Office and Industrial Space
For Sale
Contact for pricing
2322 S 7th St, Saint Louis, MO 63104
19,500 SqFt office and industrial space for sale.
Property Size19,500 SF
Price / SF$86.92
Days on Market221
Property Features for 2322 S 7th St
General Information
Standard status
Active
Size
19,500 SF
Property subtype
Retail, Industrial, Special Purpose
Lease Type
NNN
Listing Agency:
Kramer Commercial Realty
Listed By:
Mark Kramer · License #MO 2007037354
(314) 502-9155
Source:
Crexi
Added: Mar 3
Changed: Oct 6
Last Checked: Oct 9 at 5:26PM
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 Kramer Commercial Realty
Investment Insights
Based on property information with market context.
This commercial property offers 19,500 square feet of space suitable for office and industrial use.
Key Highlights
- Office property
- 19,500 sqft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,302
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,040
$1.5M
Cap Rate 7%
$1,104,314
$1.1M
Cap Rate 9%
$858,911
$858.9K
Market Conditions
NOI Build-Up for 19,500 SF
Gross rent
$115.6K $5.93/SF
− Vacancy
−$5.2K −$0.27/SF
EGI
$110.4K $5.66/SF
− OpEx
−$33.1K −$1.70/SF
NOI
$77.3K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,040
Cap Rate 7%
$1,104,314
Cap Rate 9%
$858,911
Alternative Uses
Best Use
Office B
$3.40M
$2.97M – $3.97M
NOI $237,967 @ 7.0% cap · market cap 14.04%
Second Best
Industrial
$1.10M
$966.3K – $1.29M
NOI $77,302 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$4.19M
$3.66M – $4.88M
NOI $292,953 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office space - 19,500 SqFt office and industrial space for sale.
Where is this office space located?
The property is located at 2322 S 7th St Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Office property; 19,500 sqft
