Three-Story Mixed-Use
For Sale
Contact for pricing
Pending
700 S Broadway St., Louis, MO 63102
Historic downtown building with bar, performance, kitchen, and residential components across three levels.
Property Size8,202 SF
Days on Market608
Property Features for 700 S Broadway St.
General Information
Standard status
Pending
Size
8,202 SF
Property subtype
RETAIL
Additional Details
Furnished
Yes
Equipment Included
Yes
Building Details
Year Built
1899
Buildings
1
Stories
3
Listing Agency:
Manor Real Estate
(314) 518-5010
Listed By:
Benjamin R Cherry
(314) 518-5010
Source:
Moodyscre
Added: Dec 30, 2024
Changed: Aug 30
Last Checked: Aug 30 at 5:14PM
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 Manor Real Estate
Investment Insights
Based on property information with market context.
Constructed in 1899, this three-story mixed-use building combines an established entertainment layout with residential space. The first and second floors contain multiple bars, a stage, and a kitchen, while the third floor is configured as a residential apartment. Furniture, fixtures, and equipment are included with the property, supporting continuity for an operator seeking an existing venue framework.
The property is located at 700 S Broadway in downtown St. Louis, Missouri. Its combination of entertainment areas, food-service infrastructure, and an upper-level apartment creates a vertically integrated configuration within a historic building.
The property is located at 700 S Broadway in downtown St. Louis, Missouri. Its combination of entertainment areas, food-service infrastructure, and an upper-level apartment creates a vertically integrated configuration within a historic building.
Key Highlights
- Three‑story building constructed in 1899
- Multiple bars, stage, and kitchen on the first and second floors
- Third‑floor residential apartment
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
$35,248
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
5.04%
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%
$704,960
$705.0K
Cap Rate 7%
$503,543
$503.5K
Cap Rate 9%
$391,644
$391.6K
Market Conditions
NOI Build-Up for 8,202 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
$49.2K $6.00/SF
− Vacancy
−$2.2K −$0.27/SF
EGI
$47.0K $5.73/SF
− OpEx
−$11.7K −$1.43/SF
NOI
$35.2K $4.30/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
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%
$704,960
Cap Rate 7%
$503,543
Cap Rate 9%
$391,644
Alternative Uses
Best Use
Mixed Use
$1.44M
$1.26M – $1.68M
NOI $100,882 @ 7.0% cap · market cap 14.43%
Second Best
Specialty Retail
$503.5K
$440.6K – $587.5K
NOI $35,248 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,221 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,577
Businesses Nearby
69k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 44%
Dining 32%
Shops & Services 24%
McDonald's
Dining
22,069 visits/mo
0.5 miles
BP
Shops & Services
16,588 visits/mo
0.4 miles
Marriott St. Louis Grand
Hotels & Casinos
13,023 visits/mo
0.4 miles
Holiday Inn St. Louis - Downtown Conv Ctr
Hotels & Casinos
7,878 visits/mo
0.3 miles
Hampton Inn St. Louis-Downtown at the Gateway Arch
Hotels & Casinos
6,458 visits/mo
0.3 miles
Demographics for 63102, MO
2,508
Population
1,986
Households
1.3
Avg Household Size
34
Median Age
48%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
1,791
Density / Sq Mi
$60,313
Median Household Income
$50,063
Median Earnings
$1,253
Median Rent
$179,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic downtown building with bar, performance, kitchen, and residential components across three levels.
Where is this mixed-use property located?
The property is located at 700 S Broadway St. Louis, MO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑story building constructed in 1899; Multiple bars, stage, and kitchen on the first and second floors; Third‑floor residential apartment
