Turnkey Office Building with 120
1520 S Second Street St. Louis, MO 63104
1520 S Second Street St., Louis, MO, 63104
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For Sale
Contact for pricing
Office building with newly installed roof, rooftop HVAC units, LED lighting, and 120 striped parking spaces.
Property Size25,197 SF
Price / SF$138.91
Days on Market155
Property Features for 1520 S Second Street St.
General Information
- Standard status
- Active
- Size
- 25,197 SF
- Property subtype
- Retail
Listing agency
Block Hawley Commercial RE
Listed by
Brandon Duncan · License #2004033490
Source
Crexi
Added: Feb 16 Updated: Jul 21 at 12:15AM Checked: Jul 21 at 12:15AM
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 Block Hawley Commercial RE
Investment Insights
Based on property information with market context.
This for-sale office building has been updated throughout and includes a brand new 115-mil EPDM Carlisle roof system installed in 11/2025 with a 20-year transferable warranty that expires in 2045. The HVAC is supported by two brand new 40-ton rooftop units, along with new HVAC boxes and valve controls, and a new Bosch high-efficiency system including boiler, condensers, and pumps.
The property provides 120 striped parking spaces that may be expanded by an additional 20 spaces. Lighting has been replaced with new LED fixtures throughout with motion sensors. Updates also include new window seals, new carpet, and fresh paint.
Interior connectivity includes new Cat6 and fiber service, with Spectrum fiber and AT&T business fiber noted. The building features JCI security and fire monitoring cameras, access key cards, and remotely operable HVAC, lighting, and door locks. The first floor includes 27 newly provided 6’ x 6’ cubes that are wired and electrified, while the second floor includes 43 newly provided 6’ x 6’ cubes wired and electrified.
The property provides 120 striped parking spaces that may be expanded by an additional 20 spaces. Lighting has been replaced with new LED fixtures throughout with motion sensors. Updates also include new window seals, new carpet, and fresh paint.
Interior connectivity includes new Cat6 and fiber service, with Spectrum fiber and AT&T business fiber noted. The building features JCI security and fire monitoring cameras, access key cards, and remotely operable HVAC, lighting, and door locks. The first floor includes 27 newly provided 6’ x 6’ cubes that are wired and electrified, while the second floor includes 43 newly provided 6’ x 6’ cubes wired and electrified.
Key Highlights
- 115 mil EPDM Carlisle roof installed 11/2025 with 20‑year transferable warranty (expires 2045)
- Two brand‑new 40‑ton rooftop HVAC units plus new HVAC boxes and valve controls throughout (Delta Controls)
- Brand‑new Bosch high‑efficiency boiler system including condensers and pumps
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $562.4k | $22.32 |
| − Vacancy | −$152.4k | −$6.05 |
| EGI | $410.0k | $16.27 |
| − OpEx | −$102.5k | −$4.07 |
| NOI | $307.5k | $12.20 |
25,197 SF · lease $22.32/SF/yr · vacancy 27.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.39M
$3.84M – $5.12M
NOI $307,491 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.41M
$4.73M – $6.31M
NOI $378,540 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Missouri Energy Savings ...
Association Or Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building with newly installed roof, rooftop HVAC units, LED lighting, and 120 striped parking spaces.
Where is this office building located?
The property is located at 1520 S Second Street St. Louis, 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: 115 mil EPDM Carlisle roof installed 11/2025 with 20‑year transferable warranty (expires 2045); Two brand‑new 40‑ton rooftop HVAC units plus new HVAC boxes and valve controls throughout (Delta Controls); Brand‑new Bosch high‑efficiency boiler system including condensers and pumps
