Two-Building Warehouse
For Sale
$998,463
1825 19th Street St., Louis, MO 63107
Two warehouse structures and adjoining land are included under C Multiple Family Residential zoning.
Property Size11,539 SF
Price / SF$86.53
Days on Market91
Property Features for 1825 19th Street St.
General Information
Standard status
Active
Size
11,539 SF
Property subtype
Industrial
Zoning
C Multiple Family Residential
Additional Details
Asking Price
$1,300,000
Building Details
Buildings
2
Listing Agency:
(314) 655-5826
Listed By:
Will Mura
(314) 655-5826
Source:
Cbre
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 2:27PM
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 Will Mura
Investment Insights
Based on property information with market context.
This warehouse property includes two separate warehouse buildings together with land, offering a combined commercial real estate holding at 1825 19th Street. The property is identified as 11,539 in the available property-size field.
The site is in St. Louis, Missouri, and is described as being in close proximity to a new NGA development site. C Multiple Family Residential zoning is reported for the property, providing an important land-use consideration for evaluation.
The site is in St. Louis, Missouri, and is described as being in close proximity to a new NGA development site. C Multiple Family Residential zoning is reported for the property, providing an important land-use consideration for evaluation.
Key Highlights
- Two warehouse buildings included in the property
- Land is included with the warehouse improvements
- 11,539 reported property size
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
$55,545
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
5.56%
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%
$1,110,900
$1.1M
Cap Rate 7%
$793,500
$793.5K
Cap Rate 9%
$617,167
$617.2K
Market Conditions
NOI Build-Up for 11,539 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
$68.4K $5.93/SF
− Vacancy
−$3.1K −$0.27/SF
EGI
$65.3K $5.66/SF
− OpEx
−$9.8K −$0.85/SF
NOI
$55.5K $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%
$1,110,900
Cap Rate 7%
$793,500
Cap Rate 9%
$617,167
Alternative Uses
Best Use
Warehouse
$793.5K
$694.3K – $925.8K
NOI $55,545 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,353 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 63107, MO
8,829
Population
6,651
Households
1.3
Avg Household Size
42
Median Age
13%
College-Educated
80%
High-School Grad
2.3 sq mi
ZIP Area
3,839
Density / Sq Mi
$40,522
Median Household Income
$33,910
Median Earnings
$839
Median Rent
$57,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouse structures and adjoining land are included under C Multiple Family Residential zoning.
Where is this warehouse located?
The property is located at 1825 19th Street St. Louis, MO.
What is the asking price?
The asking price for this property is $998,463.
What are key features of this property?
This property features: Two warehouse buildings included in the property; Land is included with the warehouse improvements; 11,539 reported property size
