Listing Agency: Hilliker Corporation Show Phone

Listed By: W. Ashley Bowersox, Jr.

Source: Moodyscre

Added: Oct 19 Changed: Oct 21 Last Checked: Oct 21 at 2:16AM

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Investment Insights

Based on property information with market context.

This 3,024-square-foot storefront has an open floor plan, updated electrical service, and floor drains. A drive-in door at the rear provides an additional building feature.

The property is on Marconi Avenue in Saint Louis, near the Shaw and Marconi intersection. The surrounding area has pedestrian and vehicle traffic.

Key Highlights

• 3,024 square feet of storefront space
• Open floor plan
• Updated electrical service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,680

Cap Rate

6.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$813,600 $813.6K

Cap Rate 7%

$581,143 $581.1K

Cap Rate 9%

$452,000 $452.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,024 SF

Gross rent

$67.5K $22.32/SF

− Vacancy

−$9.4K −$3.10/SF

EGI

$58.1K $19.22/SF

− OpEx

−$17.4K −$5.77/SF

NOI

$40.7K $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 Rate 5%

$813,600

Cap Rate 7%

$581,143

Cap Rate 9%

$452,000

Alternative Uses

Best Use

Retail

$581.1K

$508.5K – $678.0K (±1% cap)

NOI $40,680 @ 7.0% cap · market cap 6.26%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$649.0K

$567.9K – $757.2K (±1% cap)

NOI $45,430 @ 7.0% cap · market cap 6.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Nail Salon Hair Salon Real Estate Agency Dental Office Grocery & Convenience Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

831

Businesses Nearby

50k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

QuikTrip Shops & Services

42,765 visits/mo 0.3 miles

U-Haul Moving & Storage At Kingshighway Shops & Services

3,248 visits/mo 0.3 miles

BMO Harris Bank Shops & Services

3,017 visits/mo 0.4 miles

U-Haul Moving & Storage On The Hill Shops & Services

1,132 visits/mo 0.3 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• S. Finch Florist — 5637 reber pl, st. louis, mo 63139
• City House Country Mouse — 2105 Marconi Ave, St. Louis, MO 63110
• Twisted Willow Design — 5257 Shaw Ave Suite 1, St. Louis, MO 63110

Frequently Asked Questions

What type of property is this?

Storefront property - An open interior layout is complemented by updated electrical service and floor drains.

Where is this storefront property located?

The property is located at 1904 Marconi Ave Saint Louis, MO.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 3,024 square feet of storefront space; Open floor plan; Updated electrical service