Industrial Flex
For Sale
Contact for pricing
101 Workman Ct, Eureka, MO 63025
For sale industrial flex property totaling 220,000 square feet in Eureka, MO.
Property Size220,000 SF
Price / SF$84.09
Days on Market173
Property Features for 101 Workman Ct
General Information
Standard status
Active
Size
220,000 SF
Property subtype
Industrial
Lease Type
NNN
Building Details
Year Built
2007
Listing Agency:
NAI DESCO
Listed By:
Bob Staniforth, SIOR · License #MO 1999030255
(314) 994-4800
Source:
Crexi
Added: Mar 17
Changed: Aug 14
Last Checked: Sep 3 at 12:36AM
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 NAI DESCO
Investment Insights
Based on property information with market context.
Offered for sale is an industrial flex property totaling 220,000 square feet. The offering is marketed as industrial commercial real estate and flex space, providing a single large-footprint facility suitable for industrial uses.
The property is located at 101 Workman Ct in Eureka, Missouri. This address identifies the site for prospective buyers and brokers who want to review accessibility and on-site conditions directly.
Additional building details are not provided in the available information, so interested parties should confirm specifications, condition, and any existing improvements during due diligence.
The property is located at 101 Workman Ct in Eureka, Missouri. This address identifies the site for prospective buyers and brokers who want to review accessibility and on-site conditions directly.
Additional building details are not provided in the available information, so interested parties should confirm specifications, condition, and any existing improvements during due diligence.
Key Highlights
- Industrial flex property for sale totaling 220,000 sq ft
- 220,000 sq ft industrial flex property located in Eureka, MO
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
$872,125
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
4.71%
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%
$17,442,500
$17.4M
Cap Rate 7%
$12,458,929
$12.5M
Cap Rate 9%
$9,690,278
$9.7M
Market Conditions
NOI Build-Up for 220,000 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
$1.30M $5.93/SF
− Vacancy
−$58.7K −$0.27/SF
EGI
$1.25M $5.66/SF
− OpEx
−$373.8K −$1.70/SF
NOI
$872.1K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /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%
$17,442,500
Cap Rate 7%
$12,458,929
Cap Rate 9%
$9,690,278
Alternative Uses
Best Use
Industrial
$12.46M
$10.90M – $14.54M
NOI $872,125 @ 7.0% cap · market cap 4.71%
Second Best
Flex RnD
$11.71M
$10.24M – $13.66M
NOI $819,390 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$47.22M
$41.31M – $55.09M
NOI $3,305,111 @ 7.0% cap · market cap 17.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63025, MO
16,742
Population
6,726
Households
2.5
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
41.7 sq mi
ZIP Area
401
Density / Sq Mi
$134,266
Median Household Income
$67,491
Median Earnings
$1,195
Median Rent
$363,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - For sale industrial flex property totaling 220,000 square feet in Eureka, MO.
Where is this flex space located?
The property is located at 101 Workman Ct Eureka, MO.
What is the asking price?
The asking price for this property is $18,500,000.
What are key features of this property?
This property features: Industrial flex property for sale totaling 220,000 sq ft; 220,000 sq ft industrial flex property located in Eureka, MO
