Former Bank with Drive-Thru
For Sale
Contact for pricing
1626 Pattern Dr St., Saint Louis, MO
6,944 SF building on 2.13 AC, St. Louis, MO
Property Size6,944 SF
Lot Size2.13 Acres
Price / SF$61.20
Days on Market512
Property Features for 1626 Pattern Dr St.
General Information
Standard status
Active
Size
6,944 SF
Lot size
2.13 Acres
Property subtype
RETAIL
Listing Agency:
NAI DESCO
(314) 994-4444
Listed By:
Meghan M Donovan · License #1999029625
(314) 810-9213
Source:
Moodyscre
Added: Mar 5, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:33AM
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 NAI DESCO
Investment Insights
Based on property information with market context.
The property is a 6,944 square foot building situated on a 2.13-acre lot. It was formerly a bank and includes five drive-thru lanes. The property is zoned C-3 Shopping District and is located 1.5 miles north of the Interstate 270 and Bellefontaine Road interchange.
Key Highlights
- 6,944 SF building on 2.13 AC
- Zoned C‑3 Shopping District
- Former bank with 5 drive‑thru lanes
Financial Insights For Specialty Retail
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 | $41.7k | $6.00 |
| − Vacancy | −$1.9k | −$0.27 |
| EGI | $39.8k | $5.73 |
| − OpEx | −$9.9k | −$1.43 |
| NOI | $29.8k | $4.30 |
6,944 SF · lease $6.00/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.33M
$1.17M – $1.56M
NOI $93,413 @ 7.0% cap · market cap 21.98%
Second Best
Specialty Retail
$426.3K
$373.0K – $497.4K
NOI $29,842 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,321 @ 7.0% cap · market cap 24.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Electronics 6%
Family Dollar
Shops & Services
8,337 visits/mo
0.2 miles
Dollar General
Shops & Services
6,820 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,241 visits/mo
0.2 miles
Commerce Bank
Shops & Services
1,821 visits/mo
0.1 miles
Cricket Wireless Authorized Retailer
Electronics
944 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - 6,944 SF building on 2.13 AC, St. Louis, MO
Where is this bank located?
The property is located at 1626 Pattern Dr St. Saint Louis, MO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 6,944 SF building on 2.13 AC; Zoned C‑3 Shopping District; Former bank with 5 drive‑thru lanes
