Industrial Warehouse with
New
For Sale
Contact for pricing
2247 Cassens Dr, Fenton, MO 63026
Warehouse and production space includes office areas, loading docks, and fenced outdoor storage.
Property Size24,798 SF
Lot Size2.24 Acres
Price / SF$131.06
Days on Market3
Property Features for 2247 Cassens Dr
General Information
Standard status
Active
Size
24,798 SF
Lot size
2.24 Acres
Property subtype
INDUSTRIAL
Zoning
IP-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Office Build-Out
6,000 SF
Dock-High Doors
4
Drive-In Doors
1
Building Details
Buildings
1
Building Size
24,798 SF
Listing Agency:
Intelica CRE
(314) 270-5991
Listed By:
Austin Dazey · License #2022009329
(636) 346-3490
Source:
Moodyscre
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 1:39PM
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 Intelica CRE
Investment Insights
Based on property information with market context.
The property includes a 24,798 SF industrial building on a +/- 2.24-acre site. Approximately 6,000 SF is configured as office space, with the balance designated for warehouse and production operations. A fenced outdoor storage area adds roughly half an acre of usable yard space.
Loading infrastructure includes four dock positions equipped with pit levelers and one oversized drive-in door. The property is zoned IP-1 and is located near I-44 and I-270 at 2247 Cassens Dr in Fenton, Missouri.
Loading infrastructure includes four dock positions equipped with pit levelers and one oversized drive-in door. The property is zoned IP-1 and is located near I-44 and I-270 at 2247 Cassens Dr in Fenton, Missouri.
Key Highlights
- 24,798 SF industrial building on a +/- 2.24‑acre site
- Approximately 6,000 SF of office space with remaining area for warehouse/production use
- Half acre of fenced outside storage
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
$119,370
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
3.67%
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%
$2,387,400
$2.4M
Cap Rate 7%
$1,705,286
$1.7M
Cap Rate 9%
$1,326,333
$1.3M
Market Conditions
NOI Build-Up for 24,798 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
$147.1K $5.93/SF
− Vacancy
−$6.6K −$0.27/SF
EGI
$140.4K $5.66/SF
− OpEx
−$21.1K −$0.85/SF
NOI
$119.4K $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%
$2,387,400
Cap Rate 7%
$1,705,286
Cap Rate 9%
$1,326,333
Alternative Uses
Best Use
Warehouse
$1.71M
$1.49M – $1.99M
NOI $119,370 @ 7.0% cap · market cap 3.67%
Second Best
Industrial
$1.40M
$1.23M – $1.64M
NOI $98,304 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$5.32M
$4.66M – $6.21M
NOI $372,546 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Dock-high doors
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63026, MO
44,648
Population
18,051
Households
2.5
Avg Household Size
41
Median Age
40%
College-Educated
93%
High-School Grad
25.3 sq mi
ZIP Area
1,765
Density / Sq Mi
$96,145
Median Household Income
$48,827
Median Earnings
$1,091
Median Rent
$281,900
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mayflower Movers of St. Louis — 1 Mayflower Dr, Fenton, MO 63026
- United Van Lines Movers St. Louis — 1 United Dr, Fenton, MO 63026
- Life Storage - Fenton — 485 N Hwy Dr, Fenton, MO 63026
- Guardian Relocation - Atlas Van Lines — 2223 Hitzert Ct, Fenton, MO 63026
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and production space includes office areas, loading docks, and fenced outdoor storage.
Where is this warehouse located?
The property is located at 2247 Cassens Dr Fenton, MO.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 24,798 SF industrial building on a +/- 2.24‑acre site; Approximately 6,000 SF of office space with remaining area for warehouse/production use; Half acre of fenced outside storage
