Single-Tenant Industrial Building For
For Sale
Contact for pricing
Pending
13825 Parks Steed Drive, Earth City, MO 63045
Single-tenant industrial building in Earth City, Missouri, for sale.
Property Size39,848 SF
Days on Market112
Property Features for 13825 Parks Steed Drive
General Information
Standard status
Pending
Size
39,848 SF
Class
B
Total Parking Spaces
55
Property subtype
Industrial
Zoning
M-3, Planned Industrial District
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1955
Year Renovated
2011
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Tivon Moffitt · License #AZ BR639369000
(954) 547-7212
Source:
Crexi
Added: May 18
Changed: Aug 8
Last Checked: Jul 25 at 4:19AM
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 Marcus & Millichap - Phoenix
Investment Insights
Based on property information with market context.
The property is a single-tenant industrial building totaling approximately 39,848 square feet, located at 13825 Parks Steed Drive in Earth City, Missouri. The asset is strategically located within the infill St. Louis industrial corridor. The tenant occupies the facility as its corporate headquarters and sole production location. The tenant has been in the asset since 2012, and recently executed a new seven-year lease extension, reinforcing their long-term commitment. The property benefits from regional connectivity with immediate access to Interstate 70 and Interstate 270.
Key Highlights
- Single‑tenant industrial building totaling ±39,848 square feet.
- Located in the infill St. Louis industrial corridor.
- Tenant operates the facility as its corporate headquarters and sole production location.
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
$157,966
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
4.51%
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%
$3,159,320
$3.2M
Cap Rate 7%
$2,256,657
$2.3M
Cap Rate 9%
$1,755,178
$1.8M
Market Conditions
NOI Build-Up for 39,848 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
$236.3K $5.93/SF
− Vacancy
−$10.6K −$0.27/SF
EGI
$225.7K $5.66/SF
− OpEx
−$67.7K −$1.70/SF
NOI
$158.0K $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 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%
$3,159,320
Cap Rate 7%
$2,256,657
Cap Rate 9%
$1,755,178
Alternative Uses
Best Use
Industrial
$2.26M
$1.97M – $2.63M
NOI $157,966 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.55M
$7.48M – $9.98M
NOI $598,646 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 63045, MO
7
Population
2
Households
3.5
Avg Household Size
62
Median Age
1.8 sq mi
ZIP Area
4
Density / Sq Mi
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Single-tenant industrial building in Earth City, Missouri, for sale.
Where is this industrial property located?
The property is located at 13825 Parks Steed Drive Earth City, MO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Single‑tenant industrial building totaling ±39,848 square feet.; Located in the infill St. Louis industrial corridor.; Tenant operates the facility as its corporate headquarters and sole production location.
