Industrial Building with Outside
For Sale
Contact for pricing
9550 True Dr, Saint Louis, MO
46,237 SF industrial building on 2.8 acres.
Property Size46,237 SF
Lot Size2.80 Acres
Price / SF$52.99
Days on Market586
Property Features for 9550 True Dr
General Information
Standard status
Active
Size
46,237 SF
Lot size
2.80 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Savoy Properties, LLC
(314) 909-8400
Listed By:
Ben Friedman
(314) 283-9235
Source:
Moodyscre
Added: Mar 20, 2025
Changed: Oct 25
Last Checked: Oct 24 at 7:00PM
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 Savoy Properties, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property features a 46,237 square foot building situated on 2.8 acres. It includes a large fenced lot suitable for outside storage of vehicles, equipment, or materials. The building contains approximately 4,000 square feet of existing office space. Loading is facilitated by 1 dock and 2 drive-in doors. There is potential to add 2 additional docks. The property is equipped with heavy power and provides 35 striped car parking spaces in addition to the fenced lot.
Key Highlights
- Large 46,237 square foot building on 2.8 acres
- Large fenced lot for outside storage
- Heavy power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,570
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,451,400
$4.5M
Cap Rate 7%
$3,179,571
$3.2M
Cap Rate 9%
$2,473,000
$2.5M
Market Conditions
NOI Build-Up for 46,237 SF
Gross rent
$274.2K $5.93/SF
− Vacancy
−$12.3K −$0.27/SF
EGI
$261.8K $5.66/SF
− OpEx
−$39.3K −$0.85/SF
NOI
$222.6K $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 Rate 5%
$4,451,400
Cap Rate 7%
$3,179,571
Cap Rate 9%
$2,473,000
Alternative Uses
Best Use
Warehouse
$3.18M
$2.78M – $3.71M
NOI $222,570 @ 7.0% cap · market cap 9.08%
Second Best
Industrial
$2.62M
$2.29M – $3.05M
NOI $183,293 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$9.92M
$8.68M – $11.58M
NOI $694,629 @ 7.0% cap · market cap 28.35%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Helsinki Self Storage Facility — 9387 Dielman Industrial Dr, Olivette, MO 63132
- Extra Space Storage — 1600 Woodson Rd, St. Louis, MO 63114
- A1 U Store It — 10000 Page Ave, St. Louis, MO 63132
Frequently Asked Questions
What type of property is this?
Warehouse - 46,237 SF industrial building on 2.8 acres.
Where is this warehouse located?
The property is located at 9550 True Dr Saint Louis, MO.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Large 46,237 square foot building on 2.8 acres; Large fenced lot for outside storage; Heavy power
