Restaurant on Gravois
For Sale
Contact for pricing
8713 Gravois Rd, Saint Louis, MO
Restaurant property for sale on Gravois Road.
Property Size3,093 SF
Lot Size0.35 Acres
Price / SF$225.99
Days on Market572
Property Features for 8713 Gravois Rd
General Information
Standard status
Active
Size
3,093 SF
Lot size
0.35 Acres
Property subtype
RETAIL
Listing Agency:
Kramer Commercial Realty
(314) 221-6278
Listed By:
Mark R Kramer · License #2007037354
(314) 221-6278
Source:
Moodyscre
Added: Jan 22, 2025
Changed: Jul 6
Last Checked: Aug 16 at 6:30AM
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 Kramer Commercial Realty
Investment Insights
Based on property information with market context.
Located at 8713 Gravois Road in unincorporated St. Louis County, Missouri, this property is zoned "C-2", Shopping District. The property, built in 1947, includes a restaurant building with a total area of 3,093 square feet situated on a 0.30-acre lot, which is equivalent to 13,087 square feet. The land to building ratio is 4.23:1. The parcel identification number is 25J:34:0311.
Key Highlights
- Restaurant property with existing 3,093 sq ft building ready for immediate use.
- Located on Gravois Road in Unincorporated St. Louis County.
- Zoned “C‑2” Shopping District, allowing for a variety of business opportunities.
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
$41,608
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
5.95%
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%
$832,160
$832.2K
Cap Rate 7%
$594,400
$594.4K
Cap Rate 9%
$462,311
$462.3K
Market Conditions
NOI Build-Up for 3,093 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
$69.0K $22.32/SF
− Vacancy
−$9.6K −$3.10/SF
EGI
$59.4K $19.22/SF
− OpEx
−$17.8K −$5.77/SF
NOI
$41.6K $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%
$832,160
Cap Rate 7%
$594,400
Cap Rate 9%
$462,311
Alternative Uses
Best Use
Retail
$594.4K
$520.1K – $693.5K
NOI $41,608 @ 7.0% cap · market cap 5.95%
Second Best
Specialty Retail
$189.9K
$166.2K – $221.5K
NOI $13,292 @ 7.0% cap · market cap 1.90%
Theoretical Best
Office A
$663.8K
$580.8K – $774.5K
NOI $46,467 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 37%
Dining 7%
Schnucks
Groceries
27,771 visits/mo
0.5 miles
Family Dollar
Shops & Services
10,304 visits/mo
0.4 miles
Phillips 66
Shops & Services
7,947 visits/mo
0.5 miles
McDonald's
Dining
3,508 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Eclectic Cuisine — 8505 Vasel Ave, Affton, MO 63123
- La colombianita food truck — 9375 Gravois Rd, Affton, MO 63123
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant property for sale on Gravois Road.
Where is this restaurant located?
The property is located at 8713 Gravois Rd Saint Louis, MO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Restaurant property with existing 3,093 sq ft building ready for immediate use.; Located on Gravois Road in Unincorporated St. Louis County.; Zoned “C‑2” Shopping District, allowing for a variety of business opportunities.
