Soulard Office/Warehouse Buildings For
620 Shenandoah & 2322 South 7th Street Saint Louis, MO 63104
For Sale
$1,895,000
Two buildings with office and warehouse space in Soulard.
Property Size37,544 SF
Lot Size2.14 Acres
Price / SF$50.47
Days on Market145
Property Features for 620 Shenandoah & 2322 South 7th Street
General Information
Standard status
Active
Size
37,544 SF
Lot size
2.14 Acres
Property subtype
Industrial
Listing Agency:
Intelica CRE
(314) 270-5993
Listed By:
Dan Merlo, CCIM · License #1999093826
Source:
Corfac
Added: Mar 5
Changed: Jul 10
Last Checked: Jul 28 at 4:50AM
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.
Two buildings totaling approximately 37,544 square feet are available for sale. The buildings, situated on 2.14 acres, include 5,785 square feet of office space. The warehouse area features clear ceiling heights of 15.5 feet and 14 feet, with column spacing of 40'x40' and 40'x24'. The property has a combined total of 5 docks and 1 drive-in door. Located in Soulard, off of 7th Street, the property is near downtown St. Louis and provides access to Highways I-55, I-44, and I-40. The property is suitable for office and warehouse use.
Key Highlights
- Prime location in the heart of Soulard, minutes from downtown St. Louis.
- Excellent highway access to I‑55, I‑44, and I‑40.
- Two buildings totaling approximately 37,544 SF of office/warehouse space on 2.14 acres.
Financial Insights For Industrial
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 | $222.6k | $5.93 |
| − Vacancy | −$10.0k | −$0.27 |
| EGI | $212.6k | $5.66 |
| − OpEx | −$63.8k | −$1.70 |
| NOI | $148.8k | $3.96 |
37,544 SF · lease $5.93/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,725 @ 7.0% cap · market cap 9.54%
Second Best
Industrial
$2.13M
$1.86M – $2.48M
NOI $148,832 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$8.06M
$7.05M – $9.40M
NOI $564,032 @ 7.0% cap · market cap 29.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
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- Nirvana Catering — 1610 Olive St, St. Louis, MO 63103
- Centenary Commissary Kitchen — 1610 Olive St, St. Louis, MO 63103
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings with office and warehouse space in Soulard.
Where is this flex space located?
The property is located at 620 Shenandoah & 2322 South 7th Street Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Prime location in the heart of Soulard, minutes from downtown St. Louis.; Excellent highway access to I‑55, I‑44, and I‑40.; Two buildings totaling approximately 37,544 SF of office/warehouse space on 2.14 acres.
