Former Gas Station For
For Sale
Contact for pricing
11829 Lackland Rd, Saint Louis, MO
3,254 SF building on 0.94 acre lot available for lease.
Property Size3,254 SF
Lot Size0.94 Acres
Price / SF$276.28
Days on Market579
Property Features for 11829 Lackland Rd
General Information
Standard status
Active
Size
3,254 SF
Lot size
0.94 Acres
Property subtype
RETAIL
Properties For Sale
at 11829 Lackland Rd Contact us- Floor
- Bldg
- Size
- 3,254 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Now
- Sublease
- No
11829 Lackland Rd
> 11829 Lackland Rd., St. Louis, MO 63146
> ±3,254 SF Building on 0.94 Acre Lot
>...
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Contact us
Listing Agency:
Cornerstone Commercial Realty, Inc.
Listed By:
Jason M Morgan · License #1999020228
(314) 560-8114
Source:
Moodyscre
Added: Feb 11, 2025
Changed: Sep 3
Last Checked: Sep 12 at 4:53AM
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, Inc.
Investment Insights
Based on property information with market context.
Located at 11829 Lackland Rd. in St. Louis, MO, this property features a 3,254 square foot building on a 0.94 acre lot. Formerly a QuikTrip convenience store and gas station, all tanks, pumps, lines, and the canopy have been removed. A No Further Action Letter is in process. The property is located in a Planned Development Commercial District (PDC) within the city of Maryland Heights. The location offers excellent accessibility, with convenient proximity to major highways, including I-270 and the Page Extension (364), ensuring quick and easy connectivity to the greater St. Louis area. It benefits from a strong community and business presence, situated within a well-established and thriving business district that attracts top-tier companies and professionals. The property provides ample parking and visibility in a high-traffic location, offering excellent exposure for businesses, plus abundant on-site parking for tenants and visitors.
Key Highlights
- Excellent Accessibility: Convenient proximity to major highways I‑270 and Page Extension (364).
- ±3,254 SF Building on 0.94 Acre Lot.
- High‑traffic location with excellent visibility and ample parking.
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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Hotels & Casinos 19%
Dining 10%
Home Improvements & Furnishings 3%
QuikTrip
Shops & Services
17,593 visits/mo
0.4 miles
Circle K
Shops & Services
16,362 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,844 visits/mo
0.3 miles
Hooters
Dining
5,398 visits/mo
0.1 miles
Bank of America
Shops & Services
3,804 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 building on 0.94 acre lot available for lease.
Where is this gas station located?
The property is located at 11829 Lackland Rd 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: Excellent Accessibility: Convenient proximity to major highways I‑270 and Page Extension (364).; ±3,254 SF Building on 0.94 Acre Lot.; High‑traffic location with excellent visibility and ample parking.
