Retail and Apartment
For Sale
Contact for pricing
Pending
1126 N 2nd St, Saint Charles, MO 63301
Mixed-use building with ground-floor retail/office space and three upper-floor apartments, offered as-is and needing full rehab.
Property Size2,969 SF
Days on Market66
Property Features for 1126 N 2nd St
General Information
Standard status
Pending
Size
2,969 SF
Property subtype
RETAIL
Additional Details
Multifamily Units
3
Listing Agency:
Shockley Commercial/Industrial
(636) 946-9753
Listed By:
Trevor Shockley
(314) 280-5037
Source:
Moodyscre
Added: Jul 10
Changed: Sep 6
Last Checked: Sep 13 at 9:56AM
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 Shockley Commercial/Industrial
Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 2,969 square feet with retail/office space on the main level and three apartments on the upper floors. The building is offered for sale as-is and needs full rehab.
The property is located at 1126 N 2nd St in St. Charles, MO, described as down the street from the new St. Charles City Hall and Historic Main Street.
The layout provides a combined income setup with street-level commercial space and separate residential units above, though the condition will require significant renovation to bring it to marketable use.
The property is located at 1126 N 2nd St in St. Charles, MO, described as down the street from the new St. Charles City Hall and Historic Main Street.
The layout provides a combined income setup with street-level commercial space and separate residential units above, though the condition will require significant renovation to bring it to marketable use.
Key Highlights
- Mixed‑use building with 2,969 SF total, including ground‑floor retail/office and three upper‑floor apartments
- Upper floors include 3 apartments
- Main level offers retail/office space
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
$29,785
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
9.05%
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%
$595,700
$595.7K
Cap Rate 7%
$425,500
$425.5K
Cap Rate 9%
$330,944
$330.9K
Market Conditions
NOI Build-Up for 2,969 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
$57.0K $19.20/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$54.2K $18.24/SF
− OpEx
−$24.4K −$8.21/SF
NOI
$29.8K $10.03/SF
Area
St. Charles County, MO
Vacancy
5.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
45.00%
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%
$595,700
Cap Rate 7%
$425,500
Cap Rate 9%
$330,944
Alternative Uses
Best Use
Retail
$585.8K
$512.6K – $683.5K
NOI $41,008 @ 7.0% cap · market cap 12.46%
Second Best
Multifamily LT 5
$458.1K
$400.9K – $534.5K
NOI $32,069 @ 7.0% cap · market cap 9.75%
Theoretical Best
Warehouse
$785.8K
$687.6K – $916.7K
NOI $55,004 @ 7.0% cap · market cap 16.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 63301, MO
50,890
Population
22,687
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
94%
High-School Grad
84.3 sq mi
ZIP Area
604
Density / Sq Mi
$83,551
Median Household Income
$46,433
Median Earnings
$1,093
Median Rent
$249,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Mixed-use building with ground-floor retail/office space and three upper-floor apartments, offered as-is and needing full rehab.
Where is this triplex located?
The property is located at 1126 N 2nd St Saint Charles, MO.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Mixed‑use building with 2,969 SF total, including ground‑floor retail/office and three upper‑floor apartments; Upper floors include 3 apartments; Main level offers retail/office space
