Mixed-Use Building with Apartment
For Sale
$329,900
1055 Old Gravois Road, Fenton, MO 63026
Mixed-use building featuring apartments and commercial potential.
Property Size2,160 SF
Lot Size0.57 Acres
Price / SF$152.73
Days on Market881
Property Features for 1055 Old Gravois Road
General Information
Standard status
Active
Size
2,160 SF
Lot size
0.57 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1990
Listing Agency:
Berkshire Hathaway Alliance
(314) 808-5759
Listed By:
Rena Mooney · License #2008037707
(314) 808-5759
Source:
Exitrealty
Added: Mar 8, 2024
Changed: Jul 10
Last Checked: Aug 6 at 5:32AM
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 Berkshire Hathaway Alliance
Investment Insights
Based on property information with market context.
This mixed-use building contains a total of five units. Four of the units are efficiency apartments, while the remaining unit is larger, featuring three bedrooms. The two front apartments offer commercial potential and could be utilized as office space. The building has a size of 2160 square feet.
Key Highlights
- New Price!
- Building with 5 units total.
- Four efficiency apartments.
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
$26,567
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
8.05%
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%
$531,340
$531.3K
Cap Rate 7%
$379,529
$379.5K
Cap Rate 9%
$295,189
$295.2K
Market Conditions
NOI Build-Up for 2,160 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
$48.9K $22.62/SF
− Vacancy
−$6.4K −$2.94/SF
EGI
$42.5K $19.68/SF
− OpEx
−$15.9K −$7.38/SF
NOI
$26.6K $12.30/SF
Area
St. Louis County, MO
Vacancy
13.00%
Lease Rate
$22.62 /SF/Yr
Expense Ratio
37.50%
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%
$531,340
Cap Rate 7%
$379,529
Cap Rate 9%
$295,189
Alternative Uses
Best Use
Mixed Use
$379.5K
$332.1K – $442.8K
NOI $26,567 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$287.2K
$251.3K – $335.0K
NOI $20,101 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$463.6K
$405.6K – $540.8K
NOI $32,450 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 63026, MO
44,648
Population
18,051
Households
2.5
Avg Household Size
41
Median Age
40%
College-Educated
93%
High-School Grad
25.3 sq mi
ZIP Area
1,765
Density / Sq Mi
$96,145
Median Household Income
$48,827
Median Earnings
$1,091
Median Rent
$281,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building featuring apartments and commercial potential.
Where is this mixed-use property located?
The property is located at 1055 Old Gravois Road Fenton, MO.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: New Price!; Building with 5 units total.; Four efficiency apartments.
