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Renovated Retail Building For Sale

10004 Gravois Rd St., Louis, MO 63123

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For Sale

Contact for pricing

Value-add opportunity with stable NNN lease and high visibility.

Type:Retail

Property size:

5,453 SF

Price / SF:

$183/SF

HighLights

Value‑add opportunity with significant upside potential due to 31% occupancy.
Recently renovated building with new electrical, HVAC, roof, plumbing, and parking lot.
Located at a signalized hard corner with high visibility to over 20,000 cars daily.
Stable NNN corporate lease with ACE Cash Express.
Located in a densely populated area with 289,459 residents within a 5‑mile radius.
Affluent demographic with an average household income exceeding $91,000 within the area.

We can help!

Contact an agent

Ben Cherry, CCIM

Learn more

For Sale

Contact for pricing

Value-add opportunity with stable NNN lease and high visibility.

Type:Retail

Property size:

5,453 SF

Price / SF:

$183/SF

Added:: Sep 8, 2024
Days on Market:: 667
Last Refresh:: Jul 5 at 12:37 pm

Property Features for 10004 Gravois Rd St.

General Information

Standard status: Active
Size: 5,453 SF
Property subtype: Retail

Building Details

Year Built: 1960

We can help!

Contact an agent

Ben Cherry, CCIM

Listing office Manor Real Estate

Listing date Sep 8, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Manor Real Estate

HighLights

Value‑add opportunity with significant upside potential due to 31% occupancy.
Recently renovated building with new electrical, HVAC, roof, plumbing, and parking lot.
Located at a signalized hard corner with high visibility to over 20,000 cars daily.
Stable NNN corporate lease with ACE Cash Express.
Located in a densely populated area with 289,459 residents within a 5‑mile radius.
Affluent demographic with an average household income exceeding $91,000 within the area.

Overview

This value-add opportunity features a recently renovated building with new electrical systems, HVAC, roof, plumbing, and parking lot. The property is currently 31% occupied with leases through 3/31/2029. Located at a signalized hard corner, the building benefits from high visibility, with over 20,000 cars passing daily. Situated in a densely populated area with 289,459 residents within a 5-mile radius, the location is approximately 25 minutes by car from downtown St. Louis and St. Louis Lambert International Airport. The property includes a stable NNN corporate lease with ACE Cash Express. The surrounding area has an affluent demographic with an average household income exceeding $91,000.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$121.7k	$22.32
− Vacancy	−$16.9k	−$3.10
EGI	$104.8k	$19.22
− OpEx	−$31.4k	−$5.77
NOI	$73.4k	$13.45

5,453 SF · lease $22.32/SF/yr · vacancy 13.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.05M

$916.9K – $1.22M (±1% cap)

NOI $73,355 @ 7.0% cap · market cap 7.34%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.17M

$1.02M – $1.37M (±1% cap)

NOI $81,922 @ 7.0% cap · market cap 8.20%

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

Location Intelligence

Current Use by Public Records

Strip malls

Map

City: Louis
County: St. Louis
State: Missouri
Longitude: -90.3278
Latitude: 38.5492

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For sale
Strip malls
MO
Saint Louis
63123
10004 Gravois Rd St.

What type of property is this?

Strip mall - Value-add opportunity with stable NNN lease and high visibility.

Where is this strip mall located?

The property is located at 10004 Gravois Rd St. Louis, MO.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: Value‑add opportunity with significant upside potential due to 31% occupancy.; **Recently renovated building** with new electrical, HVAC, roof, plumbing, and parking lot.; **Located at a signalized hard corner with high visibility** to over 20,000 cars daily.