Two-Suite Brick Office
For Sale
$450,000
1120 Graham Road, Florissant, MO 63031
One unit is leased, while the other is available for occupancy or leasing.
Property Size2,466 SF
Price / SF$182.48
Days on Market58
Property Features for 1120 Graham Road
General Information
Standard status
Active
Size
2,466 SF
Property subtype
Commercial
Additional Details
Office Units
2
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$9,678
Building Details
Building Size
2,466 SF
Year Built
1981
Construction
brick
Tenancy
Multi
Listing Agency:
Exit Elite Realty
(636) 464-3222
Listed By:
Jordan Cooper · License #2018025264
(636) 375-1543
Source:
Flowershomerealty
Added: Aug 28
Changed: Oct 23
Last Checked: Oct 23 at 4:36PM
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 Exit Elite Realty
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Investment Insights
Based on property information with market context.
This 2,466-square-foot office property in Florissant contains two suites within an all-brick building constructed in 1981. Recent property updates include a newer roof and new HVAC systems. Edward Jones occupies one suite, and the second is vacant, providing a choice between using the available space or leasing it to another business.
Located at 1120 Graham Road, the property combines an existing tenant with a separate suite available for use or lease.
Located at 1120 Graham Road, the property combines an existing tenant with a separate suite available for use or lease.
Key Highlights
- 2,466‑square‑foot office building with two suites
- All‑brick exterior; built in 1981
- Edward Jones occupies one suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,094
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,880
$601.9K
Cap Rate 7%
$429,914
$429.9K
Cap Rate 9%
$334,378
$334.4K
Market Conditions
NOI Build-Up for 2,466 SF
Gross rent
$55.0K $22.32/SF
− Vacancy
−$14.9K −$6.05/SF
EGI
$40.1K $16.27/SF
− OpEx
−$10.0K −$4.07/SF
NOI
$30.1K $12.20/SF
Area
St. Louis County, MO
Vacancy
27.10%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,880
Cap Rate 7%
$429,914
Cap Rate 9%
$334,378
Alternative Uses
Best Use
Office B
$429.9K
$376.2K – $501.6K
NOI $30,094 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.2K
$463.1K – $617.5K
NOI $37,047 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 63031, MO
47,609
Population
21,159
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
3,153
Density / Sq Mi
$71,783
Median Household Income
$42,920
Median Earnings
$1,351
Median Rent
$144,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - One unit is leased, while the other is available for occupancy or leasing.
Where is this office building located?
The property is located at 1120 Graham Road Florissant, MO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,466‑square‑foot office building with two suites; All‑brick exterior; built in 1981; Edward Jones occupies one suite
