Building Details

Building Size 7,200 SF

Year Built 1958

Listing Agency: Keller Williams Realty St. Louis

Listed By: Bob Ecker · License #2010007159 Show Phone

Source: Nextdoorstl

Added: Aug 28 Changed: Oct 15 Last Checked: Oct 16 at 4:13PM

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Investment Insights

Based on property information with market context.

This 7,200-square-foot shopping center, built in 1958, is arranged across upper and lower levels with five units on each level in the rear portion. The configuration provides 10 individual retail units within the building and supports a multi-tenant commercial layout.

The property fronts Manchester Road in Des Peres, Missouri, with 111 feet of frontage. Traffic exposure is supported by reported daily vehicle volume of more than 23,000 vehicles on Manchester Road. The address is 13016 Manchester Road, Des Peres, MO 63131.

Key Highlights

• 7,200‑square‑foot shopping center built in 1958
• 10 units total, with 5 on the upper level and 5 on the lower level
• 111 feet of frontage along Manchester Road

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$96,856

Cap Rate

8.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,937,120 $1.9M

Cap Rate 7%

$1,383,657 $1.4M

Cap Rate 9%

$1,076,178 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,200 SF

Gross rent

$160.7K $22.32/SF

− Vacancy

−$22.3K −$3.10/SF

EGI

$138.4K $19.22/SF

− OpEx

−$41.5K −$5.77/SF

NOI

$96.9K $13.45/SF

Area

St. Louis County, MO

Vacancy

13.90%

Lease Rate

$22.32 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,937,120

Cap Rate 7%

$1,383,657

Cap Rate 9%

$1,076,178

Alternative Uses

Best Use

Retail

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,856 @ 7.0% cap · market cap 8.81%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.55M

$1.35M – $1.80M (±1% cap)

NOI $108,167 @ 7.0% cap · market cap 9.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Grocery & Convenience Store Storage Facility Garden Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,226

Businesses Nearby

138k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 45% Groceries 31% Shops & Services 23% Electronics 1%

Trader Joe's Groceries

42,366 visits/mo 0.4 miles

Circle K Shops & Services

24,292 visits/mo 0.4 miles

Panera Bread Dining

18,152 visits/mo 0.3 miles

Shake Shack Dining

15,134 visits/mo 0.2 miles

Red Robin Gourmet Burgers Dining

13,828 visits/mo 0.2 miles

Demographics for 63131, MO

18,241

Population

6,674

Households

2.7

Avg Household Size

46

Median Age

83%

College-Educated

99%

High-School Grad

13.6 sq mi

ZIP Area

1,341

Density / Sq Mi

$209,306

Median Household Income

$92,154

Median Earnings

$1,999

Median Rent

$734,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar Off Market Nearby

• St L.Leona St — 13616-13610 Old Rte 66, Ballwin, MO 63021
• Da makl — 173 W County Center, Des Peres, MO 63131
• west county center — des peres, mo 63131
• Sunglass Hut — 162 W County Rd Spc 2242, Des Peres, MO 63131
• West county mall — 25 W County Center, Des Peres, MO 63131

Frequently Asked Questions

What type of property is this?

Shopping center - Retail property with separate upper- and lower-level units and Manchester Road frontage.

Where is this shopping center located?

The property is located at 13016 Manchester Road Des Peres, 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: 7,200‑square‑foot shopping center built in 1958; 10 units total, with 5 on the upper level and 5 on the lower level; 111 feet of frontage along Manchester Road