Maryland Heights Warehouse Investment
For Sale
Contact for pricing
2462-2470 Schuetz Rd, Maryland Heights, MO
Fully leased warehouse near I-270 and Page Avenue.
Property Size45,868 SF
Lot Size2.49 Acres
Price / SF$96.47
Days on Market451
Property Features for 2462-2470 Schuetz Rd
General Information
Standard status
Active
Size
45,868 SF
Lot size
2.49 Acres
Property subtype
INDUSTRIAL
Listing Agency:
JLL | St. Louis
(314) 338-2080
Listed By:
Christopher Taff · License #2016013631
(314) 706-8575
Source:
Moodyscre
Added: Jun 18, 2025
Changed: Aug 16
Last Checked: Sep 10 at 12:45PM
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 JLL | St. Louis
Investment Insights
Based on property information with market context.
This property is located in the Westport/Maryland Heights submarket, offering convenient access to the I-270 and Page Avenue intersection. The property is fully occupied by two regional credit tenants with stable financials. The property offers a 5-year weighted average lease term (WALT), providing a reliable income stream and investment stability. The property size is 45868 square feet.
Key Highlights
- 5‑year WALT providing reliable income stream and investment stability.
- Fully occupied by two financially stable regional credit tenants.
- Positioned in the thriving Westport/ Maryland Heights Submarket.
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
$220,794
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
4.99%
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%
$4,415,880
$4.4M
Cap Rate 7%
$3,154,200
$3.2M
Cap Rate 9%
$2,453,267
$2.5M
Market Conditions
NOI Build-Up for 45,868 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
$272.0K $5.93/SF
− Vacancy
−$12.2K −$0.27/SF
EGI
$259.8K $5.66/SF
− OpEx
−$39.0K −$0.85/SF
NOI
$220.8K $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%
$4,415,880
Cap Rate 7%
$3,154,200
Cap Rate 9%
$2,453,267
Alternative Uses
Best Use
Warehouse
$3.15M
$2.76M – $3.68M
NOI $220,794 @ 7.0% cap · market cap 4.99%
Second Best
Industrial
$2.60M
$2.27M – $3.03M
NOI $181,830 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$9.84M
$8.61M – $11.48M
NOI $689,086 @ 7.0% cap · market cap 15.57%
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
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
- Public Storage — 11580 Page Service Dr, St. Louis, MO 63146
- Recall — 2270 Schuetz Rd, St. Louis, MO 63146, United States
- A Shur-Lock Self Storage — 12120 Dorsett Rd, Maryland Heights, MO 63043
Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased warehouse near I-270 and Page Avenue.
Where is this warehouse located?
The property is located at 2462-2470 Schuetz Rd Maryland Heights, MO.
What is the asking price?
The asking price for this property is $4,425,000.
What are key features of this property?
This property features: 5‑year WALT providing reliable income stream and investment stability.; Fully occupied by two financially stable regional credit tenants.; Positioned in the thriving Westport/ Maryland Heights Submarket.
