,996
  • Alternative Use

    Use
    Valuation
    Residential
    $2,258,629
    Hospitality
    $2,068,892
    Educational
    $1,721,294
    Medical
    $1,780,492
    Retail
    $2,677,568

Location Insight

City
Saint Joseph
County
Buchanan
State
Missouri
Latitude
39.768
Longitude
-94.8504
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
$27,378
$4,800
$340,900
$345,700
-
$15,000
$1,065,300
$1,080,300

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