4022 Waterworks Rd
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4022 Waterworks Rd
24,000 SF Specialty Building Offered at $565,000 in Saint Joseph, MO 64505
Executive Summary
Value-add opportunity located in the Kansas City MSA with rents below market and the ability to lease up additional outdoor parking spots.
The property has benefited from high occupancy historically with only 3 - 13'x30' units available currently.
Very low delinquency rate with most renters paying yearly.
Two of the buildings are open without dividing walls and one of the buildings has wiring fencing in between units.
Majority of the buildings are located in the FEMA Flood Zone - A Zone with a small portion in the X500 or B Zone.
Cap Rate: 8.26%
The property has benefited from high occupancy historically with only 3 - 13'x30' units available currently.
Very low delinquency rate with most renters paying yearly.
Two of the buildings are open without dividing walls and one of the buildings has wiring fencing in between units.
Majority of the buildings are located in the FEMA Flood Zone - A Zone with a small portion in the X500 or B Zone.
Cap Rate: 8.26%
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $565,000 | Building Class | C |
| Price Per SF | $24 | Lot Size | 1.80 AC |
| Sale Type | Owner User | Building Size | 24,000 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1999 |
| Price | $565,000 |
| Price Per SF | $24 |
| Sale Type | Owner User |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 24,000 SF |
| No. Stories | 1 |
| Year Built | 1999 |
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PROPERTY TAXES
| Parcel Number | 03-9.0-31-002-000-014.000 | Improvements Assessment | $47,080 |
| Land Assessment | $4,800 | Total Assessment | $51,880 |
PROPERTY TAXES
Parcel Number
03-9.0-31-002-000-014.000
Land Assessment
$4,800
Improvements Assessment
$47,080
Total Assessment
$51,880
zoning
| Zoning Code | M-2 |
| M-2 |
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4022 Waterworks Rd
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