Office/Warehouse Building on 1.07
620 Shenandoah Ave St Louis, MO
620 Shenandoah Ave St, Louis, MO, 00000
Contact for pricing
For Sale
Contact for pricing
18,570 SF office/warehouse building for sale in St Louis.
Property Size18,975 SF
Lot Size2.13 Acres
Price / SF$57.97
Days on Market2333
Property Features for 620 Shenandoah Ave St
General Information
- Standard status
- Active
- Size
- 18,975 SF
- Lot size
- 2.13 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Intelica CRE
(314) 409-1624
Listed by
Dan Merlo, CCIM
(314) 409-1624
Source
Moodyscre
Added: Feb 25, 2020 Checked: Jul 16 at 4:12 am
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 Intelica CRE
Investment Insights
Based on property information with market context.
The property is an 18,570 square foot office/warehouse building situated on 1.07 acres. The building includes 2,610 square feet of office space. The warehouse area features a 15.5-foot clear ceiling height and 40'x24' column spacing. Loading and access are facilitated by two docks and one drive-in door.
Key Highlights
- 18,570 sf office/warehouse building on 1.07 acres
- Features 2,610 sf of office space
- 15.5' clear ceiling height
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.5k | $5.93 |
| − Vacancy | −$5.1k | −$0.27 |
| EGI | $107.5k | $5.66 |
| − OpEx | −$16.1k | −$0.85 |
| NOI | $91.3k | $4.81 |
18,975 SF · lease $5.93/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,340 @ 7.0% cap · market cap 8.30%
Second Best
Industrial
$1.07M
$940.3K – $1.25M
NOI $75,221 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $285,066 @ 7.0% cap · market cap 25.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
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- Strait Group — 2300 Marconi Ave, St. Louis, MO 63110
- Midwest Moves LLC — 2616 Brannon Ave, St. Louis, MO 63139
FAQs
What type of property is this?
Warehouse - 18,570 SF office/warehouse building for sale in St Louis.
Where is this warehouse located?
The property is located at 620 Shenandoah Ave St Louis, MO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 18,570 sf office/warehouse building on 1.07 acres; Features 2,610 sf of office space; 15.5' clear ceiling height
