Freestanding Storefront Retail
For Sale
$389,000
4215 S Kingshighway Boulevard St, Louis, MO 63109
COMMERCIAL - St Louis, MO
Property Size4,000 SF
Lot Size0.11 Acres
Price / SF$97.25
Days on Market19
Property Features for 4215 S Kingshighway Boulevard St
General Information
Property type
Commercial Sale
Property subtype
Retail
Security features
Security System
Fencing
Privacy, Fenced, Gate
Subdivision
North Hampton Add
Standard status
Active
APN
6036-00-0120-0
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4535
Utilities
Heating system
Forced Air
Cooling system
Electric, Central Air
Water source
Public
Amenities
private offices
rear alley access
street parking
high ceilings
exposed industrial ceiling structure
large storefront windows
open sidewalk apron
Building Details
Year built
1945
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Brick
Listing Agency:
RE/MAX Results · RE/MAX International
(314) 894-8775
Listed By:
Sarah Nguyen-Bani · License #2002004718
(314) 781-7777
Added: Jul 22
Changed: Aug 8
Last Checked: Aug 9 at 7:06PM
MLS# 26033023
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding storefront retail building sits on a 0.1148-acre lot and was built in 1945. The exterior features a blue panel facade, a bold red awning, and wide floor-to-ceiling storefront windows. Inside, the main floor offers an open, column-free layout with high ceilings and an exposed industrial ceiling structure, supported by ceramic tile flooring. Heating is forced air, and cooling is electric central air.
The property includes two generously sized, fully plumbed restrooms, with the men’s room featuring three urinals and a private stall, and the ladies’ room offering multiple stalls and a vanity. Two private offices are also provided, along with rear alley access via a rear entry door and street parking. Fencing includes a fenced, gated, privacy setup, and the site is served by public water.
Major capital improvements were completed in 2023, including a new furnace, new AC, new front windows, an updated electrical panel, a new water heater, and a newer TPO roof.
Located on S. Kingshighway Boulevard near the Chippewa intersection, the building offers high-visibility frontage with 18,000+ VPD, within Zone F retail zoning with broad permitted uses.
The property includes two generously sized, fully plumbed restrooms, with the men’s room featuring three urinals and a private stall, and the ladies’ room offering multiple stalls and a vanity. Two private offices are also provided, along with rear alley access via a rear entry door and street parking. Fencing includes a fenced, gated, privacy setup, and the site is served by public water.
Major capital improvements were completed in 2023, including a new furnace, new AC, new front windows, an updated electrical panel, a new water heater, and a newer TPO roof.
Located on S. Kingshighway Boulevard near the Chippewa intersection, the building offers high-visibility frontage with 18,000+ VPD, within Zone F retail zoning with broad permitted uses.
Key Highlights
- 18,000+ VPD visibility on S. Kingshighway Boulevard near the Chippewa intersection
- Two fully plumbed restrooms, including men’s with three urinals and ladies’ with multiple stalls
- Open, column‑free main floor with high ceilings and exposed industrial ceiling structure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,190
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$343,800
$343.8K
Cap Rate 7%
$245,571
$245.6K
Cap Rate 9%
$191,000
$191.0K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.0K $6.00/SF
− Vacancy
−$1.1K −$0.27/SF
EGI
$22.9K $5.73/SF
− OpEx
−$5.7K −$1.43/SF
NOI
$17.2K $4.30/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$343,800
Cap Rate 7%
$245,571
Cap Rate 9%
$191,000
Alternative Uses
Best Use
Retail
$768.7K
$672.6K – $896.8K
NOI $53,809 @ 7.0% cap · market cap 13.83%
Second Best
Specialty Retail
$245.6K
$214.9K – $286.5K
NOI $17,190 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$858.5K
$751.2K – $1.00M
NOI $60,093 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
195k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 33%
Apparel 11%
Electronics 7%
McDonald's
Dining
20,680 visits/mo
0.4 miles
Burlington
Apparel
19,453 visits/mo
0.5 miles
PetSmart
Shops & Services
14,757 visits/mo
0.3 miles
Jack in the Box
Dining
13,543 visits/mo
0.1 miles
Dollar Tree
Shops & Services
10,541 visits/mo
0.2 miles
Demographics for 63109, MO
26,777
Population
14,963
Households
1.8
Avg Household Size
39
Median Age
52%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
7,651
Density / Sq Mi
$71,563
Median Household Income
$52,245
Median Earnings
$929
Median Rent
$244,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sophia’s Crowns Flower Shop — 4500 S Kingshighway Blvd Unit 20, St. Louis, MO 63109
- Snapdragon Studio — 5600 Eichelberger St, St. Louis, MO 63109
- Bloomers Florist & Gifts — 5210 Chippewa St, St. Louis, MO 63109
- Flowers by Russell Flowers — 4769 morgan ford rd, st. louis, mo 63116
- Russell Florist — 5001 Gravois Ave, St. Louis, MO 63116
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding storefront on S. Kingshighway Blvd zoned Zone F with 18,000+ VPD visibility.
Where is this storefront property located?
The property is located at 4215 S Kingshighway Boulevard St Louis, MO.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 18,000+ VPD visibility on S. Kingshighway Boulevard near the Chippewa intersection; Two fully plumbed restrooms, including men’s with three urinals and ladies’ with multiple stalls; Open, column‑free main floor with high ceilings and exposed industrial ceiling structure
