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    8035 N Broadway St Louis, MO 63147

    Sponsored
    For Sale
    $250,000

    Apartment Style,Colonial,Historic,Traditional, 2-4 Units - St Louis, MO

    Property size:
    11,972 SF
    Lot size:
    0.11 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 23 at 9:06 am

    Property Features for 8035 N Broadway St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    4239-01-0121-7
    Parking
    10
    Parking features
    Garage, Off Street, Parking Lot, Paved or Surfaced
    Basement Y/N
    1
    Size
    11,972 SF
    Lot size
    0.11 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1850
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Julie Carter
    Julie Carter

    Worth Clark, Inc. (800) 991-6092

    Listing agent Julie Carter (314) 222-0065 License #2023023218

    Listing date Jan 13, 2026

    MLS# 26000284 Listing URL

    Copyright © 2026 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Building in St. Louis

    This 100% leased mixed-use building in St. Louis presents a turnkey investment opportunity with potential for value enhancement. The building, constructed in 1850, has been maintained by its current and previous owners. Significant renovations were completed in 2023, including tuckpointing and foundation reinforcement with new joists, load-bearing beams, and footings. The main level is occupied by a daycare facility, leasing two combined units at a monthly rate of $1,700 on a gross lease, with scheduled rent increases to $1,802 on 6/1/2026 and $1,910.12 on 6/1/2027. The daycare tenant is responsible for all unit repairs and utilities, including water, sewer, power, and trash. The daycare facility was fully renovated less than 10 years ago. The second level contains two 2-bedroom/1 bath units, one with in-unit laundry. Unit A is month-to-month at $750 per month since the lease expired on 12/31/2024, and Unit B is month-to-month at $650 per month since the lease expired on 6/1/2023. Tenants cover all utilities. The property features sidewalks along the front and paved parking in the back. The north building entrance is gated with secure access and a play area for the daycare. Nearby businesses include Events on Broadway, Laundry Detergent (AKA the SOAP SHOP), City Wide Convenience Store, Me-N-U Barber Shop & Beauty Salon, resale stores, and a brewery. Busche Park is located 0.6 miles away. The property is a short drive to I-70 and I-270.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Restaurant Law Firm Building Supply Hotel & Motel Clothing Store Wholesale Shop Storage Facility Accounting Firm Grocery Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.2305773
    Latitude
    38.71014669

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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey, 100% leased mixed-use building with value-add opportunities.
    Where is this mixed-use property located?
    The property is located at 8035 N Broadway St Louis, MO.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Turnkey, 100% leased mixed-use building with immediate income and value-add potential.; - Strong Net Operating Income (NOI) of approximately $30,000 in 2025 with gross income at $37,200.; - Significant capital improvements completed in 2023, including tuckpointing and foundation reinforcement (approximately $43,000 total).
    (618) 789-6387
    Request Owner's contact information
    8035 N Broadway St Louis, MO 63147
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    Louis, MO 63147
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8035 N Broadway St Louis, MO 63147
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    We can help!
    Listing Contact
    Julie Carter
    Julie Carter
    Real Estate License ID: 2023023218
    (618) 789-6387
    Learn more
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