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    Historic Shoe Factory Warehouse Title is generated by Realmo AI

    160 N Main Street, Saint Clair, MO 63077

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    Claim this Listing
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    For Sale
    $285,500

    Warehouse - St Clair, MO

    Type:Single Family Residence
    Property size:
    39,000 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $7/SF
    Added:
    May 13, 2026
    Days on Market:
    3
    Last Refresh:
    May 15 at 4:06 pm

    Property Features for 160 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    22-7-250-3-006-045000
    Size
    39,000 SF
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3593

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1922
    Building materials
    Asbestos, Brick, Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    David Haley
    David Haley

    Listing agent David Haley License #2007017472

    Listing office Berkshire Hathaway HomeServices Select Properties 950 Caledonia Dr., St. Louis, MO

    Listing date May 13, 2026

    MLS# 26000098 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 39,000 SF historic commercial landmark with unique architectural character.
    • Exceptional potential for adaptive reuse, redevelopment, or industrial conversion.
    • Truck dock access and expansive interior spaces.
    • Solid construction (Brick and Concrete) providing a strong foundation.
    • Flexible layout suitable for industrial, warehouse, creative, or mixed‑use concepts.
    • Historic building (Old Shoe Factory) built in 1922.

    Overview

    This 39,000 square foot historic commercial building, formerly the Old Shoe Factory, presents an opportunity for investors or end-users. The property features truck dock access and expansive interior spaces. The building's layout offers flexibility for a range of potential uses, including industrial, warehouse, creative, or mixed-use concepts. The property, situated on a 0.568-acre lot, is located in St Clair, Missouri. While the building requires modernization, it provides a foundation for transformation through adaptive reuse, redevelopment, or industrial conversion. The building is in need of repairs and some TLC.

    Financial Insights

    Value Estimation Calculated for Mixed Use

    Conservative
    $4.29M
    NOI $386,100 @ 9.00% cap · cautious / downside scenario
    Moderate
    $5.52M
    NOI $386,100 @ 7.00% cap · market / base-case scenario
    Aggressive
    $7.72M
    NOI $386,100 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Mixed Use

    Component $ $/SF
    Gross rent $702.0k $18.00
    − Vacancy −$84.2k −$2.16
    EGI $617.8k $15.84
    − OpEx −$231.7k −$5.94
    NOI $386.1k $9.90
    39,000 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 37.50%

    Alternative Use Scenarios

    Best Use
    Mixed Use
    $5.52M
    $4.83M – $6.44M (±1% cap)
    NOI $386,100 @ 7.0% cap · market cap 135.24%
    Second Best
    Warehouse
    $4.30M
    $3.76M – $5.01M (±1% cap)
    NOI $300,749 @ 7.0% cap · market cap 105.34%
    Theoretical Best
    Office A
    $11.48M
    $10.05M – $13.40M (±1% cap)
    NOI $803,717 @ 7.0% cap · market cap 281.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Interstate Storage — 862 S Outer Rd, St Clair, MO 63077

    Location Insight

    • Map
    • Local Demand
    City
    Saint Clair
    County
    Franklin
    State
    Missouri
    Longitude
    -90.980395
    Latitude
    38.3488156

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    FAQs

    What type of property is this?
    Warehouse - 39,000 SF historic commercial building in St Clair, MO.
    Where is this warehouse located?
    The property is located at 160 N Main Street Saint Clair, MO.
    What is the asking price?
    The asking price for this property is $285,500.
    What are key features of this property?
    This property features: 39,000 SF historic commercial landmark with unique architectural character.; Exceptional potential for adaptive reuse, redevelopment, or industrial conversion.; Truck dock access and expansive interior spaces.
    (314) 677-4554
    We can help!
    Listing Contact
    David Haley
    David Haley
    Real Estate License ID: 2007017472
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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