60-Unit Apartment
2600 Tyrell Drive, Jennings, MO 63136
For Sale
$4,100,000
A mix of one- and two-bedroom apartments and three-bedroom townhomes provides varied residential configurations.
Property Size38,442 SF
Price / SF$106.65
Days on Market113
Property Features for 2600 Tyrell Drive
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
CBRE
(314) 655-6000
Listed By:
Kenin Halilovic
(314) 655-5804
Source:
Cathlees
Added: Jul 20
Changed: Nov 7
Last Checked: Nov 8 at 9:06PM
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 CBRE
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Investment Insights
Based on property information with market context.
Sunnyland Apartments is a 60-unit multifamily property built in 1963, with 38,442 square feet of building area. Its residential mix includes one- and two-bedroom apartments alongside three-bedroom townhomes. Most units are in classic or near-classic condition, offering scope for renovations and market-rate rent adjustments.
The community is 2.5 miles from I-70, 8 miles from Lambert-St. Louis International Airport, and 10 miles from Downtown St. Louis. It is located in Jennings, Missouri.
The community is 2.5 miles from I-70, 8 miles from Lambert-St. Louis International Airport, and 10 miles from Downtown St. Louis. It is located in Jennings, Missouri.
Key Highlights
- 60 units across apartment and townhome formats
- Mix of 1- and 2‑bedroom apartments and 3‑bedroom townhomes
- 38,442 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$357,741
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,154,820
$7.2M
Cap Rate 7%
$5,110,586
$5.1M
Cap Rate 9%
$3,974,900
$4.0M
Market Conditions
NOI Build-Up for 38,442 SF
Gross rent
$692.0K $18.00/SF
− Vacancy
−$41.5K −$1.08/SF
EGI
$650.4K $16.92/SF
− OpEx
−$292.7K −$7.61/SF
NOI
$357.7K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,154,820
Cap Rate 7%
$5,110,586
Cap Rate 9%
$3,974,900
Alternative Uses
Best Use
Apartment 5plus
$5.11M
$4.47M – $5.96M
NOI $357,741 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.25M
$7.22M – $9.63M
NOI $577,523 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
60
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 63136, MO
41,767
Population
22,059
Households
1.9
Avg Household Size
37
Median Age
12%
College-Educated
87%
High-School Grad
10.9 sq mi
ZIP Area
3,832
Density / Sq Mi
$40,388
Median Household Income
$29,070
Median Earnings
$1,029
Median Rent
$77,300
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in St. Louis County, MO
Properties on Market for Apartment buildings in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A mix of one- and two-bedroom apartments and three-bedroom townhomes provides varied residential configurations.
Where is this apartment building located?
The property is located at 2600 Tyrell Drive Jennings, MO.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 60 units across apartment and townhome formats; Mix of 1- and 2‑bedroom apartments and 3‑bedroom townhomes; 38,442 square feet of building area
