Building Details

Building Size 2,000 SF

Year Built 1926

Buildings 1

Stories 1

Listing Agency: Compass Realty Group j***@compass.com Show Phone

Listed By: Logan Ely Show Phone

Source: Finehomesbydawn

Added: Oct 16 Changed: Oct 23 Last Checked: Oct 23 at 3:33PM

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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 Compass Realty Group

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Investment Insights

Based on property information with market context.

This restaurant property in Lafayette Square dates to 1926 and includes a front patio with seating for approximately 25 guests. Interior features include pressed-metal ceiling details, wood paneling, stained glass, and oversized windows facing Lafayette Park. Plumbing has been updated, with additional rough-in work completed for future renovation.

Key Highlights

• Front patio with seating for approximately 25 guests
• Across from Lafayette Park in Lafayette Square
• 1926 building with pressed‑metal ceiling, wood paneling, and stained glass

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,727

Cap Rate

3.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$434,540 $434.5K

Cap Rate 7%

$310,386 $310.4K

Cap Rate 9%

$241,411 $241.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$30.2K $15.12/SF

− Vacancy

−$1.3K −$0.64/SF

EGI

$29.0K $14.48/SF

− OpEx

−$7.2K −$3.62/SF

NOI

$21.7K $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 Rate 5%

$434,540

Cap Rate 7%

$310,386

Cap Rate 9%

$241,411

Alternative Uses

Best Use

Specialty Retail

$310.4K

$271.6K – $362.1K (±1% cap)

NOI $21,727 @ 7.0% cap · market cap 3.95%

Second Best

Retail

$269.0K

$235.4K – $313.8K (±1% cap)

NOI $18,830 @ 7.0% cap · market cap 3.42%

Theoretical Best

Office A

$588.8K

$515.2K – $686.9K (±1% cap)

NOI $41,216 @ 7.0% cap · market cap 7.50%

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

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Accounting Firm Computer & Electronic Repair Home Appliance Store HVAC Service Pet Grooming Service

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

1,005

Businesses Nearby

55k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 46% Shops & Services 38% Groceries 17%

McDonald's Dining

23,292 visits/mo 0.3 miles

Phillips 66 Shops & Services

12,419 visits/mo 0.3 miles

Save-A-Lot Groceries

9,103 visits/mo 0.3 miles

Family Dollar Shops & Services

7,698 visits/mo 0.4 miles

SUBWAY Dining

1,911 visits/mo 0.3 miles

Demographics for 63014, MO

810

Population

243

Households

3.3

Avg Household Size

41

Median Age

28%

College-Educated

97%

High-School Grad

37.5 sq mi

ZIP Area

22

Density / Sq Mi

$64,327

Median Household Income

$43,167

Median Earnings

$788

Median Rent

$132,800

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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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Large front windows and historic interior finishes overlook Lafayette Park from the property’s dining space.

Where is this conventional restaurant located?

The property is located at 2024 Lafayette Avenue Saint Louis, MO.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: Front patio with seating for approximately 25 guests; Across from Lafayette Park in Lafayette Square; 1926 building with pressed‑metal ceiling, wood paneling, and stained glass