Storefront with Expansion
New
For Sale
$350,000
1810 Thurman Avenue St, Louis, MO 63110
Commercial Sale, St Louis, MO
Property Size807 SF
Lot Size0.11 Acres
Price / SF$433.71
Days on Market3
Property Features for 1810 Thurman Avenue St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Shaws Lafayette Ave Add #3
Directions
GPS
Standard status
Active
APN
5311-00-0010-0
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
394
Building Details
Year built
1996
Floors in Building
1
Building materials
Brick
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry · License #2006018085
3146476611x11
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 26 at 8:06PM
MLS# 26061801
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.
Investment Insights
Based on property information with market context.
This freestanding, single-story brick storefront contains 807 square feet on a slab and was built in 1996. Its renovated interior is currently arranged for barbershop operations, and furnishings may be included. The building is vacant and has signage in place, allowing a purchaser to take control of the space at closing.
The property occupies a 4,835-square-foot lot with approximately 135 feet of frontage on Thurman Avenue. Improvements sit on the western portion, leaving an adjoining side area approximately 35 feet by 115 feet. A current boundary survey is available. The site is identified as Lot 21, City Block 5311, Parcel ID 5311-00-0010-0.
The property occupies a 4,835-square-foot lot with approximately 135 feet of frontage on Thurman Avenue. Improvements sit on the western portion, leaving an adjoining side area approximately 35 feet by 115 feet. A current boundary survey is available. The site is identified as Lot 21, City Block 5311, Parcel ID 5311-00-0010-0.
Key Highlights
- 807‑square‑foot freestanding storefront on a 4,835‑square‑foot lot
- Approximately 135 feet of frontage on Thurman Avenue
- Side area 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 vacant, renovated commercial space is configured for barbershop use, with furnishings available to a buyer.
Where is this storefront property located?
The property is located at 1810 Thurman Avenue St 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 storefront on a 4,835‑square‑foot lot; Approximately 135 feet of frontage on Thurman Avenue; Side area measures roughly 35 feet by 115 feet
