Industrial Building in 39
For Sale
Contact for pricing
1241 Ambassador Blvd, Saint Louis, MO
58,631 SF industrial building with office and heavy power.
Property Size58,631 SF
Lot Size3.42 Acres
Price / SF$93.81
Days on Market517
Property Features for 1241 Ambassador Blvd
General Information
Standard status
Active
Size
58,631 SF
Lot size
3.42 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers
(314) 863-4447
Listed By:
Joseph Hill, CCIM, SIOR
(314) 365-3529
Source:
Moodyscre
Added: Apr 10, 2025
Changed: Jul 6
Last Checked: Sep 7 at 7:58AM
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 Colliers
Investment Insights
Based on property information with market context.
This is a 58,631 SF single-tenant industrial building featuring 9,500 SF of office and showroom space. The building has a 20’ clear height and is equipped with five docks that include pit levelers, as well as three drive-in doors. It offers 3-phase, 1,200-amp, 240-volt heavy power. There are 70 parking spaces available, with the potential for expansion. The property is located in the 39 North district and is near North Lindbergh Blvd.
Key Highlights
- 58,631 SF single‑tenant industrial building
- Heavy power: 3‑phase, 1,200‑amp, 240‑volt
- Benefit from five (5) docks with pit levelers
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
$282,231
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
5.13%
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%
$5,644,620
$5.6M
Cap Rate 7%
$4,031,871
$4.0M
Cap Rate 9%
$3,135,900
$3.1M
Market Conditions
NOI Build-Up for 58,631 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
$347.7K $5.93/SF
− Vacancy
−$15.6K −$0.27/SF
EGI
$332.0K $5.66/SF
− OpEx
−$49.8K −$0.85/SF
NOI
$282.2K $4.81/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
15.00%
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%
$5,644,620
Cap Rate 7%
$4,031,871
Cap Rate 9%
$3,135,900
Alternative Uses
Best Use
Warehouse
$4.03M
$3.53M – $4.70M
NOI $282,231 @ 7.0% cap · market cap 5.13%
Second Best
Industrial
$3.32M
$2.91M – $3.87M
NOI $232,425 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$12.58M
$11.01M – $14.68M
NOI $880,827 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 58,631 SF industrial building with office and heavy power.
Where is this warehouse located?
The property is located at 1241 Ambassador Blvd Saint Louis, MO.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 58,631 SF single‑tenant industrial building; Heavy power: 3‑phase, 1,200‑amp, 240‑volt; Benefit from **five (5) docks with pit levelers**
