Four-Unit Multifamily Property with
For Sale
$604,900
10010 Willdan Dr, Saint Louis, MO 63123
Multifamily building with private rear decks, a spacious side yard, and convenient access to Grant's Trail.
Property Size3,496 SF
Price / SF$173.03
Days on Market9
Property Features for 10010 Willdan Dr
General Information
Standard status
Active
Size
3,496 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,977
Amenities
rear decks
large side yard
Building Details
Buildings
1
Listing Agency:
Infinity Realty LLC
Listed By:
Greg Kilper · License #2012001963
(314) 583-3878
Source:
Exprealty
Added: Sep 3
Changed: Sep 10
Last Checked: Sep 11 at 11:45AM
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 Infinity Realty LLC
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,496 square feet and offers a practical residential income configuration in Saint Louis. Each unit includes access to a rear deck, while the property also provides a substantial side yard for outdoor use. A level driveway adds convenient on-site access.
The property is located in the Lindbergh School District and is minutes from Grant's Trail. The address is 10010 Willdan Dr, Saint Louis, MO. Interior access is arranged through an approved contract to avoid disrupting occupants.
The property is located in the Lindbergh School District and is minutes from Grant's Trail. The address is 10010 Willdan Dr, Saint Louis, MO. Interior access is arranged through an approved contract to avoid disrupting occupants.
Key Highlights
- Four‑unit multifamily property with 3,496 square feet
- Rear decks serving the units
- Large side yard for outdoor use
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
$37,385
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
6.18%
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%
$747,700
$747.7K
Cap Rate 7%
$534,071
$534.1K
Cap Rate 9%
$415,389
$415.4K
Market Conditions
NOI Build-Up for 3,496 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
$56.6K $16.20/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$53.4K $15.28/SF
− OpEx
−$16.0K −$4.58/SF
NOI
$37.4K $10.69/SF
Area
St. Louis County, MO
Vacancy
5.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$747,700
Cap Rate 7%
$534,071
Cap Rate 9%
$415,389
Alternative Uses
Best Use
Multifamily LT 5
$534.1K
$467.3K – $623.1K
NOI $37,385 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$464.8K
$406.7K – $542.2K
NOI $32,534 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$750.3K
$656.5K – $875.4K
NOI $52,521 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 63123, MO
50,989
Population
23,208
Households
2.2
Avg Household Size
41
Median Age
36%
College-Educated
92%
High-School Grad
12.5 sq mi
ZIP Area
4,079
Density / Sq Mi
$74,187
Median Household Income
$43,458
Median Earnings
$987
Median Rent
$205,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily building with private rear decks, a spacious side yard, and convenient access to Grant's Trail.
Where is this quadplex located?
The property is located at 10010 Willdan Dr Saint Louis, MO.
What is the asking price?
The asking price for this property is $604,900.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,496 square feet; Rear decks serving the units; Large side yard for outdoor use
