Two-Story Mixed-Use
For Sale
$575,000
1909 N Service Rd E, Saint Clair, MO 63077
Two-level commercial building with an operating restaurant upstairs and a drive-through-equipped lower floor.
Property Size4,800 SF
Lot Size2.80 Acres
Price / SF$119.79
Days on Market14
Property Features for 1909 N Service Rd E
General Information
Standard status
Active
Size
4,800 SF
Lot size
2.80 Acres
Site & Location
Drive-Thru
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,602
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Dolan, Realtors
(636) 583-5900
Listed By:
Terri Kile
(314) 322-4020
Source:
Exprealty
Added: Aug 26
Changed: Sep 7
Last Checked: Sep 7 at 3:00PM
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 Dolan, Realtors
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains approximately 4,800 SF, with about 2,400 SF on each level. The upper floor is leased to a Mexican restaurant, while the lower floor was previously occupied by a dispensary and includes security glass and a drive-through window. Signage and paved parking serve the building.
Set on 2.8 acres in Saint Clair, the property offers visibility from I-44 and is near the I-44 and Hwy 47 intersection. Its location and existing improvements support continued restaurant use across the upper level and a separately configured commercial space below.
Set on 2.8 acres in Saint Clair, the property offers visibility from I-44 and is near the I-44 and Hwy 47 intersection. Its location and existing improvements support continued restaurant use across the upper level and a separately configured commercial space below.
Key Highlights
- 2.8‑acre commercial property in Saint Clair, MO
- Approximately 4,800 SF across two levels, with 2,400 SF per floor
- Upper level leased to a Mexican restaurant
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
$52,146
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
9.07%
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%
$1,042,920
$1.0M
Cap Rate 7%
$744,943
$744.9K
Cap Rate 9%
$579,400
$579.4K
Market Conditions
NOI Build-Up for 4,800 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
$72.6K $15.12/SF
− Vacancy
−$3.0K −$0.64/SF
EGI
$69.5K $14.48/SF
− OpEx
−$17.4K −$3.62/SF
NOI
$52.1K $10.86/SF
Area
Franklin County, MO
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
25.00%
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%
$1,042,920
Cap Rate 7%
$744,943
Cap Rate 9%
$579,400
Alternative Uses
Best Use
Specialty Retail
$744.9K
$651.8K – $869.1K
NOI $52,146 @ 7.0% cap · market cap 9.07%
Second Best
Mixed Use
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,919 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 32%
Hotels & Casinos 1%
McDonald's
Dining
28,572 visits/mo
0.5 miles
Phillips 66
Shops & Services
19,051 visits/mo
0.5 miles
Burger King
Dining
10,749 visits/mo
0.5 miles
Super 8 St. Clair MO
Hotels & Casinos
698 visits/mo
0.4 miles
Demographics for 63077, MO
11,874
Population
5,392
Households
2.2
Avg Household Size
40
Median Age
13%
College-Educated
87%
High-School Grad
87.7 sq mi
ZIP Area
135
Density / Sq Mi
$56,458
Median Household Income
$39,167
Median Earnings
$869
Median Rent
$161,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial building with an operating restaurant upstairs and a drive-through-equipped lower floor.
Where is this mixed-use property located?
The property is located at 1909 N Service Rd E Saint Clair, MO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2.8‑acre commercial property in Saint Clair, MO; Approximately 4,800 SF across two levels, with 2,400 SF per floor; Upper level leased to a Mexican restaurant
