Tilt-Up Industrial Manufacturing
For Sale
Contact for pricing
101 Workman Rd, Eureka, MO 63025
Tilt-up manufacturing facility with 32–36’ clear heights, ESFR sprinklers, multiple docks, and in-place cranes.
Property Size220,000 SF
Price / SF$84.09
Days on Market229
Property Features for 101 Workman Rd
General Information
Standard status
Active
Size
220,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI DESCO
(314) 994-4444
Listed By:
Robert J (Bob) Staniforth, SIOR · License #1999030255
(314) 994-4800
Source:
Moodyscre
Added: Jan 27
Changed: Sep 7
Last Checked: Sep 12 at 8:27AM
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.
This tilt-up manufacturing facility offers approximately 220,000 SF and includes office space across three sections totaling 21,810 SF. The warehouse provides clear heights ranging from 32’ to 36’, with floor slabs featuring 6” minimum thickness up to 10”–16” with floor drains. The building is heated and cooled throughout, supported by an ESFR sprinkler system and LED lighting. Dock loading includes 15 doors (13 north and 2 south), plus one 12’ x 14’ drive-in door and one 9’ wide garage door. A craneway system is in place, and racking is in place, though no crane is currently installed.
Power is described as 3-phase 480/277V with 12.4 kV high voltage and two transformers. The property is positioned for access to I-44 at Six Flags and is noted as approximately 8 minutes west of I-270.
The facility is described as expandable and divisible, with potential Chapter 100 incentives referenced in the remarks.
Power is described as 3-phase 480/277V with 12.4 kV high voltage and two transformers. The property is positioned for access to I-44 at Six Flags and is noted as approximately 8 minutes west of I-270.
The facility is described as expandable and divisible, with potential Chapter 100 incentives referenced in the remarks.
Key Highlights
- Tilt‑up manufacturing facility totaling ±220,000 SF, expandable and divisible, with ±21,810 SF of office across three sections
- 32’–36’ clear heights with full building heating and cooling, plus floor drains and LED lighting
- Sprinkler ESFR fire protection and floors with 6” minimum up to 10”–16” thickness with floor drains
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
—
—
no second resolved use
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
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Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Tilt-up manufacturing facility with 32–36’ clear heights, ESFR sprinklers, multiple docks, and in-place cranes.
Where is this manufacturing property located?
The property is located at 101 Workman Rd 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: Tilt‑up manufacturing facility totaling ±220,000 SF, expandable and divisible, with ±21,810 SF of office across three sections; 32’–36’ clear heights with full building heating and cooling, plus floor drains and LED lighting; Sprinkler ESFR fire protection and floors with 6” minimum up to 10”–16” thickness with floor drains
