1010 Miralago Way, Cottleville, MO 63376

Building Details

Building Size 13,000 SF More

Year Built 1993 More

Buildings 1 More

Stories 2 More

Tenancy Single More

Listing Agency: RE/MAX EDGE m***@edgestl.com Show Phone

Listed By: Mark Cooper Show Phone

Source: Flowershomerealty

Added: Sep 21 Changed: Nov 6 Last Checked: Nov 6 at 3:02PM

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Investment Insights

Based on property information with market context.

This retail property offers approximately 13,000 square feet across two levels, configured as showroom and merchandising space. The sale includes the retail operation, which carries furniture, home decor, florals, gifts, seasonal goods, apparel, and lifestyle products. Interior decorating and design consultation services are also part of the business. The freestanding commercial building was built in 1993 and has customer parking.

Located at 1010 Miralago Way in Cottleville, the property is near Mid Rivers Mall Drive and serves the St. Charles County market. The existing operation and its varied merchandise categories provide a functioning retail setup within the property.

Key Highlights

• Approximately 13,000 square feet of retail space across two levels
• Sale includes the retail business and commercial property
• Merchandise includes furniture, home decor, florals, gifts, apparel, and seasonal goods

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$179,558

Cap Rate

7.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,591,160 $3.6M

Cap Rate 7%

$2,565,114 $2.6M

Cap Rate 9%

$1,995,089 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,000 SF

Gross rent

$294.8K $22.68/SF

− Vacancy

−$38.3K −$2.95/SF

EGI

$256.5K $19.73/SF

− OpEx

−$77.0K −$5.92/SF

NOI

$179.6K $13.81/SF

Area

St. Charles County, MO

Vacancy

13.00%

Lease Rate

$22.68 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,591,160

Cap Rate 7%

$2,565,114

Cap Rate 9%

$1,995,089

Alternative Uses

Best Use

Retail

$2.57M

$2.24M – $2.99M (±1% cap)

NOI $179,558 @ 7.0% cap · market cap 7.18%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$3.44M

$3.01M – $4.01M (±1% cap)

NOI $240,840 @ 7.0% cap · market cap 9.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Locksmith Tanning Salon Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

776

Businesses Nearby

729k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Apparel 44% Shops & Services 25% Dining 23% Electronics 6%

Marshalls Apparel

71,334 visits/mo 0.1 miles

Academy Sports + Outdoors Apparel

55,410 visits/mo 0.1 miles

QuikTrip Shops & Services

53,567 visits/mo 0.3 miles

Macy's Apparel

51,554 visits/mo 0.3 miles

Costco Gasoline Shops & Services

42,127 visits/mo 0.5 miles

Demographics for 63376, MO

76,064

Population

30,718

Households

2.5

Avg Household Size

41

Median Age

39%

College-Educated

96%

High-School Grad

40.1 sq mi

ZIP Area

1,897

Density / Sq Mi

$94,921

Median Household Income

$49,754

Median Earnings

$1,319

Median Rent

$255,500

Median Home Value

Market

Properties on Market for Retail space in St. Charles County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - The offering combines an operating home furnishings and lifestyle business with its commercial property.

Where is this retail space located?

The property is located at 1010 Miralago Way Cottleville, MO.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Approximately 13,000 square feet of retail space across two levels; Sale includes the retail business and commercial property; Merchandise includes furniture, home decor, florals, gifts, apparel, and seasonal goods