Warehouse with Drive-In
For Sale
$360,000
1841 Denmark Road, Union, MO 63084
Fenced commercial facility with open warehouse space, office area, restroom, and dual HVAC systems.
Property Size2,800 SF
Days on Market107
Property Features for 1841 Denmark Road
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,523
Building Details
Building Size
2,800 SF
Year Built
1987
Buildings
1
Stories
1
Listing Agency:
Keller Williams Chesterfield
(314) 574-6805
Listed By:
Matthew Guillot · License #2022007764
(314) 574-6805
Source:
Century21laclede
Added: May 16
Changed: Aug 30
Last Checked: Aug 30 at 12:49AM
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 Keller Williams Chesterfield
Investment Insights
Based on property information with market context.
Located at 1841 Denmark Road in Union, Missouri, this 1987 warehouse property contains approximately 2,800 square feet arranged around an open operational area, interior office, and restroom. The building has 14-foot ceilings, dual HVAC systems, and a large overhead drive-in door that accommodates commercial vehicle access.
A fully fenced lot provides parking for approximately 12 vehicles. The property is positioned 3 miles from the Highway 44 and Highway 50 interchange, with surrounding residential construction and expanding retail and commercial development. The existing configuration supports warehouse and distribution operations, while the source information also identifies potential for retail, beauty supply or salon, bar or lounge, and fitness uses.
A fully fenced lot provides parking for approximately 12 vehicles. The property is positioned 3 miles from the Highway 44 and Highway 50 interchange, with surrounding residential construction and expanding retail and commercial development. The existing configuration supports warehouse and distribution operations, while the source information also identifies potential for retail, beauty supply or salon, bar or lounge, and fitness uses.
Key Highlights
- Approximately 2,800 square feet of warehouse space
- 14‑foot ceilings with a large overhead drive‑in door
- Dual HVAC systems, interior office, and one restroom
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
$21,592
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
6.00%
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%
$431,840
$431.8K
Cap Rate 7%
$308,457
$308.5K
Cap Rate 9%
$239,911
$239.9K
Market Conditions
NOI Build-Up for 2,800 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
$26.5K $9.48/SF
− Vacancy
−$1.1K −$0.41/SF
EGI
$25.4K $9.07/SF
− OpEx
−$3.8K −$1.36/SF
NOI
$21.6K $7.71/SF
Area
Franklin County, MO
Vacancy
4.30%
Lease Rate
$9.48 /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%
$431,840
Cap Rate 7%
$308,457
Cap Rate 9%
$239,911
Alternative Uses
Best Use
Warehouse
$308.5K
$269.9K – $359.9K
NOI $21,592 @ 7.0% cap · market cap 6.00%
Second Best
Industrial
$254.0K
$222.3K – $296.4K
NOI $17,782 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$824.3K
$721.3K – $961.7K
NOI $57,703 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 63084, MO
19,500
Population
8,511
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
90%
High-School Grad
76.3 sq mi
ZIP Area
256
Density / Sq Mi
$72,332
Median Household Income
$42,327
Median Earnings
$852
Median Rent
$221,800
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.
Similar Off Market Nearby
- A Shur-Lock Wildcat Storage — 191 S Outer 50, Union, MO 63084
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced commercial facility with open warehouse space, office area, restroom, and dual HVAC systems.
Where is this warehouse located?
The property is located at 1841 Denmark Road Union, MO.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Approximately 2,800 square feet of warehouse space; 14‑foot ceilings with a large overhead drive‑in door; Dual HVAC systems, interior office, and one restroom
