Two-Building Storefront
For Sale
$780,000
1735 S New Florissant Road, Florissant, MO 63031
The offering combines partially leased space with a separate vacant building available for occupancy.
Property Size3,900 SF
Price / SF$200
Days on Market167
Property Features for 1735 S New Florissant Road
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,278
Building Details
Building Size
3,900 SF
Year Built
1953
Buildings
2
Stories
1
Listing Agency:
RE/MAX Results
(314) 584-4400
Listed By:
Terry Gannon · License #2011022593
(314) 920-2018
Source:
Flowershomerealty
Added: May 11
Changed: Oct 23
Last Checked: Oct 23 at 1:26PM
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 RE/MAX Results
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The sale includes two storefront buildings at 1735 and 1723 S. New Florissant Road. The 1735 building contains approximately 3,900 sq ft, with some spaces leased and the option to divide other areas into four or more offices with lavatories. The 1723 building is vacant, measures 1,760 sq ft, and has a full basement.
The properties sit at the corner of S. New Florissant Road and I-270, with highway/interstate frontage. Both buildings are included in the offering.
The properties sit at the corner of S. New Florissant Road and I-270, with highway/interstate frontage. Both buildings are included in the offering.
Key Highlights
- Two storefront buildings sold together at 1735 and 1723 S. New Florissant Road
- Approximately 3,900 sq ft at 1735, with some spaces leased
- Unleased areas at 1735 can be divided into 4 or more offices with lavatories
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,464
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,280
$1.0M
Cap Rate 7%
$749,486
$749.5K
Cap Rate 9%
$582,933
$582.9K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$87.0K $22.32/SF
− Vacancy
−$12.1K −$3.10/SF
EGI
$74.9K $19.22/SF
− OpEx
−$22.5K −$5.77/SF
NOI
$52.5K $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%
$1,049,280
Cap Rate 7%
$749,486
Cap Rate 9%
$582,933
Alternative Uses
Best Use
Retail
$749.5K
$655.8K – $874.4K
NOI $52,464 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$837.0K
$732.4K – $976.5K
NOI $58,591 @ 7.0% cap · market cap 7.51%
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
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
16,583 visits/mo
0.2 miles
Phillips 66
Shops & Services
15,312 visits/mo
0.5 miles
Demographics for 63031, MO
47,609
Population
21,159
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
15.1 sq mi
ZIP Area
3,153
Density / Sq Mi
$71,783
Median Household Income
$42,920
Median Earnings
$1,351
Median Rent
$144,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Schnucks Grandview Floral — 74 Grandview Plaza Shopping Center, Florissant, MO 63033
Frequently Asked Questions
What type of property is this?
Storefront property - The offering combines partially leased space with a separate vacant building available for occupancy.
Where is this storefront property located?
The property is located at 1735 S New Florissant Road Florissant, MO.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Two storefront buildings sold together at 1735 and 1723 S. New Florissant Road; Approximately 3,900 sq ft at 1735, with some spaces leased; Unleased areas at 1735 can be divided into 4 or more offices with lavatories
