Building Details

Year Built 1979

Year Renovated 2019

Stories 2

Tenancy Single

Listing Agency: Lee & Associates - Saint Louis

Listed By: David Zeigler, SIOR · License #MO 1999127405

Source: Crexi

Added: Apr 4 Changed: Sep 3 Last Checked: Sep 2 at 4:17PM

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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 Lee & Associates - Saint Louis

Investment Insights

Based on property information with market context.

This for-sale flex industrial building is listed as a combination of warehouse and office unit space, totaling 10,528 square feet. The property is represented under multiple commercial categories, including flex space, industrial properties, warehouses, and office units.

The address is 2222 Mason Lane in Ballwin, Missouri. Additional details on interior layout, condition, or specific improvements were not provided in the available information.

Key Highlights

• Flex/industrial property at 2222 Mason Lane, Ballwin, MO 63021
• Warehouse and office unit space totaling 10,528 SF
• Built in 1979

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

$50,678

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

2.90%

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%

$1,013,560 $1.0M

Cap Rate 7%

$723,971 $724.0K

Cap Rate 9%

$563,089 $563.1K

Market Conditions

NOI Build-Up for 10,528 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

$62.4K $5.93/SF

− Vacancy

−$2.8K −$0.27/SF

EGI

$59.6K $5.66/SF

− OpEx

−$8.9K −$0.85/SF

NOI

$50.7K $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%

$1,013,560

Cap Rate 7%

$723,971

Cap Rate 9%

$563,089

Alternative Uses

Best Use

Warehouse

$724.0K

$633.5K – $844.6K (±1% cap)

NOI $50,678 @ 7.0% cap · market cap 2.90%

Second Best

Industrial

$596.2K

$521.7K – $695.6K (±1% cap)

NOI $41,735 @ 7.0% cap · market cap 2.38%

Theoretical Best

Office A

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,165 @ 7.0% cap · market cap 9.04%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Auto Parts Store Real Estate Agency Big Box & Wholesale Store

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

567

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 63021, MO

56,680

Population

22,982

Households

2.5

Avg Household Size

41

Median Age

62%

College-Educated

98%

High-School Grad

21.8 sq mi

ZIP Area

2,600

Density / Sq Mi

$113,822

Median Household Income

$58,800

Median Earnings

$1,362

Median Rent

$324,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - For sale flex/industrial property offering warehouse and office unit space totaling 10,528 square feet.

Where is this flex space located?

The property is located at 2222 Mason Lane Ballwin, MO.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Flex/industrial property at 2222 Mason Lane, Ballwin, MO 63021; Warehouse and office unit space totaling 10,528 SF; Built in 1979