Single-Tenant Industrial with Dock
For Sale
$3,295,000
3001 Washington Ave, Saint Louis, MO 63103
Industrial building with reinforced floors, dock-high access, and private fenced outside storage.
Property Size62,154 SF
Lot Size0.64 Acres
Price / SF$53.01
Days on Market76
Property Features for 3001 Washington Ave
General Information
Standard status
Active
Size
62,154 SF
Lot size
0.64 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
14 ft
Dock-High Doors
4
Drive-In Doors
2
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Building Size
62,154 SF
Year Built
1923
Tenancy
Single
Listing Agency:
Intelica CRE
(636) 346-3490
Listed By:
Austin Dazey
Source:
Corfac
Added: Jun 7
Changed: Aug 11
Last Checked: Aug 21 at 4:10AM
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.
This single-tenant industrial property includes newly updated office space and a functional warehouse setup designed for flexible operations. The building features three levels of heavily reinforced concrete floors, 13 to 14 feet of clear height, four dock-high doors, and two large drive-in doors for efficient loading and receiving. A private side lot is available for fenced outside storage, supporting business needs that require material staging or equipment storage outdoors.
The property is located directly off Washington Blvd, with close proximity to Hwy-64 and Olive Street. It sits on a 0.64-acre site and is configured as a self-contained building with outside storage space.
The combination of warehouse access points, reinforced floor capacity, and on-site power and fire protection makes this property a practical fit for industrial users seeking dedicated facilities. The renovated 5,000 SF office space with 3-phase power and sprinkler system can support day-to-day administrative needs alongside warehouse operations. The fenced side lot and drive-in flexibility also align with self-storage style concepts such as pod or traditional storage, depending on operating requirements.
The property is located directly off Washington Blvd, with close proximity to Hwy-64 and Olive Street. It sits on a 0.64-acre site and is configured as a self-contained building with outside storage space.
The combination of warehouse access points, reinforced floor capacity, and on-site power and fire protection makes this property a practical fit for industrial users seeking dedicated facilities. The renovated 5,000 SF office space with 3-phase power and sprinkler system can support day-to-day administrative needs alongside warehouse operations. The fenced side lot and drive-in flexibility also align with self-storage style concepts such as pod or traditional storage, depending on operating requirements.
Key Highlights
- 62,154 SF industrial building on a ±0.64‑acre fenced site in Saint Louis City
- Heavily reinforced concrete floors across three levels
- 4 dock‑high doors plus 2 large drive‑ins with 13'-14' clear height
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
$299,189
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
9.08%
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%
$5,983,780
$6.0M
Cap Rate 7%
$4,274,129
$4.3M
Cap Rate 9%
$3,324,322
$3.3M
Market Conditions
NOI Build-Up for 62,154 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
$368.6K $5.93/SF
− Vacancy
−$16.6K −$0.27/SF
EGI
$352.0K $5.66/SF
− OpEx
−$52.8K −$0.85/SF
NOI
$299.2K $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 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%
$5,983,780
Cap Rate 7%
$4,274,129
Cap Rate 9%
$3,324,322
Alternative Uses
Best Use
Self Storage
$12.23M
$10.70M – $14.27M
NOI $856,207 @ 7.0% cap · market cap 25.99%
Second Best
Office B
$10.84M
$9.48M – $12.64M
NOI $758,494 @ 7.0% cap · market cap 23.02%
Theoretical Best
Office A
$13.34M
$11.67M – $15.56M
NOI $933,754 @ 7.0% cap · market cap 28.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
4
Dock-high doors
2
Drive-in doors
Single-tenant
Tenancy
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 63103, MO
9,411
Population
5,990
Households
1.6
Avg Household Size
31
Median Age
51%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
4,278
Density / Sq Mi
$37,500
Median Household Income
$36,091
Median Earnings
$978
Median Rent
$205,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Iron Mountain — 2620 Samuel Shepard Dr, St. Louis, MO 63103
- My Garage — 3001 Washington Ave, St. Louis, MO 63103
- Store Space Self Storage — 725 N 23rd St, St. Louis, MO 63103
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with reinforced floors, dock-high access, and private fenced outside storage.
Where is this warehouse located?
The property is located at 3001 Washington Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: 62,154 SF industrial building on a ±0.64‑acre fenced site in Saint Louis City; Heavily reinforced concrete floors across three levels; 4 dock‑high doors plus 2 large drive‑ins with 13'-14' clear height
