Warehouse with Fenced Outdoor
For Sale
$3,636,000
18155 Edison Avenue, Chesterfield, MO 63005
Industrial facility with dock access, drive-in loading, office space, and secured exterior storage.
Property Size56,040 SF
Lot Size3.00 Acres
Price / SF$64.88
Days on Market108
Property Features for 18155 Edison Avenue
General Information
Standard status
Active
Size
56,040 SF
Total Parking Spaces
67
Lot size
3.00 Acres
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
31 ft
Office Build-Out
2,200 SF
Mezzanine
2,600 SF
Dock-High Doors
4
Drive-In Doors
3
Trailer Parking
2
Power
1,200 amps
Sprinkler System
Yes
Listing Agency:
CBRE
(314) 655-6096
Listed By:
John Frith
(314) 655-6096
Source:
Cbre
Added: May 16
Changed: Aug 30
Last Checked: Aug 30 at 6:24PM
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 CBRE
Investment Insights
Based on property information with market context.
This warehouse property occupies 3.00 acres and includes approximately 56,040 SF of building area. The facility provides approximately 2,200 SF of office space, 2,600 SF of mezzanine storage, and clear heights ranging from 13 feet to 31 feet. A wet sprinkler system and 1,200-amp electrical service support the improvements.
Loading infrastructure includes four loading docks, three drive-in doors, and a dock platform with two truck positions. The property also offers 67 car parking spaces and approximately 10,600 SF of fenced outdoor storage. Located at 18155 Edison Avenue in Chesterfield, Missouri.
Loading infrastructure includes four loading docks, three drive-in doors, and a dock platform with two truck positions. The property also offers 67 car parking spaces and approximately 10,600 SF of fenced outdoor storage. Located at 18155 Edison Avenue in Chesterfield, Missouri.
Key Highlights
- 3.00‑acre warehouse property with approximately 56,040 SF of building area
- Approximately 2,200 SF of office space and 2,600 SF of mezzanine storage
- Clear heights range from 13 feet to 31 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
$269,758
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
7.42%
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%
$5,395,160
$5.4M
Cap Rate 7%
$3,853,686
$3.9M
Cap Rate 9%
$2,997,311
$3.0M
Market Conditions
NOI Build-Up for 56,040 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
$332.3K $5.93/SF
− Vacancy
−$15.0K −$0.27/SF
EGI
$317.4K $5.66/SF
− OpEx
−$47.6K −$0.85/SF
NOI
$269.8K $4.81/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
15.00%
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%
$5,395,160
Cap Rate 7%
$3,853,686
Cap Rate 9%
$2,997,311
Alternative Uses
Best Use
Warehouse
$3.85M
$3.37M – $4.50M
NOI $269,758 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.03M
$10.52M – $14.03M
NOI $841,902 @ 7.0% cap · market cap 23.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
31 ft
Clear height
4
Dock-high doors
3
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63005, MO
19,235
Population
7,322
Households
2.6
Avg Household Size
44
Median Age
81%
College-Educated
98%
High-School Grad
36.5 sq mi
ZIP Area
527
Density / Sq Mi
$202,232
Median Household Income
$103,426
Median Earnings
$1,570
Median Rent
$671,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility with dock access, drive-in loading, office space, and secured exterior storage.
Where is this warehouse located?
The property is located at 18155 Edison Avenue Chesterfield, MO.
What is the asking price?
The asking price for this property is $3,636,000.
What are key features of this property?
This property features: 3.00‑acre warehouse property with approximately 56,040 SF of building area; Approximately 2,200 SF of office space and 2,600 SF of mezzanine storage; Clear heights range from 13 feet to 31 feet
