Office/Warehouse with
For Sale
$495,000
8915 S Broadway, Saint Louis, MO 63125
COMMERCIAL - Unincorporated, MO
Property Size5,200 SF
Lot Size1.20 Acres
Price / SF$95.19
Days on Market27
Property Features for 8915 S Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
A Kaysers Estate Partition
Standard status
Active
APN
27G-53-0844
Lot size
1.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6431
Building Details
Year built
1960
Floors in Building
2
Building materials
Metal Siding
Listing Agency:
LuxREco
(314) 892-5200
Listed By:
Gregory Hayden · License #1999021961
(314) 892-5200
Added: Jul 22
Changed: Aug 4
Last Checked: Aug 17 at 2:06PM
MLS# 26046332
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 for-sale commercial property includes a 5,200 sq ft office warehouse with apartments on both levels: one apartment is located on the first floor and another on the second floor. Both apartments are currently vacant. Additional storage warehouse space is also available on the second floor of the warehouse.
The sale also includes multiple additional parcels associated with 8915 S. Broadway and nearby addresses, including a fenced, vacant storage yard lot and other parcels described as storage lots and a residential rental house. The total acreage across all parcels is 1.2 acres.
According to the listing, the property is zoned Residential, with the current industrial use described as a non-conforming use that is grandfathered in.
The sale also includes multiple additional parcels associated with 8915 S. Broadway and nearby addresses, including a fenced, vacant storage yard lot and other parcels described as storage lots and a residential rental house. The total acreage across all parcels is 1.2 acres.
According to the listing, the property is zoned Residential, with the current industrial use described as a non-conforming use that is grandfathered in.
Key Highlights
- 5,200 sq ft office/warehouse with two apartments on‑site (1st- and 2nd‑floor)
- Zoned Residential, with current industrial use described as non‑conforming and grandfathered
- Two apartments are currently vacant; prior rents collected were $700/month and $400/month
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
$25,031
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
5.06%
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%
$500,620
$500.6K
Cap Rate 7%
$357,586
$357.6K
Cap Rate 9%
$278,122
$278.1K
Market Conditions
NOI Build-Up for 5,200 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
$30.8K $5.93/SF
− Vacancy
−$1.4K −$0.27/SF
EGI
$29.4K $5.66/SF
− OpEx
−$4.4K −$0.85/SF
NOI
$25.0K $4.81/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
15.00%
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%
$500,620
Cap Rate 7%
$357,586
Cap Rate 9%
$278,122
Alternative Uses
Best Use
Warehouse
$357.6K
$312.9K – $417.2K
NOI $25,031 @ 7.0% cap · market cap 5.06%
Second Best
Industrial
$294.5K
$257.7K – $343.6K
NOI $20,614 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.12M
$976.5K – $1.30M
NOI $78,121 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63125, MO
32,816
Population
14,741
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
3,315
Density / Sq Mi
$59,683
Median Household Income
$40,409
Median Earnings
$920
Median Rent
$166,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sugarwitch — 7726 Virginia Ave, St. Louis, MO 63111
Frequently Asked Questions
What type of property is this?
Flex space - Multi-parcel property includes a 5,200 sq ft office warehouse with two vacant apartments plus additional storage and fenced yard lots.
Where is this flex space located?
The property is located at 8915 S Broadway Saint Louis, MO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 5,200 sq ft office/warehouse with two apartments on‑site (1st- and 2nd‑floor); Zoned Residential, with current industrial use described as non‑conforming and grandfathered; Two apartments are currently vacant; prior rents collected were $700/month and $400/month
