Former QuikTrip Gas
For Sale
Contact for pricing
11829 Lackland Rd St., Saint Louis, MO 63146
3,254 SF commercial building on 0.94 acres for sale.
Property Size3,254 SF
Lot Size0.94 Acres
Price / SF$276.28
Days on Market575
Property Features for 11829 Lackland Rd St.
General Information
Standard status
Active
Size
3,254 SF
Lot size
0.94 Acres
Property subtype
Land, Office, Retail
Lease Type
Absolute Net
Listing Agency:
Cornerstone Commercial Realty
Listed By:
Jason Morgan · License #MO 1999020228
(636) 733-5003
Source:
Crexi
Added: Feb 12, 2025
Changed: Sep 4
Last Checked: Sep 10 at 5:52AM
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 Cornerstone Commercial Realty
Investment Insights
Based on property information with market context.
Located at 11829 Lackland Rd, St. Louis, MO 63146, this commercial property offers approximately 3,254 square feet of building space on a 0.94-acre lot. The property, formerly a QuikTrip Convenience Store Gas Station, is available for sale. Situated in the "PDC" Planned Development Commercial District of Maryland Heights, it provides convenient access to major highways, including I-270 and the Page Extension (364), facilitating connectivity throughout St. Louis. The location benefits from high traffic and excellent visibility, complemented by ample parking. This property presents an opportunity to join a business community with established corporations and professionals, in an area with notable demographics and traffic counts, making it suitable for various business ventures.
Key Highlights
- High‑traffic location with excellent visibility in the Planned Development Commercial District of Maryland Heights.
- Easy access to major highways I‑270 and Page Extension (364).
- Formerly a QuikTrip Convenience Store Gas Station, suitable for similar ventures.
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
$43,774
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
4.87%
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%
$875,480
$875.5K
Cap Rate 7%
$625,343
$625.3K
Cap Rate 9%
$486,378
$486.4K
Market Conditions
NOI Build-Up for 3,254 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
$72.6K $22.32/SF
− Vacancy
−$10.1K −$3.10/SF
EGI
$62.5K $19.22/SF
− OpEx
−$18.8K −$5.77/SF
NOI
$43.8K $13.45/SF
Area
St. Louis County, MO
Vacancy
13.90%
Lease Rate
$22.32 /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%
$875,480
Cap Rate 7%
$625,343
Cap Rate 9%
$486,378
Alternative Uses
Best Use
Retail
$625.3K
$547.2K – $729.6K
NOI $43,774 @ 7.0% cap · market cap 4.87%
Second Best
Specialty Retail
$199.8K
$174.8K – $233.1K
NOI $13,984 @ 7.0% cap · market cap 1.56%
Theoretical Best
Office A
$698.4K
$611.1K – $814.8K
NOI $48,886 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
490
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Value Place
Hotels & Casinos
490 visits/mo
0.5 miles
Demographics for 63146, MO
31,459
Population
15,555
Households
2
Avg Household Size
40
Median Age
62%
College-Educated
97%
High-School Grad
15.5 sq mi
ZIP Area
2,030
Density / Sq Mi
$85,724
Median Household Income
$60,831
Median Earnings
$1,315
Median Rent
$283,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - 3,254 SF commercial building on 0.94 acres for sale.
Where is this gas station located?
The property is located at 11829 Lackland Rd St. Saint Louis, MO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High‑traffic location with excellent visibility in the Planned Development Commercial District of Maryland Heights.; Easy access to major highways I‑270 and Page Extension (364).; Formerly a QuikTrip Convenience Store Gas Station, suitable for similar ventures.
