Flex Office and Warehouse
For Sale
Contact for pricing
1900-1940 Craigshire Rd, Saint Louis, MO 63146
Flex building offers creative open office space and functional warehouse areas with multiple loading docks.
Property Size35,595 SF
Price / SF$78.66
Days on Market296
Property Features for 1900-1940 Craigshire Rd
General Information
Standard status
Active
Size
35,595 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Amenities
vaulted ceilings
abundant natural light
premium finishes
building signage opportunities
Listing Agency:
JLL | St. Louis
(314) 338-2080
Listed By:
David Branding · License #2005020478
(314) 338-2084
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Sep 3
Last Checked: Sep 16 at 4:06PM
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 JLL | St. Louis
Investment Insights
Based on property information with market context.
This flex office and warehouse building combines a creative, open office environment with vaulted ceilings and abundant natural light with functional warehouse space designed for loading. The office interiors feature premium finishes, and the warehouse component includes ample loading docks and a newly installed fire sprinkler system.
The property is located near the intersection of I-270 and Page Avenue in the heart of Westport, with quick access to major arterial highways including 67, 141, and 364. Building signage opportunities are available, and parking is provided at a 2:1,000 SF parking ratio.
The building address is 1900–1940 Craigshire Rd, Saint Louis, MO 63146. It is offered for sale as an owner-user and investor opportunity.
The property is located near the intersection of I-270 and Page Avenue in the heart of Westport, with quick access to major arterial highways including 67, 141, and 364. Building signage opportunities are available, and parking is provided at a 2:1,000 SF parking ratio.
The building address is 1900–1940 Craigshire Rd, Saint Louis, MO 63146. It is offered for sale as an owner-user and investor opportunity.
Key Highlights
- Flex office/warehouse building with creative open office space and functional warehouse areas
- Creative open office environment with vaulted ceilings and abundant natural light
- Office interiors with premium finishes
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
$171,343
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
6.12%
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%
$3,426,860
$3.4M
Cap Rate 7%
$2,447,757
$2.4M
Cap Rate 9%
$1,903,811
$1.9M
Market Conditions
NOI Build-Up for 35,595 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
$211.1K $5.93/SF
− Vacancy
−$9.5K −$0.27/SF
EGI
$201.6K $5.66/SF
− OpEx
−$30.2K −$0.85/SF
NOI
$171.3K $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%
$3,426,860
Cap Rate 7%
$2,447,757
Cap Rate 9%
$1,903,811
Alternative Uses
Best Use
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,343 @ 7.0% cap · market cap 6.12%
Second Best
Industrial
$2.02M
$1.76M – $2.35M
NOI $141,106 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$7.64M
$6.68M – $8.91M
NOI $534,752 @ 7.0% cap · market cap 19.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 63146, MO
31,459
Population
15,555
Households
2
Avg Household Size
40
Median Age
62%
College-Educated
97%
High-School Grad
15.5 sq mi
ZIP Area
2,030
Density / Sq Mi
$85,724
Median Household Income
$60,831
Median Earnings
$1,315
Median Rent
$283,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building offers creative open office space and functional warehouse areas with multiple loading docks.
Where is this flex space located?
The property is located at 1900-1940 Craigshire Rd Saint Louis, MO.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Flex office/warehouse building with creative open office space and functional warehouse areas; Creative open office environment with vaulted ceilings and abundant natural light; Office interiors with premium finishes
