Industrial Building with
For Sale
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1247 Belgrove Dr, Saint Louis, MO 63137
12,600 SF industrial building with warehouse and office space.
Property Size12,600 SF
Price / SF$43.57
Days on Market930
Property Features for 1247 Belgrove Dr
General Information
Standard status
Active
Size
12,600 SF
Class
D
Total Parking Spaces
6
Property subtype
Industrial
Zoning
Light Industrial
Building Details
Year Built
1989
Buildings
1
Stories
1
Units
1
Listing Agency:
Barbermurphy Group
Listed By:
Tony Smallmon · License #IL 475120946
(618) 407-4240
Source:
Crexi
Added: Apr 2, 2024
Changed: Oct 2
Last Checked: Oct 16 at 6:27AM
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 Barbermurphy Group
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Investment Insights
Based on property information with market context.
This 12,600 square foot industrial building is available for sale or lease. The property includes an 11,400 square foot warehouse featuring two 12-foot by 10-foot drive-in doors and one 12-foot by 14-foot drive-in door. It is equipped with 480 volt, 3-phase, 400 amp electric service and a 3-ton bridge crane with a 6-foot hook height. The building also contains 1,200 square feet of office space. Previously used as a machine shop, the property is situated in an industrial area, approximately 0.40 miles south of I-270 (exit 33) and Lilac Avenue.
Key Highlights
- Convenient location: 0.40 miles South of I‑270 (exit 33) and Lilac Ave.
- Substantial warehouse space: 11,400 SF
- Heavy power capacity: 480 volt, 3‑phase, 400 amp electric service.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,949
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,980
$999.0K
Cap Rate 7%
$713,557
$713.6K
Cap Rate 9%
$554,989
$555.0K
Market Conditions
NOI Build-Up for 12,600 SF
Gross rent
$74.7K $5.93/SF
− Vacancy
−$3.4K −$0.27/SF
EGI
$71.4K $5.66/SF
− OpEx
−$21.4K −$1.70/SF
NOI
$49.9K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,980
Cap Rate 7%
$713,557
Cap Rate 9%
$554,989
Alternative Uses
Best Use
Industrial
$713.6K
$624.4K – $832.5K
NOI $49,949 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.37M – $3.15M
NOI $189,293 @ 7.0% cap · market cap 34.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 63137, MO
18,765
Population
9,708
Households
1.9
Avg Household Size
36
Median Age
15%
College-Educated
89%
High-School Grad
7.1 sq mi
ZIP Area
2,643
Density / Sq Mi
$45,597
Median Household Income
$31,822
Median Earnings
$1,017
Median Rent
$79,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - 12,600 SF industrial building with warehouse and office space.
Where is this manufacturing property located?
The property is located at 1247 Belgrove Dr Saint Louis, MO.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Convenient location: 0.40 miles South of I‑270 (exit 33) and Lilac Ave.; Substantial warehouse space: **11,400 SF**; Heavy power capacity: 480 volt, 3‑phase, 400 amp electric service.
