Building Details

Tenancy Multi

Listing Agency: Berkshire Hathaway HomeServices Select Properties Show Phone

Listed By: Jim VonDerHaar · License #2001013708 Show Phone

Source: Moodyscre

Added: Jul 10 Changed: Oct 26 Last Checked: Oct 28 at 9:10AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This retail center is offered for sale and includes 33,906 square feet of space on 2.92 acres, currently operating with multiple tenants. The offering is positioned as a visibility-driven retail asset based on the property’s stated high-traffic visibility.

The center’s marketing emphasizes strong customer exposure, supported by the provided remarks indicating both visibility and high traffic. This combination can support a range of retail uses that benefit from walk-in and drive-by demand.

For buyers or brokers evaluating redevelopment, re-tenanting, or portfolio acquisition strategies, the key takeaway is the multi-tenant retail configuration and the overall building and site scale provided with this listing.

Key Highlights

• Retail center offering 33,906 sq ft
• Situated on 2.92 acres
• Multiple tenants in the retail center

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$456,112

Cap Rate

8.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,122,240 $9.1M

Cap Rate 7%

$6,515,886 $6.5M

Cap Rate 9%

$5,067,911 $5.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 33,906 SF

Gross rent

$756.8K $22.32/SF

− Vacancy

−$105.2K −$3.10/SF

EGI

$651.6K $19.22/SF

− OpEx

−$195.5K −$5.77/SF

NOI

$456.1K $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%

$9,122,240

Cap Rate 7%

$6,515,886

Cap Rate 9%

$5,067,911

Alternative Uses

Best Use

Retail

$6.52M

$5.70M – $7.60M (±1% cap)

NOI $456,112 @ 7.0% cap · market cap 8.77%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$7.28M

$6.37M – $8.49M (±1% cap)

NOI $509,378 @ 7.0% cap · market cap 9.80%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Restaurant Parking Lot & Garage

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

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

452

Businesses Nearby

320k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 40% Apparel 25% Dining 21% Groceries 13%

Hobby Lobby Shops & Services

40,586 visits/mo 0.3 miles

Schnucks Groceries

40,094 visits/mo 0.2 miles

Marshalls Apparel

28,466 visits/mo 0.3 miles

Jo-Ann Fabric and Craft Shops & Services

27,993 visits/mo 0.2 miles

Five Below Shops & Services

20,706 visits/mo 0.2 miles

Demographics for 63021, MO

56,680

Population

22,982

Households

2.5

Avg Household Size

41

Median Age

62%

College-Educated

98%

High-School Grad

21.8 sq mi

ZIP Area

2,600

Density / Sq Mi

$113,822

Median Household Income

$58,800

Median Earnings

$1,362

Median Rent

$324,300

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

• Ellisville Pointe — 15630 Manchester Rd, Ellisville, MO 63011
• Ellisville Shopping Center — Manchester @ Ballwin Plaza EB, Ellisville, MO 63011
• Ellisville Plaza — 15412 Manchester Rd, Ellisville, MO 63011
• Dickens Plaza — 15264 Manchester Rd, Ballwin, MO 63011
• Gordon Plaza Shopping Center — 15543 Manchester Rd, Ballwin, MO 63011

Frequently Asked Questions

What type of property is this?

Shopping center - Retail center offering 33,906 sq ft on 2.92 acres with multiple tenants, plus visibility and reported high traffic.

Where is this shopping center located?

The property is located at 15394-15394 Manchester Road Ellisville, MO.

What is the asking price?

The asking price for this property is $5,200,000.

What are key features of this property?

This property features: Retail center offering 33,906 sq ft; Situated on 2.92 acres; Multiple tenants in the retail center