Storefront with Adjoining
New
For Sale
$350,000
1810 Thurman Ave, Saint Louis, MO 63110
A renovated, vacant commercial space is configured for a barbershop, with furnishings potentially available to the next operator.
Property Size807 SF
Lot Size0.11 Acres
Price / SF$433.71
Days on Market3
Property Features for 1810 Thurman Ave
General Information
Standard status
Active
Size
807 SF
Lot size
0.11 Acres
Site & Location
Road Frontage
135 ft
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$350,000
Land Use
commercial
Amenities
building signage
Building Details
Year Built
1996
Buildings
1
Stories
1
Construction
brick
Tenancy
Single
Listing Agency:
Manor Real Estate
Listed By:
Ben Cherry · License #2006018085
(314) 647-6611
Source:
Nations-network
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 11:15AM
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 Manor Real Estate
Investment Insights
Based on property information with market context.
This freestanding, single-story brick storefront contains 807 square feet on a slab and dates to 1996. A recent renovation added modern finishes, and the interior is arranged as a barbershop. The property will be delivered vacant; interior furnishings may be available separately. Signage is in place.
The 4,835-square-foot parcel fronts Thurman Avenue in St. Louis’s Shaw neighborhood. The building occupies the western portion of the site, leaving a side lot measuring roughly 35 by 115 feet. A boundary survey is available. Interstate 44 can be reached at Grand Boulevard.
The 4,835-square-foot parcel fronts Thurman Avenue in St. Louis’s Shaw neighborhood. The building occupies the western portion of the site, leaving a side lot measuring roughly 35 by 115 feet. A boundary survey is available. Interstate 44 can be reached at Grand Boulevard.
Key Highlights
- 807‑square‑foot freestanding commercial building on a 4,835‑square‑foot lot
- Approximately 135 feet of frontage along Thurman Avenue
- Side lot measures roughly 35 feet by 115 feet
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
$10,856
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
3.10%
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%
$217,120
$217.1K
Cap Rate 7%
$155,086
$155.1K
Cap Rate 9%
$120,622
$120.6K
Market Conditions
NOI Build-Up for 807 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
$18.0K $22.32/SF
− Vacancy
−$2.5K −$3.10/SF
EGI
$15.5K $19.22/SF
− OpEx
−$4.7K −$5.77/SF
NOI
$10.9K $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 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%
$217,120
Cap Rate 7%
$155,086
Cap Rate 9%
$120,622
Alternative Uses
Best Use
Retail
$155.1K
$135.7K – $180.9K
NOI $10,856 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$173.2K
$151.6K – $202.1K
NOI $12,124 @ 7.0% cap · market cap 3.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,120
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63110, MO
18,199
Population
10,260
Households
1.8
Avg Household Size
33
Median Age
64%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
2,757
Density / Sq Mi
$73,809
Median Household Income
$55,340
Median Earnings
$1,183
Median Rent
$314,600
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
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Frequently Asked Questions
What type of property is this?
Storefront property - A renovated, vacant commercial space is configured for a barbershop, with furnishings potentially available to the next operator.
Where is this storefront property located?
The property is located at 1810 Thurman Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 807‑square‑foot freestanding commercial building on a 4,835‑square‑foot lot; Approximately 135 feet of frontage along Thurman Avenue; Side lot measures roughly 35 feet by 115 feet
