Leased Mixed-Use Building For
For Sale
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1800-1804 Lafayette Ave, Saint Louis, MO
100% leased mixed-use building with recent extensive renovations.
Property Size8,200 SF
Lot Size0.12 Acres
Price / SF$170.12
Days on Market436
Property Features for 1800-1804 Lafayette Ave
General Information
Standard status
Active
Size
8,200 SF
Lot size
0.12 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 1800-1804 Lafayette Ave Contact us- Floor
- 1
- Size
- 1,360 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
1800 - 1804 Lafayette Ave
- 1,360 SF Ground Level Retail / Office Space
- Extensive building improvements performed...
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Listing Agency:
NAI DESCO
(314) 994-4444
Listed By:
Anthony J (Tony) Salerno
(314) 994-2322
Source:
Moodyscre
Added: Jul 9, 2025
Changed: Sep 8
Last Checked: Sep 16 at 7:21PM
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.
This mixed-use building is 100% leased and features extensive improvements performed in 2021. These improvements include a new roof, new HVAC system, updated electrical and plumbing, and full interior renovations. The property includes on-site parking with 12 spaces. It is located in Lafayette Square, providing convenient access to downtown St. Louis, nearby universities, and the central corridor. The property size is 8,200 square feet.
Key Highlights
- 100% leased mixed‑use building
- Extensive building improvements performed in 2021 including new roof, new HVAC, updated electrical & plumbing and full interior renovations
- Located in Lafayette Square with easy access to downtown St. Louis, nearby universities, and the central corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,857
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,017,140
$2.0M
Cap Rate 7%
$1,440,814
$1.4M
Cap Rate 9%
$1,120,633
$1.1M
Market Conditions
NOI Build-Up for 8,200 SF
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.
Gross rent
$185.5K $22.62/SF
− Vacancy
−$24.1K −$2.94/SF
EGI
$161.4K $19.68/SF
− OpEx
−$60.5K −$7.38/SF
NOI
$100.9K $12.30/SF
Area
St. Louis County, MO
Vacancy
13.00%
Lease Rate
$22.62 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,017,140
Cap Rate 7%
$1,440,814
Cap Rate 9%
$1,120,633
Alternative Uses
Best Use
Mixed Use
$1.44M
$1.26M – $1.68M
NOI $100,857 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,191 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 100% leased mixed-use building with recent extensive renovations.
Where is this mixed-use property located?
The property is located at 1800-1804 Lafayette Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 100% leased mixed‑use building; Extensive building improvements performed in 2021 including new roof, new HVAC, updated electrical & plumbing and full interior renovations; Located in Lafayette Square with easy access to downtown St. Louis, nearby universities, and the central corridor
